Ethereum shows bearish signals with price divergence and support break, hinting at a possible new dip.

Ethereum's Exchange Supply Ratio has dropped to historically low levels, signaling reduced selling pressure, but the price has not yet formed a bottom, creating a concerning divergence. Historically, such gaps tend to resolve with a downward price move rather than a ratio recovery. Additionally, Ethereum has broken below its 1-Day Bull Market Support Band, a key reversal zone, increasing the risk of further declines. Analysts are closely watching the $2,150 support level as a potential entry point for spot positions, but the current signals suggest a new dip may be imminent until the price recovers above the support band.