$ETH #TrumpAnnouncesNewTariffs

Here is an in-depth technical analysis based on the visible data points and indicators.

1. Current Market Snapshot

· Price: $1,823.70
· 24h Change: -4.68%
· Context: Ethereum is currently trading near the lower end of its 24-hour range ($1,811.57 – $1,935.37).

2. Key Indicators Analysis

A. Bollinger Bands (BOLL(20,2))

· Upper Band (UB): 2,039.28
· Middle Band (Base): 1,921.58 (20-period SMA)
· Lower Band (LB): 1,803.87
· Analysis:
· The price is currently testing the Lower Band (1,803.87).
· Interpretation: When price touches or breaks below the lower band, the asset is usually considered oversold in the short term. This often leads to a bounce back toward the middle band (resistance at ~$1,921).
· Risk: If the price cannot hold above the lower band and breaks through it decisively, it signals strong selling pressure and a continuation of the downtrend.

B. Parabolic SAR (SAR)

· Value: 1,905.67
· Analysis:
· The SAR dots are currently above the current price (1,823.70).
· Interpretation: This is a classic bearish signal. It indicates that the trend is currently downward, and the SAR acts as a potential resistance level. A reversal signal would occur only if the price moves back above the SAR level (~$1,905).

3. Support and Resistance Levels (Visible on Chart)

Based on the annotated numbers on the left side of the chart:

Key Resistance Levels (Sell Walls / Profit Zones):

1. Immediate Resistance: $1,864.52 (The first hurdle for a recovery).
2. Major Resistance 1: $1,921.58 (The Bollinger Middle Band).
3. Major Resistance 2: $1,955.50 (Previous consolidation area).
4. High Resistance: $2,038.85 – $2,046.49 (The 24h High and Upper Bollinger Band confluence).

Key Support Levels (Buy Walls / Demand Zones):

1. Current Pivot: $1,823.70 (Current market price).
2. Immediate Support: $1,811.57 (Today's Low). A break below this confirms short-term weakness.
3. Critical Support: $1,773.54 (The next psychological level visible on the chart).

4. Chart Pattern & Trend Analysis

· Structure: The price is currently in a downtrend (Lower Highs and Lower Lows likely occurring recently, confirmed by the Parabolic SAR).
· The Squeeze: The price is hugging the lower Bollinger Band. This indicates high bearish momentum at this specific moment.
· Mean Reversion: Statistically, when an asset deviates this far below the moving average (Middle Band), the probability of a "mean reversion" (a bounce upward) increases.

5. Trading Strategy & Outlook

Bullish Scenario (The Reversal):

· Trigger: The price must hold above $1,811** and reclaim **$1,823 as support.
· Target 1: $1,864
· Target 2: $1,921 (Middle Band)
· Condition: If ETH bounces off the lower band and volume increases, this suggests buyers are stepping in.

Bearish Scenario (The Breakdown):

· Trigger: The price breaks and closes below $1,811.
· Target 1: $1,773
· Condition: If the Bollinger Bands start to expand wider and price rejects $1,811, the next leg down is imminent.

Summary:
Ethereum is currently at a critical juncture ($1,811). It is oversold on the Bollinger Bands but bearish on the Parabolic SAR.

· Aggressive traders might look for a long entry near $1,811 with a stop loss just below it, aiming for a bounce.
· Conservative traders should wait for the price to reclaim $1,864 or $1,921 before going long, or wait for a confirmed breakdown below $1,811 to short.