#以太坊大户持仓变化 $BTC $ETH Looking at the current chart, the Bollinger Bands are expanding downward, with both the upper and lower bands falling—this is a typical bear market signal. Although the MACD green bars are slightly narrowing, the dual lines are still below the zero axis. In simple terms, the downward momentum is temporarily easing, and there are no signs of a true reversal yet.

On-chain data doesn't look very promising; there’s no obvious influx of funds from large investors, and regulatory oversight is still in the observation period. No positive news has been seen. The market is currently lacking a strong catalyst.

In the short term, the probability of continued sideways and downward movement remains high. The key focus should be on the 89,500 to 89,000 range, watching whether the support here can hold—this level's performance will be quite critical.