ETH capital is overall net outflow, with only a slight net inflow, and capital support is extremely weak.

With POS inflation’s sell pressure layered on top, rebound momentum is seriously insufficient.
Weekly dead cross, insufficient bottom consolidation, and it’s hard to reverse in the short term.
On the daily chart, a bearish descending wedge is forming; a breakdown points to 1700.
On the 4-hour chart, it is building an M top, with highs and lows continuously moving lower.
The larger trend is downward—any rebound is a chance to short; enter a short position around 2150.