$ETH this drop broke below the 2750 short-term support; in terms of the pattern, it has formed a small double top and pulled back. Current price: 2749, down 1.13% in the past 24 hours, with trading volume of 10.2 billion RMB (not small). High: 2787, low: 2714. The amplitude has narrowed, suggesting both bulls and bears are waiting for direction. There are two key reference levels: 2787 above and 2714 below. ETH is currently stuck in the middle—neither up nor down. Yesterday, the US stock market (Nasdaq) hit a new high, but crypto didn’t follow, which is worth noting. ETH is weaker relative to US stocks, indicating that capital is selecting among crypto assets rather than seeing broad, systematic inflows. In the short term, if ETH can’t hold 2714, the next support level to watch is around 2680. If it can reclaim 2760 with volume, then there may be a chance to test 2787 again. The current volume-price alignment is only average; the rebound strength looks questionable. Overall, it leans toward range-bound and bearish. Worth monitoring, but for now, bearish. Do you agree?
