Ethereum’s Descent Through the Technical Storm: Patience Before the Reversal.
Today’s Ethereum analysis reflects relentless bearish pressure across all major timeframes. Since yesterday’s session, sellers have maintained full control, sending prices steadily lower beneath all significant moving averages. Chart readings showed consecutive failures at resistance, with each rally attempt being capped by strong sell flows and confirming the dominance of bears. Momentum indicators were aligned in their pessimism: both MACD and RSI returned strongly negative scores for every intraday window and on the daily, reinforcing a lack of buying pressure or meaningful recovery setups.
The Stoch RSI remained locked in oversold throughout the short and medium ranges. CMF readings oscillated between slightly negative and flat values, which created little opportunity for any bullish divergence or hint of sustained demand. Based on the DEMA method and labels visible on the analyzed charts, the region around 3,765 is the main structural support, coinciding with multiple moving averages and previous inflection points.
If that zone gives way on a closing basis, the next logical targets fall to 3,700, 3,500, and possibly as deep as 3,350, as detailed by both current session lows and historic demand. However, pure trend analysis warns that the odds of a resounding recovery remain slim as long as moving averages continue to slope down and momentum indicators do not break back above their respective midlines.
Compared to yesterday, the market not only failed to signal bottoming characteristics but in fact confirmed acceleration to the downside. The prudent strategy remains strict patience—resist opening fresh shorts at these deeply oversold levels but also avoid bottom fishing for longs until the momentum picture materially changes. Only a multisession close above first resistance or a clear bullish reversal trigger would change the tone. The overall direction for the next 24-48 hours is neutral-to-bearish with all eyes on the 3,765 support. New signals or drastic shifts in global market sentiment would be required for immediate reversal, which are currently lacking.
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ETH/USDT Perpetual (Bybit)
Technical Analysis for ETH/USDT.P
Advanced Chart for ETH/USDT.P
This chart visually represents the consensus indicator scores across all analyzed timeframes, providing a clear, at-a-glance view of the prevailing market sentiment.
-1 = Bearish 🧸 ,+1=Bullish 🐂 ,+-0.5 weak Bullish/Bearish , 0(0.5-0.5) = Neutral
This chart plots the key price levels—floor, resistance, and ceiling—that we identified for each timeframe. It helps in visualizing the critical support and resistance zones.
Disclaimer
The content in this publication is for informational and educational purposes only and does not constitute financial, investment, or trading advice. I am not a licensed financial advisor.
Any opinions, strategies, or analyses shared reflect my personal views and experiences. I may hold positions in the cryptocurrencies mentioned (e.g., BTC, ETH, SOL), which could influence my perspective.
Cryptocurrency markets are highly volatile and involve significant risk. Always do your own research and consult a licensed financial advisor before making any investment decisions.
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