ETH is attempting to recover from its recent low, and the deeply oversold StochRSI makes a relief bounce plausible. However, the bearish MACD, downward price structure, and overhead moving averages mean that a sustained bullish reversal is not yet confirmed. I would look for a confirmed breakout above $2,374 before considering the recovery stronger. Conversely, a breakdown below $2,282 would increase the risk of another downward leg.
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