$ETH ‌ Ethereum is currently experiencing a strong short-term bearish trend.

​Here is a breakdown of the technical indicators shown:
​1. Price Action and Candlesticks
• ​Current Price: $2,089.64, down roughly 8.17% over the last 24 hours.
• ​Trend: The chart shows a series of "lower highs" and "lower lows" on the 15-minute timeframe, which is the classic definition of a downtrend.
• ​Support/Resistance: The price recently bounced off a local low of $2,075.19. If it breaks below this level, the downward momentum could accelerate.
​2. Moving Averages (MA)
• ​The price is currently trading below all three primary moving averages shown:
• ​MA5 (Orange): ~2,095
• ​MA10 (Green): ~2,100
• ​MA30 (Yellow): ~2,125
• ​The fact that the shorter-term averages are below the longer-term ones indicates that the selling pressure is increasing.
​3. MACD (Moving Average Convergence Divergence)
• ​Value: The MACD is in negative territory (-1.64).
• ​Signal: The MACD line (DIF) is below the signal line (DEA), and the histogram is showing red bars. This confirms that the bearish momentum is still dominant and hasn't shiffted yet.

Potential Outlook
​The market is currently searching for a "bottom." Until you see the price cross back above the MA5 or MA10 with significant green volume, the trend remains downward. Traders often look for a "double bottom" or a MACD crossover to the upside before considering a long position.

• Immediate Support: $2,075. This is the most recent low on your chart. If the price falls below this, it signals that the downtrend is continuing.
• ​Major Resistance: $2,200 – $2,250. This area was previously a floor but has now become a "ceiling." The price would need a lot of buying volume to break back above this.

​Scenario A: Shorting the Trend (Selling)
​Since the trend is bearish, many traders "sell the rallies."
• ​Entry Point: Near the MA5 or MA10 (around $2,100).
• ​Stop-Loss: $2,135. This is placed just above the MA30 (Yellow line). If the price hits this, the short-term bearish thesis is invalidated.
• ​Take-Profit: $2,000. Round numbers often act as psychological magnets during a crash.
​Scenario B: Going Long (Buying the Bounce)
​This is riskier as you are trading against the current trend.
• ​Entry Point: Near the current support of $2,080 - $2,090.
• ​Stop-Loss: $2,065. Placed just below the local low of $2,075 to protect against a "breakout" to the downside.
• ​Take-Profit: $2,180. Targeted just below the first major resistance level to ensure you exit before sellers jump back in.

A common rule of thumb is the Risk-Reward Ratio. You should aim for your potential profit to be at least double your potential loss.
​Example: If you risk $20 on your Stop-Loss, your Take-Profit should be set to gain at least $40. This ensures that even if you only win 50% of your trades, you remain profitable over time.