Ethereum (ETH) Down 5% — What’s Next?

Ethereum (ETH) has been moving lower for four consecutive days, reflecting renewed short-term selling pressure after recent recovery attempts. The latest decline suggests that buyers may be losing momentum, while sellers continue to defend key resistance areas.

Recent price action raises the question of whether Ethereum is entering a deeper corrective phase or whether the current weakness may remain limited within the broader market structure.

Ethereum technical analysis

ETHUSD - 4 Hour Time Frame

From a technical perspective, Ethereum is currently forming lower highs and lower lows on the 4-hour timeframe, indicating the development of an internal bearish structure. The market also remains below several nearby resistance zones, which continue to define the short-term bearish framework.

Recent recovery attempts have struggled to establish sustained acceptance above resistance levels, suggesting that sellers may still be controlling short-term price action. As long as Ethereum remains below these resistance areas, downside pressure could continue to influence market direction.

The key resistance zone to monitor is located near $2,180. A sustained move above this level could weaken the current bearish structure and suggest improving momentum. On the downside, the nearest levels to monitor are located around $2,060, followed by $2,015, $1,915, and $1,800. These areas may act as potential support zones if selling pressure persists.

Ethereum price target

If Ethereum continues to respect the current bearish structure, price could gradually move toward $2,060 as the first downside objective. Additional weakness may shift focus toward $2,015, with further downside potentially exposing $1,915 and $1,800.

Conversely, if buyers regain control and Ethereum manages to establish sustained acceptance above the key resistance near $2,180, the current bearish setup could weaken significantly. Such a move may suggest that short-term selling pressure is fading and that the market could attempt to build a more constructive structure.

From a broader perspective, Ethereum remains under short-term bearish pressure, with current market behavior continuing to favor caution. Confirmation of stronger recovery momentum would likely require sustained moves above nearby resistance zones and improving sentiment across the broader cryptocurrency market.

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