Global #bearish sentiment

The Ethereum (ETH) market has seen significant buying pressure from whales recently, yet price analysis indicates a possible bearish trend in the midterm. This contradictory situation has captured the attention of both investors and analysts, as they try to understand the mixed signals and predict ETH's future direction.

Bonk (BONK), the prominent meme coin, persists in following an upward trajectory within an ascending channel, even amid growing pessimism towards it in the market. Analyzing its essential indicators shows that there remains a consistent interest in the meme coin, notwithstanding some investors cashing out for profits.

Over the weekend, both the total crypto market cap (TOTAL) and the price of Bitcoin (BTC) paused their recent rally. While there's a slight upward movement indicated by the intra-day candlestick being green, the bearish sentiment from the past couple of days seems to persist, leading to minimal overall growth today.