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$ETH Continuing to be bearish!!! $ETH 's latest price hovers around $1,595.
Capital flight:
U.S. spot ETFs have experienced an epic ten-plus days of net outflows, Wall Street institutions are frantically cutting losses, and no one is willing to step in to buy Ethereum.
Technical avalanche:
Not only has it broken the psychological barrier of $2,000, but even the strong support at $1,700 has been shattered! The market is in "extreme fear," bulls are powerless, and the downside space has fully opened.
Narrative collapse:
On-chain gas fees are low, reflecting an extremely dead ecosystem, Layer 2s are frantically bleeding liquidity, and Solana is still lurking behind. The former "king of public chains" now neither earns traffic nor funds.
$ETH The $1,600 threshold is in imminent danger; this wave of decline is likely to push the price toward $1,300 or even into the three-digit range. #eth #ETH走势分析