Technical indicators continue to point to a sell signal: Bollinger Bands are turning lower, the MACD histogram is expanding in negative territory, and the Stochastic oscillator has entered oversold territory, which does not rule out a limited corrective rebound.

It is also worth noting that on the weekly chart, Bollinger Bands are turning downward, while the price action has completed a “flag” pattern within a downtrend, increasing the likelihood of further negative dynamics in the medium term.

Support and resistance levels

Resistance levels: 3165.00, 3750.00, 4062.50.

Support levels: 2187.50, 1875.00, 1481.60.

ETH/USD

Trading scenarios and ETH/USD forecast

Short positions can be opened below the 2187.50 level with targets at 1875.00 and 1481.60, and a stop-loss at 2435.00. Time horizon: 5–7 days.

Long positions can be opened above the 3165.00 level with targets at 3750.00 and 4062.50, and a stop-loss at 2800.00.

Scenario

Timeframe Weekly
Recommendation SELL STOP
Entry point 2187.45
Take Profit 1875.00, 1481.60
Stop Loss 2435.00
Key levels 1481.60, 1875.00, 2187.50, 3165.00, 3750.00, 4062.50

Alternative scenario

Recommendation BUY STOP
Entry point 3165.05
Take Profit 3750.00, 4062.50
Stop Loss 2800.00
Key levels 1481.60, 1875.00, 2187.50, 3165.00, 3750.00, 4062.50