Currently, the price is near 3750.00 (Murray level [2/8]), supported by the midline of the Bollinger Bands. A breakout above this level could trigger an upward move toward the upper boundary of the descending channel around 4375.00 (Murray level [6/8]) or even to 5000.00 (Murray level [8/8]). However, the more likely scenario suggests a renewed decline along the channel’s lower boundary, with a potential breakout below it. The key bearish trigger remains at 3125.00 — consolidation below this level could open the way toward 2500.00 (Murray level [0/8]) and 2187.50 (Murray level [–1/8]).
Technical indicators confirm the prevailing downtrend: Bollinger Bands are directed downward, while the Stochastic Oscillator is turning from the overbought zone, signaling a possible downward reversal. The MACD indicator remains stable in the negative zone, reinforcing bearish momentum.
On the weekly chart, prices have also closed below the middle Bollinger Band, which increases the likelihood of further downside pressure.
Support and Resistance Levels
Resistance: 3750.00, 4375.00, 5000.00.
Support: 3125.00, 2500.00, 2187.50.
ETH/USD Trading Scenarios and Price Outlook
Short positions are preferable below 3125.00, targeting 2500.00 and 2187.50, with a stop-loss at 3540.00. Expected timeframe: 5–7 days.
Long positions can be considered above 3750.00, targeting 4375.00 and 5000.00, with a stop-loss at 3360.00.
Scenario
| Timeframe | Weekly |
| Recommendation | SELL STOP |
| Entry Point | 3110.00 |
| Take Profit | 2500.00, 2187.50 |
| Stop Loss | 3540.00 |
| Key Levels | 2187.50, 2500.00, 3125.00, 3750.00, 4375.00, 5000.00 |
Alternative Scenario
| Recommendation | BUY STOP |
| Entry Point | 3770.00 |
| Take Profit | 4375.00, 5000.00 |
| Stop Loss | 3360.00 |
| Key Levels | 2187.50, 2500.00, 3125.00, 3750.00, 4375.00, 5000.00 |