$ETH USDT chart:
Despite some recent green candles, Ethereum (ETH/USDT) remains under significant bearish pressure. The price is consistently failing to break above the middle Bollinger Band, which is acting as strong resistance. This, combined with the established downtrend since late May, suggests that the current bounce is likely a temporary relief rally rather than a sustained recovery. Watch for a rejection at this resistance level and a potential continuation of the downtrend towards the lower Bollinger Band.
