Ethereum remains under strong selling pressure.
After losing its ascending channel and failing to reclaim $4,000, momentum has clearly shifted in favor of the bears.
The market is now forming lower highs and showing no signs of strength recovery.
📉 Market Outlook
Price action remains heavy below $4,000–$4,200 resistance.
Current supports: $3,800, $3,400, and $3,200 — all potential short-term reaction zones, not reversal points.
Breaking below $3,800 would likely trigger continuation toward $3,200–$2,800.
Volume structure confirms distribution — no demand yet visible from buyers.
🚫 No Long Positions Recommended
The market is still in a corrective phase; long setups carry high risk.
Until ETH reclaims strong structure, short-term rallies are expected to be sold into.
⚖️ Summary
Bearish momentum dominates while below $4,000.
Patience and discipline are key — avoid counter-trend trades in this environment.
❗ Not financial advice — just my personal market view.
After losing its ascending channel and failing to reclaim $4,000, momentum has clearly shifted in favor of the bears.
The market is now forming lower highs and showing no signs of strength recovery.
📉 Market Outlook
Price action remains heavy below $4,000–$4,200 resistance.
Current supports: $3,800, $3,400, and $3,200 — all potential short-term reaction zones, not reversal points.
Breaking below $3,800 would likely trigger continuation toward $3,200–$2,800.
Volume structure confirms distribution — no demand yet visible from buyers.
🚫 No Long Positions Recommended
The market is still in a corrective phase; long setups carry high risk.
Until ETH reclaims strong structure, short-term rallies are expected to be sold into.
⚖️ Summary
Bearish momentum dominates while below $4,000.
Patience and discipline are key — avoid counter-trend trades in this environment.
❗ Not financial advice — just my personal market view.
Trade active
Are You Ready!!!!???Trade closed: target reached
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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.
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.