$ETH Ethereum price prediction: Network upgrades are not enough: ETH hovers near its session lows
The dominance of sellers remains while momentum weakens in a low volatility context
Momentum indicators show a generally weak setup: the daily MACD is neutral and the ADX indicates an established downward trend with a "sell" sentiment. The daily RSI is at 47.41, firmly remaining in the sell territory without overbought signals, while Stoch RSI and the CCI provide mixed signals and some divergence. Bull/Bear Power (BBP) highlights a pronounced dominance of sellers intraday despite neutral oscillator readings, and while the Awesome oscillator offers modest support to buyers, the prevailing technical weakness continues. Today, ETH has lost $158.11, or 4.87%, with no clear gap between the previous close and today's open; the price is trading near session lows in a narrow range of $16.37, reflecting low volatility and persistent selling after the open.
The downward trend prevails while the chances of a rebound remain low.
Over the next five trading days, ETH is expected to move within a volatility band of $2,990 to $3,180 relative to current levels. The probability of a price rise remains very low (below 20%), suggesting that new declines are more likely in the short term. In the base scenario, ETH consolidates between $2,990 and $3,180; a bullish scenario would require a close above $3,180, while a break below $2,990 could signal a larger decline.
