ETH 15-minute candlestick chart shows oscillating downward momentum with notable short-term weakness.

• Price and Pattern Characteristics
Latest price at 3,199.77 USDT (down 0.65% from previous period), 24-hour range between 3,182.00 to 3,307.82 USDT. Recent candlesticks are predominantly bearish, forming consecutive down structure, with a low touch of 3,116.70 USDT followed by minor rebound but failed to break previous highs. Currently trading below the 3,182.00 USDT support level.

• Technical Indicator Signals
• Moving Average System: MA5 (41,400) and MA10 (25,100) in bearish alignment, short-term MAs crossing below long-term MAs, indicating weakened short-term trend.
• MACD Indicator: Both DIFF (-10.37) and DEA (-5.00) below zero line, green histogram continuously expanding, releasing further downside momentum.
• KDJ Indicator: K (16.07), D (27.88), J (-7.55) all below 20 in oversold zone, but no reversal signal yet, bounce probability relatively low.

• Volume and Market Sentiment
15-minute volume (16,400) significantly contracted from previous peak (173,000), reflecting weakened market trading sentiment. Order book data shows buying strength advantage (S ratio 81.81%), but current price approaching dense selling zone, potentially facing selling pressure short-term.

• Comprehensive Assessment
Combined with price breaking below MA support, MACD green histogram expansion and declining volume, short-term remains dominated by weak oscillation. Risk of further testing 3,154.92 USDT previous low should be monitored. If subsequent volume-supported rebound stabilizes above 3,212.25 USDT resistance level, downtrend may ease. Currently recommend watching or light positioning for bounce opportunities.