The ETH market sentiment remains weak. After two days of adjustment, it still failed to hold above 2100. The moving averages on the daily chart are positioned below the 50-day and 100-day, forming a bearish arrangement that indicates a downward trend is establishing. The daily RSI is below the neutral level of 50, but the daily momentum remains weak, with no clear bottom reversal signals appearing. Additionally, the MACD is below the zero line and in the bearish zone, indicating that bearish momentum is increasing, and there is considerable short-term pullback pressure.

Therefore, it is highly likely that the attempt to continue the downward rhythm will persist as long as it is suppressed below the resistance area of 2120, with bears holding the dominant position. If the range of 2025 - 2000 is broken down with volume, the downward trend will continue, targeting support at 1965 or even lower.