$ETH Short-term Trend: Resistance Suppression and Bottom Signals Coexisting

1. Technical Pressure

The current price of ETH is around $1,559, failing to break through the 20-day moving average resistance level of $1,755, and the lower Bollinger Band support is at $1,436. If it breaks below, it may test $1,350137.

The RSI indicator (36.61) is close to the oversold area, indicating that a bottom may be forming in the short term, but it needs to stay above $1,500 to confirm a rebound signal16.

2. Divergence in Capital Flow

BlackRock's ETHA Trust recently recorded an inflow of $6.4 million, but the overall capital outflow from spot ETH ETFs was $38.79 million, especially with Fidelity withdrawing $36 million, showing institutional confidence in ETH is insufficient in the short term13.

Net liquidity data from exchanges shows that selling pressure has eased, with an increase in net outflow of ETH from exchanges, which may suggest that a market bottom is forming68.

3. Macroeconomic Disturbances

The escalation of U.S. tariff policies (such as Trump's 'Liberation Day' tariffs) and expectations of Federal Reserve interest rate cuts intertwine, triggering market risk-averse sentiment, and ETH as a risk asset may face further pressure47.