$ETH The latest Ethereum package has been released by Shen Dan 🚀🚀🚀

Currently, large holders are continuously transferring coins to exchanges, clearly aiming to smash the market and cash out.

Institutional funds are also retreating, with Ethereum ETFs experiencing net outflows for several consecutive days, with funds moving into Bitcoin. The technical indicators are worse, with the daily chart breaking below all key moving averages, MACD forming a death cross downward, and Bollinger Bands opening downward, indicating a complete downtrend channel.

Four-hour rebounds are weak, each time hitting the middle band and being pushed down again. Retail investors are still blindly optimistic, with an abnormal ratio of longs to shorts; the amount of long liquidations far exceeds that of shorts, indicating that the main players are deliberately harvesting longs.

Currently, buying volume is weak, and rebounds are opportunities to short. The price will likely continue to decline and test the 2085 level.