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ETHUSD confirms bearish continuation toward lower support levels. From a technical standpoint, the market recently broke significant structural support levels, confirming multiple bearish order blocks (BOS) that reinforce the prevailing downtrend. A failed swing high near $4,750 marked the initial reversal, followed by a market structure shift (MSS) and a subsequent retest rejection around $4,060–$4,070. The recent rally toward the $3,820–$3,830 order block zone faced immediate rejection, emphasizing that sellers are actively defending this supply area. Price remains compressed beneath a well-defined resistance corridor, and until buyers achieve a clear break above $3,830, the bearish bias remains intact. The overall market behavior continues to signal distribution rather than accumulation
Looking ahead, ETHUSD is likely to extend its downward trajectory toward the next support zone around $2,850, and potentially $2,150 if bearish momentum accelerates. A minor consolidation phase above $3,500 could occur as short-term traders take profits, but the broader technical setup favors continued downside movement. For a structural reversal to occur, price would need to reclaim and stabilize above the $4,060 resistance area, which currently appears unlikely given weak momentum readings. Overall, the market outlook for Ethereum remains bearish, characterized by lower highs, failed recoveries, and reinforced selling pressure within the broader corrective cycle.
ETH Key Levels
Supply Levels: $4250, $4870, $5500
Demand Levels: $3530, $2860, $2150
What are the indicators saying?
ETHUSD currently exhibits a sustained bearish structure as downward momentum remains dominant below the short-term 9-day Simple Moving Average, positioned around $3,450. The price action has failed to sustain any meaningful recovery above this dynamic resistance, indicating that sellers continue to dictate market direction. The Relative Strength Index (RSI) hovers near 43, reflecting moderate bearish sentiment and showing limited signs of momentum reversal. This alignment between price and indicators suggests that the ongoing weakness could persist unless a strong bullish catalyst emerges to reclaim higher territory above $3,530.
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