Ethereum price is trending downward without reaching a new record high, raising concerns that the bull run may be over. 📉

- ETH could fall below the $3,500 resistance and drop towards the $3,000 support area. However, if it stays above the 200-day moving average, the overall market trend is still bullish.

- Taker Call Rate shows that selling pressure in the futures market is more effective than in the spot market. This could make it difficult for the market to recover. 🔍