The performance of $ETH continues to weaken. According to Binance's real-time data, the current price of ETH fluctuates near a key support level, and the trading volume has not shown significant expansion, indicating insufficient buying power. The following points highlight bearish signals in the market:

Weak price trend: After a recent rebound, it failed to break through the upper resistance and instead fell back again, forming a short-term downward channel.

Technical indicators are bearish: Moving averages show that the short-term moving average has crossed below the long-term moving average, and the RSI indicator is also in a neutral to slightly lower region, indicating insufficient momentum.

Market sentiment is cautious: The overall cryptocurrency market is under pressure, with limited capital inflow amid Bitcoin's adjustment, putting pressure on ETH's capital.

Key support test: If it breaks below the current support level, it may further probe into a lower range, triggering more stop-loss orders. #Binance Contract Real-time