ETH is under heavy pressure, trading around $1,958 (down 6.4% 24h, down 6.3% 7d, ~40% last month). Spot volume rose 34% to $31B while derivatives volume rose 18% to $40B but open interest fell 7% to $23B, signaling position closures. Binance’s 30‑day taker buy/sell ratio hit 0.97 (lowest since Nov. 2025), indicating aggressive selling. Technically ETH is below the 20‑day MA, RSI ~32–33, Bollinger Bands widened; $1,900 is pivotal support and a decisive break could target $1,600–$1,650.

Price down 6.4% (24h) with rising spot volume (+34%) and rising derivatives volume (+18%) but falling open interest (-7%) indicates selling and position liquidation; Binance 30‑day taker buy/sell ratio at 0.97 (lowest since Nov. 2025) shows net aggressive sell orders; technicals (below 20‑day MA, RSI ~32–33, widened Bollinger Bands) and $1,900 support level justify bearish outlook and short‑term downside target of $1,600–$1,650.