ETHUSD Shows Bearish Momentum With Potential Further Downside Risk

ETHUSD shows bearish momentum with potential further downside risk. Price action indicates a clear break below the previous trendline support, which has now turned into resistance. The price is hovering around $1,890, with a bearish structure confirmed by lower highs and lower lows. There is an unmitigated buy-side liquidity (BSL) zone around $2,150, which could act as a temporary retracement point before further declines.

 

In the short term, a corrective move toward $2,150 is possible to retest the broken support before resuming the bearish trend. If the price fails to break above $2,150, the next downside target lies at the $1,530 support zone. A deeper drop toward $1,370 may occur if bearish momentum accelerates, with $880 acting as a long-term support level if the decline continues.

ETH Key Levels

Supply Levels: $2860, $4110, $4870
Demand Levels: $2150, $1530, $880

What Are the Indicators Saying?

The 9-day Simple Moving Average (SMA) at $2,000 is currently above the price, acting as dynamic resistance and reinforcing the bearish outlook. The Relative Strength Index (RSI) is at 33.0, signaling that the market is nearing oversold conditions but still has room for further downward movement. Due to the bears’ dominance, the RSI has barely surpassed the 50.0 level since December 2024. With the RSI remaining below the neutral 50.0 level, the selling pressure continues to dominate the market.

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