$ETH Currently, Ethereum is in a range-bound trading pattern. It keeps poking back and forth within the 1640–1680 range to wash out positions. The resistance level at 1685 has still not been able to break through, so it needs time to shake out some uncommitted holdings before exiting. In addition, spot ETFs have continued to see outflows recently, and the US stock market is also steadily trending lower. Therefore, the market will keep falling. At the current price around 1672, notify followers that going short offers a good price-to-value (risk-reward) setup. If you’re unsure about the future direction of the market, head to the homepage.