If the ETHBTC pair breaks out of the key descending triangle structure, pressure will increase on Ethereum. The poor performance against Bitcoin suggests that bearish momentum may still dominate the market, leaving Ethereum vulnerable to even more severe impacts. pull back Unless the bull regains significant resistance levels soon.
Pressure on Ethereum continues as ETHBTC trendline rejects
Crypto analyst Aldi recently pointed out Ethereum continues to face weakness against Bitcoin as ETHBTC continues to reject the major downtrend line. This repeated rejection from the structure increases the likelihood of Ethereum hitting new cycle lows versus the USD if broader market conditions deteriorate further.
Meanwhile, ETHBTC has started to break out of descending triangle support, suggesting that bearish pressure on ETHBTC is increasing. of analyst He also points out that Ethereum is currently trading lower than when Bitcoin was hovering around $60,000, highlighting the extent to which it is trading. $ETHhas performed relatively poorly in recent months. Based on the current structure, Aldi believes that if the crypto market experiences another significant decline, Ethereum could fall to new lows before that happens. Bitcoin It may even revisit the $60,000 level.
Ethereum is currently trading above the cycle low set for Bitcoin last April, which represents a macro low on the chart. As long as that support continues, Aldi believes $ETH There is still potential to establish a broader high-low structure and prepare for a possible reset as the next market cycle approaches.
Despite short-term pressure, Ethereum pullback remains corrective
According to More Crypto Online, Ethereum’s near-term bearish pressure remains active, but the recent decline still appears to be a correction rather than the beginning of a stronger impulsive decline. Analysts noted that while the broader market structure remains fragile, there is no evidence yet to suggest that a major long-term top is fully formed.
The expert explained that as long as the price movement remains above the lower bound of the current channel and remains within the active support zone, Ethereum could attempt further upside. Immediate support levels are around $2,187 and $2,122. successful bull happen A break above the $2,318 resistance area could pave the way to the $2,646 area.
However, More Crypto Online warned that the outlook could become significantly bearish if Ethereum decisively breaks below lower channel support. Such a move could raise the possibility that a larger market upside is already in place and shift attention back to the February lows.
For now, this structure still indicates a correctional pullback rather than a confirmed trend reversal. Key support levels remain at $2,187, $2,122, and $2,037, with resistance at $2,318 and $2,646. Ethereum price continues to grow until sellers provide stronger breakdown recovery Despite continued weakening, the structure technically remains alive.
