This old crypto hand isn’t here to rant today—just doing a purely technical review. Look at how far $ETH has fallen; the RSI has dropped all the way to 15.3, and both the 1-hour and 4-hour charts are in oversold territory. In theory, a rebound should be due. But the long/short ratio shows long positions are declining, with 61.5% of longs clearly heading for the exits. That suggests big money isn’t optimistic about a short-term rebound.

The lower Bollinger Band at 2538.84 is strong support, but if it breaks, the price could keep falling. The key is whether it can hold above the 2585.52 (EMA7) level. If it does, we might see a decent rebound; if it can’t, the next support is around 2633.58.

For market observation and conditional analysis only; this is not a record of trading activity.

$ETH #熊市 #交易 #MarketSentiment