ETH market sentiment remains weak. After two days of adjustment, it has failed to hold above the 2100 level. On the daily chart, the moving averages are positioned below the 50-day and 100-day lines, forming a bearish alignment indicative of an established downtrend. The daily RSI is below the 50 neutral level and daily momentum remains sluggish, with no clear bottom reversal signals emerging. Additionally, the MACD is below the zero line and in bearish territory, indicating that bearish momentum is strengthening, with significant short-term pullback pressure.

Therefore, it is highly likely that ETH will continue attempting to probe lower. As long as it remains suppressed below the 2120 resistance zone, bears will maintain control. If the 2025-2000 range is broken on volume, the downtrend will persist, with targets pointing toward 1965 and possibly lower support levels.