ETH is so weak, I don’t even feel like talking about it anymore. It peaked at 3650 and started dropping all the way down to 3460, reaching the rebound point from the October 11th dip. This is also near the cost price for those who bought in at the previous low. The market has been completely flat, yet it keeps dropping, wiping out wave after wave of longs. But looking at the funding rate now, it’s still positive... Seems like the longs haven’t given up yet, hoping for an oversold rebound after the crash. Currently, the price is consolidating around 3500. If it can pump, that’d be great. But the fear is that this might just be a continuation of the downtrend.