$ETH is in a very difficult situation. In the previous article, I analyzed why #ETH has not been able to break through, due to the significant resistance ahead. Today, upon observation, it seems that $ETH is yielding to fate.

Firstly, on the daily chart, the 7-day moving average has crossed below the 25-day moving average. This signals that the Short side is gaining the upper hand. The previous day's candle was a strong selling candle, making it very difficult for the Long side to break through today.

On the weekly chart, last week, the candles showed strong wicks due to significant resistance. If observed closely, last week's candle was a very bad one.

Of course, the Short side still holds a significant advantage not only based on the two analyses above. In the previous article, I mentioned the Fibonacci chart, with the trendline acting as the upper resistance line. It is very challenging for $ETH to rise again.

In the event that ETH declines, I think it could drift down to 1k7, 1k4, or even 1k. Of course, I do not wish for that.