Eth Looks Weak. Bearish Continuation IncomingEthereum / U.S. dollarBITSTAMP:ETHUSDHotsauceShoTYMEETH continues to respect the larger monthly log-scale macro channel, but the lower time frames are beginning to show signs of structural weakness. Price recently fell out of the smaller upward-sloping micro channel after multiple failed breakout attempts. What stands out most to me is the high-volume bounce off the inner lower band of the macro channel, only to find rejection attempting to re-enter the micro channel directly at the 8 EMA trendline. That rejection suggests the bounce lacked true momentum sponsorship and may have been more of a liquidity reaction than a sustainable reclaim. Volume Profile is also interesting here. There is a significant area of traded volume around the 2060 region, which is likely acting as the current battleground. If that area fails with acceptance below, the next notable high-volume region sits down in the 1940s, which also lines up closely with the lower outer band of the macro channel (thick green line). That area could become the next major support and bounce zone if price continues lower. Momentum indicators are not helping bulls much right now either. RSI remains below my bullish control thresholds and has struggled to reclaim momentum despite recent bounce attempts. MACD continues to show weak recovery characteristics rather than a convincing trend reversal. At the moment, this still looks more like bearish continuation inside a larger macro bullish structure than a confirmed bottoming process.