ETH 15-minute K-line chart shows a oscillating downward trend, with obvious short-term pressure signs.

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• Price and Pattern Characteristics
The latest price is 3,199.77 USDT (down 0.65% compared to the previous period), with a 24-hour range between 3,182.00 and 3,307.82 USDT. Recent K-lines are mainly bearish, forming a continuous decline pattern. After touching a low of 3,116.70 USDT, there was a slight rebound but it did not break the previous high. Currently, the price is below the support level around 3,182.00 USDT.
• Technical Indicator Signals
• Moving Average System: MA5 (41,400), MA10 (25,100) are in a bearish alignment, with short-term moving averages crossing below long-term moving averages, indicating a weak short-term trend.
• MACD Indicator: DIFF (-10.37) and DEA (-5.00) are both below zero, with the green bars continuously expanding, further releasing downward momentum.
• KDJ Indicator: K (16.07), D (27.88), J (-7.55) are all below 20 in the oversold zone, but no reversal signals have appeared yet, making a rebound less likely.
• Volume and Market Sentiment
15-minute trading volume (1.64K) has significantly shrunk from the previous high (173K), reflecting weakened market trading willingness. Order book data shows buy-side dominance (S ratio 81.81%), but the current price is near a dense sell zone, which may face selling pressure in the short term.
• Overall Judgment
Considering the price breaking below moving average support, expanding MACD green bars, and low trading volume, the short-term trend remains weak and oscillating. Caution is advised for a further decline toward the previous low of 3,154.92 USDT. If a volume-supported rebound occurs and the price stabilizes above the 3,212.25 USDT resistance level, the downward trend may be alleviated. Currently, it is recommended to stay on the sidelines or lightly position for a rebound opportunity.