Today's $ETH trend commentary:

The daily line shows a lower shadow bearish candle, indicating a willingness to buy at low levels, but stability still needs to be observed. The daily MACD has formed a death cross.

The ETF saw a total net outflow of $392 million in the past week, and institutional sentiment is cautiously biased in the short term.

Upper pressure to pay attention to the 2080-2120 range, while lower support should be noted in the 1950-1900 area.