The current price of $ETH is around 2785, having broken below multiple support moving averages. The EMA moving averages are in a bearish arrangement, and overall it is in a fluctuating downward channel. The MACD is below the zero line; although the bearish volume has decreased, the trend has not changed. The Bollinger Bands are opening downwards, with the price dropping directly from the middle of the Bollinger Bands at 2800 to the lower band near 2720, indicating strong bearish momentum.