$ETH ETH Short-term technical outlook is bearish, currently consolidating weakly around $1,600**. There is strong resistance in the **$1,640-$1,660** zone, while key support lies in the **$1,540-$1,550** range. Funding rates have turned negative and longs are getting liquidated, leading to cautious market sentiment; likely to maintain a low-level range-bound movement within the next hour.