May 28th $ETH Midday Analysis

Intraday surge followed by a pullback, with a high of 2096.61 and a low of 2010.25, a daily decline of 2.78%, with funds simultaneously net outflowing. The overall market remains under significant pressure, in a weak consolidation phase within a downtrend.
The Bollinger middle band is at 2086.03, the upper band at 2144.15, and the lower band at 2027.91. The price has effectively broken below the lower Bollinger band, moving outside the channel, with bearish momentum dominating. The Bollinger bands and moving averages form a double suppression above.
(2086.32) also turns downward simultaneously, with the price continuously under pressure below the moving averages. The bearish arrangement is established, and every rebound encounters resistance from the moving averages.
Both lines are operating below the zero axis, and the bearish pattern has not reversed. There are signs of increased bearish momentum, with volume bars showing signs of expansion. The downward energy continues to be released, and no clear signs of stabilization or bottoming have appeared in the market. The range of 2035-2070 is directly supported, with targets of 2000-1950, and a break below 1880 is expected. $ETH $BTC