💀 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.