ETH continues showing a bearish structure on the H4 chart after breaking below the 2,300 USD zone.
Price is forming lower highs and lower lows, while recent rebounds remain weak and quickly face selling pressure. After dropping toward 2,080 USD, ETH bounced slightly back to 2,120 USD, but the move still looks like a technical rebound rather than a confirmed reversal.
EMA34 has crossed below EMA89, and both EMAs are sloping downward — a signal that the market may be entering a short-term downtrend or distribution phase.
The key resistance zone is 2,150 – 2,180 USD. If ETH fails to reclaim this area, price could retest 2,080 USD and potentially fall toward 2,000 USD if panic selling accelerates.
Compared with Bitcoin, Ethereum currently looks much weaker, suggesting speculative money is leaving altcoins first.
Price is forming lower highs and lower lows, while recent rebounds remain weak and quickly face selling pressure. After dropping toward 2,080 USD, ETH bounced slightly back to 2,120 USD, but the move still looks like a technical rebound rather than a confirmed reversal.
EMA34 has crossed below EMA89, and both EMAs are sloping downward — a signal that the market may be entering a short-term downtrend or distribution phase.
The key resistance zone is 2,150 – 2,180 USD. If ETH fails to reclaim this area, price could retest 2,080 USD and potentially fall toward 2,000 USD if panic selling accelerates.
Compared with Bitcoin, Ethereum currently looks much weaker, suggesting speculative money is leaving altcoins first.
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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.