Ethereum pressure is mounting as the ETHBTC pair breaks out of the main descending triangle structure. The poor performance against Bitcoin suggests that bearish momentum may still dominate the market, leaving Ethereum vulnerable to further deterioration. Retractions Unless the bulls quickly regain critical resistance levels.
ETHBTC trendline rejection keeps pressure on Ethereum
Ardi cryptoanalyst recently He pointed out Ethereum continues to face weakness against Bitcoin as ETHBTC continues to reject the key downtrend line. Repeated rejection of this structure increases the likelihood of Ethereum printing new session lows against the US dollar if broader market conditions weaken further.
Meanwhile, ETHBTC is starting to break down from the descending triangle support, indicating increasing bearish pressure on the pair. the analyst He also noted that the price of Ethereum is currently trading at a lower level than when Bitcoin was hovering around the $60,000 region, highlighting how relatively poorly Ethereum has performed in recent months. Based on the current structure, Ardi believes that if the cryptocurrency market sees another broad decline, Ethereum could fall to new lows before then. Bitcoin So reconsider the $60,000 level.
Ethereum is currently sitting above the cycle low it recorded against Bitcoin in April of last year, which represents the overall higher bottom on the chart. As long as this support continues, Ardi believes that ETH still has the potential to create a broader top-to-bottom structure and prepare for a potential reset as the next market. Cycle approach.
Ethereum’s decline remains corrective despite short-term pressures
according to More Cryptocurrencies Online The short-term bearish pressure on Ethereum remains active, while the recent decline still looks corrective rather than the start of a stronger impulsive sell-off. While the broader market structure remains fragile, analysts noted that there is still no firm evidence to suggest that a major long-term top has fully formed.
The expert explained that Ethereum can still attempt an upward move again as long as the price action remains above the lower limit of its current channel and continues to hold within the active support zone. Immediate support levels are located around $2,187 and $2,122. Successful ascension Go Above the $2,318 resistance area could open the way towards the $2,646 area.
However, More Crypto Online warned that the outlook could turn significantly bearish if Ethereum decisively breaks below the lower channel support. Such a move would increase the likelihood of a larger top already in the market and could shift attention back toward the February lows.
Currently, the structure still indicates a corrective pullback rather than a confirmed trend reversal. Key support levels remain at $2,187, $2,122, and $2,037, while resistance stands at $2,318 and $2,646. Until sellers produce a stronger collapse, Ethereum is larger restoration The technical structure is still alive despite continued weakness.
