$ETH

Ethereum (ETH) is currently exhibiting a bearish trend on Binance, with its price experiencing a significant drop. This downturn is influenced by a confluence of factors, including a bearish crossover between the 50-day and 200-day moving averages, a classic indicator of potential prolonged downside risk.

Additionally, the Chaikin Money Flow (CMF) indicator reflects weak buying interest, further supporting the bearish outlook. The cryptocurrency's future trajectory hinges on its ability to hold above the critical $2,200 support level, as a breakdown below this point could trigger further declines.

Traders and investors are closely monitoring these indicators to gauge the extent and duration of the bearish trend.