#ETH It doesn't matter how long I talk, I boldly went in. I've been saying fall, fall, fall in front of me. I don't know if everyone has bought it!!!

Core support zone: $3,649 fall.
This price range has been mentioned multiple times and is an important on-chain cost support area. If the price of Ethereum can stabilize above this area, it may attract buyers to enter the market, thereby pushing the price to rebound towards $3,899 or even higher levels.

Bearish target: $2,870
This is the theoretical target for the descending triangle pattern. If the key support level (such as $3,600) is confirmed to be broken, then there is a risk of the price further falling to $2,870.

The technical aspect forms a descending triangle bearish pattern; a death cross signal has appeared (fall)

Funding situation: institutional demand cools down, and spot ETFs have seen a net outflow for three consecutive days; perpetual contract funding rates turn negative (bearish)

Market sentiment: A large amount of long leverage in the derivatives market has been liquidated; bearish options positions have increased (bearish)

External event: Balancer protocol suffers a hacker attack, with losses exceeding 100 million USD; Fed's hawkish remarks impact the market (fall)