The price of Ethereum has been continuously declining recently, and market sentiment is gradually turning cold. Technical indicators show that ETH has fallen below multiple key support levels, short-term moving averages are in a bearish arrangement, and the MACD indicator shows a clear death cross signal, indicating that a downtrend has basically formed. The shrinking trading volume and signs of capital outflow indicate that there is not enough buying power in the market to reverse the downturn.
The current decline is not accidental but the result of multiple overlapping factors. Uncertainty in the macroeconomy, potential changes in regulatory policies, and the overall decline in market confidence in cryptocurrencies are all suppressing Ethereum's performance. Although Ethereum's ecological development and technological innovation still have potential in the long term, the price trend in the short term is still under significant pressure.
Before market sentiment stabilizes and technical indicators show reversal signals, blindly bottom-fishing may face significant risks. Historical experience shows that entering the market too early often leads to losses. Patiently waiting for clearer reversal signals may be a more prudent choice. The market always has fluctuations, and real opportunities are often hidden behind rational waiting.