Ethereum: analysis of the southern trend and profitable entry points

In recent days, the cryptocurrency market has been demonstrating a clearly defined southward trend on Ethereum, with the price continuing to decline after three consecutive days of decrease. Market experts recommend waiting for the decline to complete, then for a correction and confirmation signals before considering new entries. Currently, the ETH price stands at $2.65K with a 24-hour drop of 2.91%.

Current Dynamics: Southward Trend and Oversold Signals

Ethereum shows a steady southward movement, with the market experiencing three consecutive days of decline. On the fourth day, the trend continued, reaching new lows previously established. This was accompanied by entering the oversold zone, creating potential for a vertical correction. However, experts emphasize the importance of not rushing into long positions — critically, wait for the decline to end and obtain sufficient confirmation signals before opening positions.

Daily Chart: Key Levels and Indicator Signals

Before publishing this analysis, the daily chart showed a high at 3026 and a low at 2864. The Exponential Moving Average (EMA) indicator demonstrates a downward trend, with EMA15 and EMA30 turning downwards. The golden cross line at 0.786 acts as resistance at 3120. The MACD continues to decline, while DIF and DEA are moving down from the zero axis. The lower Bollinger Band, set at 2933, has already been broken, indicating the persistence of the southward trend. In the short term, a return of the price to the middle of the channel is expected before a possible continuation of the downward movement.

Four-Hour Chart: Strengthening Southward Energy

On the four-hour timeframe, the southward energy is noticeably intensifying. The EMA trend indicator continues to expand in a downward direction, while the MACD at the bottom shows divergence with decreasing volume. The Bollinger Band is opening downward, with the lower support line dropping to 2850 and continuing to move lower. The Relative Strength Index (RSI) has entered the extreme oversold zone, indicating short-term strength for further southward development. At the same time, there is a threat of a corrective bounce, so the most practical approach is to hold positions and watch for a potential northward entry after breaking previous lows.

Practical Recommendations: Scenarios and Risk Management Points

Northward Scenario (from south positions):

• Entry level: 2800–2850
• Support level: 2750
• Stop-loss: 40 points
• Target levels: 2900–2950, with extension to 3000–3050 upon breaking resistance

Southward Scenario (from north positions):

• Entry level: 3000–3050
• Support level: 3100
• Stop-loss: 40 points
• Target levels: 2950–2900, with extension to 2850–2800 upon breaking support

All operations should be based on actual market data at the time of execution. Specific lot sizing, contract details, and tailored recommendations can be obtained through consultation with a specialist. This publication is for informational purposes only and is recommended solely as a reference for self-analysis. All trading decisions and related risks remain the responsibility of the trader.