$ETH Here is a technical analysis for ETH/USDT:

1. Trend & Price Action:

· Current Price: 2,698.66 USDT
· Trend: Bearish in the short term. Price is trading well below the Bollinger Band midline (2,859.43) and the SAR resistance (2,755.20).
· Recent Movement: Price has fallen from the 24h high of 2,769.03 and is hovering just above the 24h low of 2,636.50.

2. Key Technical Indicators:

· Bollinger Bands (20,2):
· Upper Band (UB): 3,112.17 → Strong resistance.
· Middle Band (BOLL): 2,859.43 → Dynamic resistance.
· Lower Band (LB): 2,606.69 → Immediate support.
· Price is currently trading near the lower band, indicating oversold conditions or continued bearish momentum.
· Parabolic SAR (0.02, 0.02, 0.2): 2,755.20
· The SAR dots are above the current price, confirming a downtrend. This suggests sellers are in control.

3. Support & Resistance Levels:

· Immediate Resistance: 2,755.20 (SAR) → 2,859.43 (Bollinger Midline)
· Strong Resistance: 3,112.17 (Bollinger Upper Band)
· Immediate Support: 2,606.69 (Bollinger Lower Band) → 2,636.50 (24h Low)
· Next Support: 2,554.24 (Recent swing low)

4. Market Sentiment & Volume:

· 24h Turnover: 568.82M USDT → Significant volume, confirming active selling pressure.
· Price Change: -1.94% → Bearish momentum is present.
· The market is currently in a correction phase within a larger structure, with strong resistance overhead.

5. Conclusion & Outlook:

· Short-term Bias: Bearish. Until price reclaims the SAR (2,755.20) and the Bollinger midline (2,859.43), the downtrend is intact.
· Key Watch: If price breaks below 2,606.69 (Lower Band), it could target 2,554.24. A bounce from the lower band could lead to a retest of 2,755.20.
· Recommendation: Wait for confirmation—either a break below support or a reversal signal (e.g., bounce from LB with bullish candle). Avoid longing until SAR flips below price.$ETH ‌