ETH is trading below the critical red support line with Y coordinate at -7, signaling weakness in the near term. What's more concerning is that most of the top 15 assets are also slipping below this red line simultaneously. The MACD indicator continues its downward trajectory, which typically confirms bearish momentum rather than reversal strength. With major players notably absent from the buying side, the market is showing unmistakable general selling pressure across the board. For traders monitoring broader market conditions, comparing this snapshot against historical stats and bubble patterns becomes essential to assess whether we're seeing a temporary pullback or the beginning of a deeper correction.