Although $ETH has performed stronger in recent days and has broken through the high point of May 29th, the daily RSI and MACD for $ETH have now shown a bearish divergence, and the price has retreated back below the high point of May 29th, resulting in a pullback.

The signals from the market are not optimistic; if Bitcoin continues to decline, it may lead to a drop in Ethereum as well.

Therefore, caution is advised when trading Ethereum and altcoins at this time.