The MACD line has crossed below its signal line, producing a negative histogram — a short-term bearish momentum signal.
The gap between the MACD and signal lines is small, suggesting hesitant momentum rather than a strong directional break.
ETH has traded in a roughly $150 band through the first week of August, matching the indecisive signal from both indicators.
A confirmed close outside that range, on rising volume, would carry more weight than either indicator reading alone.
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