【$ETH Trend】

1. K-line Pattern：

- The recent K-line shows a fluctuating downward trend, with prices gradually retreating from a high of 3284 to the current level around 2939.

- Multiple long upper shadows and bearish candles indicate heavy selling pressure above.

2. Technical Indicators：

- MACD: DIF and DEA continue to diverge downwards, and the MACD histogram is negative and expanding, indicating strengthened bearish momentum.

- RSI: The current RSI is 38.75, approaching the oversold zone, but has not yet entered extreme territory, suggesting a potential short-term rebound demand.

- EMA: Prices are below the EMA7, EMA30, and EMA120 moving averages, showing an overall distinct bearish trend. EMA7 (3004.81) exerts short-term pressure on prices.

3. Trading Volume：

- After a surge in trading volume on January 21, 2026, it has gradually shrunk, indicating a cooling of market sentiment.

- Currently, trading volume is sluggish, reflecting a strong wait-and-see sentiment, and attention should be paid to whether a volume increase signal appears.