$ETH Why am I currently leaning towards bearish on ETH?

It's simple, after ETH continuously retreated from above 2140, the 1-hour timeframe has already broken below the short-term moving average support. Although there is a rebound now, the momentum is clearly insufficient.
Repetitive oscillation around 2100 looks like stabilization, but in reality, it’s more like a weak sideways movement. Especially since each rally fails to regain a firm footing above 2120-2130, with obvious selling pressure above.
Looking at MACD, although the bearish volume is decreasing, it hasn't truly formed a strong bullish crossover, indicating that funds are mostly on the sidelines rather than actively pushing the price up.
Currently, the overall market sentiment is also relatively weak; BTC hasn't broken out with volume, so ETH finds it hard to move independently strong.
My approach is very clear: don’t chase the rebound, wait for a high-level short entry. #股票交易挑战最高赢17000U #美军打击伊朗 #Gate预测市场升级聪明钱追踪 $HYPE $BSB