#ETH $ETH ETH After a 4-hour spike to 1721, we're seeing a pullback, currently consolidating around 1650. The 1-hour chart shows consecutive bearish candles, with selling pressure increasing to 61%, indicating stronger short momentum in the near term. The basis has widened negatively to -0.09%, and the funding rate remains tilted to the downside, reflecting a bearish market sentiment. Keep an eye on the 1650 support; if it breaks, it could accelerate the downward movement. Follow me, and you’ll notice that the coins I post about are always experiencing significant volatility. I’m currently merging and analyzing a ton of on-chain data to output the situation of this coin within a minute. $$