$ETH Ethereum has fallen from 3900, and the "downward momentum" is still there. The recent rebound hasn’t even reached the 3200 resistance level, and it's clearly not able to rise;

short-term moving averages are all pressing down on the price, and there is no real capital entering the market, making this rebound just a "false move";

The upper band of the Bollinger Bands is stuck at 3200. It’s close now but unable to break through, and there’s a high probability it will be pushed back.