#ETHTrendAnalysis #ETH🔥🔥🔥🔥🔥🔥 $ETH Major high: ~4,956
Current price: ~1,973
Trend: Strong macro downtrend (lower highs + lower lows)
After topping near 5K, ETH has:
Broken below the 25 MA
Lost the 99 MA
Made a sharp selloff to the 1,900s
This confirms bearish structure on higher timeframe.
Momentum & Behavior
Recent candles show a sharp capitulation drop
Small bounce forming around ~1,900–2,000
Likely a relief bounce unless structure changes
Volume spike suggests panic selling → sometimes leads to short-term bounce.
Key Levels
Support:
1,900 (current reaction zone)
1,750 psychological
1,385 (previous major low)
If 1,900 breaks cleanly → next leg down likely.
Resistance:
2,150 (MA7 area)
2,800 (major breakdown zone)
3,250 (MA99)
Any bounce into 2,100–2,200 may face heavy selling pressure.
Bullish Scenario
Reclaim 2,150
Break above 2,800
Form higher low above 2,000
Until that happens → rallies are likely relief rallies.
Bearish Scenario (More Probable Currently)
Weak bounce
Lower high forms under 2,200
Breakdown below 1,900
Possible move toward 1,700–1,400 zone
Summary
Macro trend: Bearish
Short-term: Oversold bounce possible
Confirmation of reversal: Not yet