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$ETH Weak Reaction — Downward Pressure Persists
Ethereum has shown a slight bounce from the 2,873 level, but the chart still doesn’t reflect a meaningful reversal.
Price action remains trapped inside the descending channel, and every attempt to move upward continues to look fragile.
As long as this red channel structure holds, downside pressure remains the dominant scenario. Any small moves upward appear to be nothing more than temporary pauses within the broader downtrend.
Our bearish outlook on BTC also remains intact, making it even harder for ETH to build a solid bullish base.
At this point, I still don’t believe Ethereum has found its bottom.
Note: This is not financial advice
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