📊 Precise Technical Analysis – ETH (Daily Timeframe | 1D)✅
🔍 Overall Market Overview
• Current Price: $2,861.19
• Overall Trend: Bearish (Clear Downtrend)
• Bias: Sell / Short ✔️
Price is trading below all major moving averages (SMA & EMA), confirming sellers’ control over the medium- and long-term trend.
📉 Technical Indicators Analysis
1️⃣ Moving Averages
• SMA20 / EMA20 (~$3,050): Near-term dynamic resistance
• SMA50 / EMA50 (~$3,200): Strong resistance zone
• SMA100 & SMA200 (>$3,400): Confirm that any upside move is only corrective
📌 Bearish moving average alignment → Strong negative signal.
2️⃣ Momentum Indicators
➜ Negative momentum
➜ Not yet in full oversold conditions (no confirmed reversal)
3️⃣ Trend Strength
➜ Relatively strong bearish trend
➜ This is not consolidation; it is a clear directional trend
4️⃣ Oversold Conditions
• Price is approaching oversold territory
• ⚠️ A short-term technical bounce is possible, but not a trend reversal
🧱 Support & Resistance Levels
🟢 Key Support Levels
1️⃣ $2,750 ✅
• Psychological + technical support
• Current target is technically well-justified
2️⃣ $2,680 – $2,700
• A daily close below $2,750 opens the path to this zone
3️⃣ $2,550
• Major support if bearish momentum accelerates
🔴 Resistance Levels
1️⃣ $2,950 – $3,000 ❗
• Short-term resistance
• Ideal zone for stop-loss placement
2️⃣ $3,050 (EMA20)
• A break above = first sign of selling weakness
3️⃣ $3,200
• Key structural resistance – scenario change below this level is unlikely
🎯 Expected Scenarios
✅ Primary Scenario (70%)
• Continuation of the downtrend
• Retest of $2,750
• If broken with a daily close:
➜ $2,680
➜ Then $2,550
📌 The current short position is strongly supported by technical structure.
⚠️ Alternative Scenario (30%)
• Corrective bounce from oversold areas
• Upside move toward:
➜ $2,920 – $2,980
• Failure to break $3,000
• Then bearish continuation
📌 This scenario does not invalidate the short bias, but offers a better re-entry opportunity.
🛑 Trade Management Evaluation
• Take Profit (TP): $2,750 ✅ Excellent
• Stop Loss (SL): $2,950 ✅ Logical above short-term resistance
• Risk/Reward: Favorable (greater than 1:2)
🧠 Final Conclusion
• Trend: Clearly bearish
• No confirmed reversal signals
• Any upside move = correction
• Selling on pullbacks remains the optimal strategy at this stage
