ETH has rebounded at the $2100 support level, but from the perspective of volume and price on the chart, this trend is extremely weak.

The core issue lies in the severe lack of spot buying, indicating that the current rebound is more of a game at the derivatives level, rather than real capital entering the market. Coupled with the increasing uncertainty in the macroeconomic environment and the continued sluggish demand from institutions, the fundamentals are unlikely to provide upward momentum.

ETH is highly likely to test downwards again and break below the $2100 level #ETH🔥🔥🔥🔥🔥🔥 #ETH

ETH

2,006.02

+0.06%