💀 Not gonna lie, $ETH looks absolutely dead. All local and global supports are already broken, ETHBTC chart looks like it's going straight to zero.
To visualise the heaviness, just look at this chart with a proper moving average. See how the price broke it and made a bearish retest for the first time in history? This is what I'm talking about.
Every time $ETH makes a tiny move up, I see a whole crowd cheering for it. That means $ETH holders army is still huge! However, the price keeps going lower - and there's no one to buy the dip.
ETH has been a top-2 crypto since 2016, the "crypto silver" and the driver of altseason. The year 2025 may be the final one for it.