$ETH Bearish Indicator: ETH shows a bearish technical structure, with the short-term EMA below the long-term moving average, MACD in negative territory, and RSI values consistently below 50.

Leverage Risk: High leverage in the market has led to significant whale positions being liquidated, including a long position in ETH valued at $10.4 million, indicating increased downside risk.

Regulatory and Market Uncertainty: Japan's upcoming interest rate decision and ETF outflows, combined with year-end options expiration, are exacerbating market instability.

$ETH Sentiment Divergence: Community sentiment is divided, with some investors expecting prices to further decline to $2,600 or $2,400, while others maintain a long-term bullish outlook.

ETHUSDT

Perp

2,868.42

+0.63%

BTCUSDT

Perp

86,530

-0.09%