Following the approval of the spot Ethereum ETF, the cryptocurrency market experienced a surge in bullish sentiment that couldn't breach the crucial $4,000 resistance level. This led to a 6% price decline accompanied by reduced trading volume, prompting doubts about the rally's sustainability. Technical indicators, like the on-balance volume and MACD, point towards a potential bearish trend shift. The market's sluggish activity, with limited movement from both bullish and bearish sides, raises uncertainties about future market directions. While Ethereum's price currently hovers above the support zone, decreased volume and volatility suggest a short-term bearish outlook. The bearish divergence in the on-balance volume indicates a looming downward pressure and possible price drops.