$ETH is currently in a “calm before the storm” phase. Short-term and long-term technical indicators are conflicting, making the market direction unclear.

If the price breaks downward, it could trigger another round of long liquidations and accelerate the decline.

Although technical indicators show that a short-term rebound is possible, the funding data is telling a completely different story. This divergence suggests that the strength and sustainability of the rebound are questionable — it is more likely just a small correction within the broader downtrend.

The weakness in funding provides an important warning:

Until $ETH can firmly reclaim key resistance levels, it’s not the time to be overly optimistic. Caution is still necessary during upward moves$ETH #WriteToEarnUpgrade #USJobsData #USJobsData #CryptoIn401k

ETH

2,805.01

+1.93%