Analysis #ETH d3 frame

The chart shows a strong downtrend after peaking at 4,093.92, the price is currently at 2,292.40, below the Bollinger Bands average (MB - 2,834.55). The Bollinger Bands are expanding, indicating high volatility. The price moving near the lower band shows that selling pressure is dominant.

Regarding the moving averages (MA), both MA(5) and MA(10) are falling, reflecting a short-term downtrend. The price is currently below both MAs, reinforcing the negative sentiment.

High trading volume at the dips suggests that many investors are taking profits or cutting losses, increasing selling pressure.

The MACD indicator also shows continued bearish momentum as both the MACD line and the signal line (DEA) are below zero and are falling. DIF is at -236.50, indicating that the bearish momentum is still strong, with no signs of a reversal.

In short, the short-term trend is still bearish and there are no positive signals for a reversal. Investors should be cautious and monitor technical factors before making a trading decision, especially if the price continues to remain below important resistance levels.