Analyzing the $ETH /USDT 15-minute chart, I am observing a definitive bearish trend as the price remains pinned under a heavy descending moving average cluster. We recently swept the local liquidity at the 2,339.92 low, and while there is a minor attempt at consolidation, the technical structure is currently dominated by overhead resistance from the MA(7), MA(25), and MA(99). The fanning out of these moving averages indicates sustained selling pressure, and until we see a high-volume reclaim of the 2,360 zone.

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