Ethereum is showing a very weak structure on the H4 chart as price continues forming lower highs and lower lows after breaking down below the 2,300 USD zone. What stands out to me is that every recent rebound has been weak and quickly sold off again, suggesting that larger capital still has no interest in returning to the market yet.
After the sharp drop toward 2,080 USD, ETH started attracting some dip buyers, helping price rebound slightly toward the 2,120 USD area. However, based on current price action, this still looks more like a technical bounce rather than a true reversal.
EMA34 has now crossed clearly below EMA89, while both moving averages continue sloping downward aggressively. This type of structure often signals that the market is entering a distribution phase or short-term downtrend rather than a normal correction.
The key zone I’m watching right now is 2,150 – 2,180 USD. If ETH fails to reclaim this area, there is a strong possibility the market could continue moving lower to retest the 2,080 USD bottom. Once this support breaks, panic-selling pressure could drag Ethereum quickly toward the 2,000 USD level.
One important point is that ETH currently looks significantly weaker than Bitcoin. While BTC is still holding inside a larger consolidation range, Ethereum keeps losing important support zones. This suggests speculative capital is rotating out of altcoins before potentially returning to safer assets within the crypto market.
After the sharp drop toward 2,080 USD, ETH started attracting some dip buyers, helping price rebound slightly toward the 2,120 USD area. However, based on current price action, this still looks more like a technical bounce rather than a true reversal.
EMA34 has now crossed clearly below EMA89, while both moving averages continue sloping downward aggressively. This type of structure often signals that the market is entering a distribution phase or short-term downtrend rather than a normal correction.
The key zone I’m watching right now is 2,150 – 2,180 USD. If ETH fails to reclaim this area, there is a strong possibility the market could continue moving lower to retest the 2,080 USD bottom. Once this support breaks, panic-selling pressure could drag Ethereum quickly toward the 2,000 USD level.
One important point is that ETH currently looks significantly weaker than Bitcoin. While BTC is still holding inside a larger consolidation range, Ethereum keeps losing important support zones. This suggests speculative capital is rotating out of altcoins before potentially returning to safer assets within the crypto market.
Trade active
Join our group and unlock real-time Forex, gold, and crypto signals — sharp insights, fast alerts, and opportunities you don’t want to miss.
Join now: t.me/+laboc_IsvmUwNzU1
Join now: t.me/+laboc_IsvmUwNzU1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our group and unlock real-time Forex, gold, and crypto signals — sharp insights, fast alerts, and opportunities you don’t want to miss.
Join now: t.me/+laboc_IsvmUwNzU1
Join now: t.me/+laboc_IsvmUwNzU1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.