$ETH The mitigated intraday gains defy the general weakness of the daily momentum
The momentum on the daily chart remains mixed: both the MACD and the ADX indicate persistent weakness, while the RSI and the CCI are slightly bearish but not oversold. The Bull/Bear Power (BBP) signals overbought conditions, with buyers dominating the intraday momentum, creating a divergence with several oscillators showing neutral or moderate selling pressure. The Awesome Oscillator is neutral, and the daily movement (+1.84%) occurred after a slight overnight gap, with the current price near the middle of today’s range and volatility being moderate. This intraday performance reflects some strength at the beginning of the session but goes against the weakness of the momentum indicated by the D1 indicators.
The downside risk is favored, as volatility contains ETH within the range/h2>
Over the next five trading days, ETH is expected to trade between $2,950 and $3,175, which corresponds to the usual volatility at current levels. The probability of a price increase is very low (less than 20%), and a decrease is more likely given the current D1 and W1 momentum signals. The base scenario anticipates continued sideways activity in the range of $2,950 to $3,175. A bullish scenario would require a sustainable break above $3,130, while a close below $2,950 would expose $2,900 as the next support.
