$ETH ‌

Current Price: $1,989.60 (+0.89%)
Trend & Moving Averages
The price is trading below all three MAs (MA5: 1,977 | MA10: 1,978 | MA30: 1,982), but the current candle is pushing back up toward them. The MAs are tightly clustered and relatively flat, suggesting indecision/consolidation rather than a strong directional trend. The broader downtrend from ~2,023 is still technically intact.
Price Action
The chart shows a clear drop from 2,023 → 1,937 (the 24h low), followed by a recovery bounce back toward ~1,990. The current price is sitting at a decision zone — it needs to reclaim the MA cluster (~1,982–1,978) convincingly to shift momentum bullish.
MACD (12,26,9)
MACD: +0.51, DIF: -1.68, DEA: -2.19
The MACD line is crossing above the signal line — a bullish crossover forming
However, both lines remain in negative territory, meaning the signal is a potential reversal, not confirmed strength yet
Volume
Volume spiked on the sell-off and appears to be tapering off on the recovery — not ideal, as a strong reversal typically needs increasing buy-side volume.
Key Levels
Level
Type
2,023–2,027
Resistance (recent swing high)
1,982–1,978
Near-term resistance (MA cluster)
1,989
Current price
1,957–1,960
Support zone
1,937
Strong support (24h low)
Outlook
Short-term bias: Cautiously neutral/mildly bullish. The MACD crossover and price bounce are encouraging, but the lack of strong volume and position below the MAs warrant caution. A clean break and hold above ~1,995–2,000 would be the first signal of bullish continuation. Failure to hold ~1,975 could retest 1,957 or lower.
⚠️ This is technical analysis for informational purposes only, not financial advice. Crypto markets are highly volatile.#GateSquare$50KRedPacketGiveaway