Rukawa

ETH is currently quoted at approximately 2,186 USDT, almost unchanged over the past 24 hours (-0.03%), but don’t be fooled by this calm surface—below, 2,157 just tested support, and above, 2,246 is the recent 24-hour high. The entire market is actually oscillating within a narrow range of about 90 dollars.

ETH is currently priced at $2,055, with a 24-hour change of -0.21%, and a 7-day increase of 3.56%. However, over the 90-day period, it still declined by approximately 36%. The technical outlook is generally weak (both the 4-hour and daily charts show a bearish alignment). Market sentiment is mixed, with 45% positive and 41% negative, indicating no clear unilateral trend.

Institutions quietly accumulate at the bottom, while retail investors run as soon as the market shows signs of recovery. The overall market is in a defensive mode, and under extreme panic, caution comes first. Position management is more important than predicting the direction.

BTC is currently in the "price consolidation and institutional covert battle" stage, a typical "retail investors getting shaken out, large institutions accumulating" structure. In the short term, continued pressure is expected, with a key support level at around $65,900. If broken, further decline may occur; resistance above is in the $68,000-70,000 range (a previous zone of moving averages). Without a macro liquidity turning point, a major reversal has not yet arrived—but extreme panic combined with bullish divergence indicates that risks are shifting upward.

BTC bullish news: Strategy, BlackRock, and other institutions continue to buy, Morgan Stanley is preparing a BTC spot ETF with a fee of 0.14%, Coinbase launches BTC-backed mortgage loans—institutions' long-term confidence remains strong.

BTC is generally weak, but there are some oversold areas locally. The main trend remains downward, with around 65,500 being an important recent support level. If the daily close drops below 65,000, caution is advised. Some opinions suggest the next support range is between 43,000 and 45,000. In the short term, if it's just a rebound wave, you can watch whether the funding rate turns positive and the movement in the 15-minute CCI overbought zone. However, in the medium term, it is not recommended to take contrarian heavy long positions.