The 1-hour chart of ETH shows a strong short positions trend, currently operating at the lower band of the Bollinger Bands. The MACD death cross continues to expand, and the TD indicator is in the oversold counting phase. The bearish dominance is clear, and there is still a possibility of a continuation of the downward trend. If the support at the 3590 level is broken, it may dip further, and caution is needed regarding the limited nature of any rebound correction.

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