Hot Features
Premium
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
ETHUSD maintains downside bias amid persistent structural deterioration. From a structural perspective, the pair has produced multiple breaks of structure (BOS) to the downside, following an earlier failed swing near $4,060 that marked the exhaustion of the prior bullish cycle. Subsequent bearish market structure shifts (MSS) have validated sellers’ dominance, particularly as price failed to reclaim the $3,530–$3,550 zone, which has since transitioned into a firm resistance layer. A notable supply block between $3,820 and $4,060 remains unmitigated, and price is respecting this zone as a tactical ceiling, where repeated rejections emphasize the prevailing bearish order flow. The consistent formation of lower highs and lower lows signals that the asset is operating within a sustained distribution phase.
Looking ahead, unless ETHUSD can secure a decisive break and daily close above $3,550, bearish continuation remains the higher-probability trajectory. Immediate downside targets lie near $2,860, aligning with a key liquidity zone where prior reactions occurred. Should selling pressure accelerate from this region, ETHUSD could extend its decline toward $2,150, corresponding with a major structural support level from earlier in the yearly cycle. In a more protracted bearish scenario, price may even reach the deeper support band around $1,870.
ETH Key Levels
Supply Levels: $3530, $4250, $4870
Demand Levels: $2860, $2150, $1870
What are the indicators saying?
ETHUSD continues to exhibit a broadly bearish tone, with price action consistently trading below the 9-period SMA on the daily chart, reinforcing the loss of upward momentum seen over recent weeks. The MACD remains deeply negative, indicating subdued buying pressure and a widening gap between the MACD line and the signal line. This alignment between momentum indicators and trend metrics reflects a market that is struggling to establish any meaningful recovery.
Learn from market wizards: Books to take your trading to the next level
