Last night it fell below 2900, getting closer to the 0.618 position

Currently, Ethereum still respects the descending channel, moving from the upper half of the channel to the lower half, which indicates an extremely weak market. The future will determine if it can return to the upper edge of the channel for consolidation, and breaking through the major descending trend will be the time for bulls to enter.

After breaking below 3000, there has been a slow inflow in the overall aggregated CVD, which can be seen as a signal of an impending bottom. Continuing to observe $ETH

ETHUSDT

Perp

2,925.69

-7.21%