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ETHUSD market sustains bearish outlook amid growing downside momentum. From a structural perspective, ETHUSD has broken a key support region near $3,830, validating a “Break of Structure” (BOS) that confirms bearish continuation. The price retested this zone, now acting as a supply or order block area, before resuming its decline. This technical rejection from $3,83 reinforces the presence of strong institutional selling interest at that level. A visible Market Structure Shift (MSS) occurred after a failed swing high, where bullish attempts were exhausted below $4,070. These successive lower highs and lower lows clearly define a distribution phase, signaling that the market is preparing for a deeper retracement in the broader trend cycle.
Looking ahead, the next critical support zone lies around $2,860, where short-term buyers may attempt a temporary defense. However, sustained bearish momentum could drive prices lower toward $2,150 if market liquidity continues to favor the downside. Unless Ethereum reclaims and consolidates above $3,830, the bearish sentiment will likely persist, reinforcing expectations of further depreciation. The overall market tone suggests a continuation of selling rallies rather than accumulation, as technical indicators and price behavior both align toward a deeper correction phase in the coming sessions.
ETH Key Levels
Supply Levels: $4250, $4870, $5500
Demand Levels: $3530, $2860, $2150
What are the indicators saying?
Ethereum continues to exhibit a notable bearish structure on the daily timeframe as sellers maintain firm control below the 9-day Simple Moving Average, currently positioned near $3,670. The pair has recorded consistent lower highs since failing to sustain above the $4,250 mark, confirming a weakening momentum across mid-term outlooks. Additionally, the MACD indicator reinforces this downtrend, with both signal lines trending below zero and widening histogram bars suggesting persistent bearish pressure. The sentiment appears to be leaning toward capital preservation as market participants anticipate further downside in line with prevailing risk aversion.
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