#GateSquareMayTradingShare

#eth
Ethereum lost about 7% over the last 7 days under sell pressure. Price action ran between $2,162 and $2,230, with a weak look front and center. The latest pullback pushed price under the daily Bollinger lower band, which on a technical basis shows heavy sell stress has formed.

The key point in short-run tools is that the market has moved into the oversold zone. The 4-hour RSI data falling to 29 shows sellers may start to lose power in the short run, while the daily KDJ tool in the red zone shows heavy stress in the market. Also, CCI and WR tools sitting in the oversold area are strong signs that lift the odds of a short-run bounce for Ethereum.

Even so, risk in the market is not fully gone. A sharp rise in trade size during the last drop stands out. With size up while price kept falling, panic selling sped up and investor mood stayed under stress. This kind of build often points to swings staying high for a while.

In the chart view, the $2,160 zone stands out as the most critical base area in the short run. If this level holds, Ethereum may try to climb back toward the $2,220 and $2,280 zone. For up moves to gain power, a hold above $2,300 is needed. If new sell stress comes, the $2,100 level is the key defense zone to watch.

In market mood, fear and caution still rule. But the fact that oversold signals are all strong at once shows a short-run bottom hunt may have started. Size-backed buys that may come after sharp drops can bring fast rebound moves in Ethereum.

In the broad view, Ethereum keeps moving under stress in the short run. Even so, oversold signals on chart tools give strong signs that the market is getting set for a bounce. Ahead, buy power at base zones will set the path for price.
$ETH ‌