$ETH Yesterday, 2725 broke through the pressure and then failed again. It has now fallen back into the original downward structure. The 4H and 1H MACDs are continuing to form a bearish cross, and the 4H bearish candles are showing signs of renewed expansion. Coupled with the fact that BTC has already closed below the 4-hour structure’s bottom, if BTC cannot quickly reclaim it, the probability of further downside for ETH is clearly higher. The current strategy can shift from the previous range-bound wait-and-see to a rebound-leaning bearish approach.
For the short term, pay close attention to the upside zones: 2670—2680 → 2690—2705. 2670—2680 has become the first key resistance. If price rebounds into this area and shows 15M stall action, a long upper wick, or a fresh formation of LH, it can serve as the first bearish trigger. If it regains and holds above 2680, then watch 2690—2705 later. Only when there is volume and a clear re-settlement back above 2705, followed by further reclaiming 2725, will the current bearish structure be meaningfully invalidated.
On the downside, watch in order: 2640 → 2610—2605 → 2550. If 2640 breaks, it indicates that the 4H correction will keep spreading. Near 2605 remains the most important structural defense for the medium-term bulls. If 4H breaks below 2605 with volume and the subsequent retest cannot be reclaimed, the earlier head-and-shoulders top plus the descending structure will be further confirmed. In that case, 2550 is likely to return to the testing range; if 2550 breaks again, then focus will shift to 2535—2500.
For the short term, pay close attention to the upside zones: 2670—2680 → 2690—2705. 2670—2680 has become the first key resistance. If price rebounds into this area and shows 15M stall action, a long upper wick, or a fresh formation of LH, it can serve as the first bearish trigger. If it regains and holds above 2680, then watch 2690—2705 later. Only when there is volume and a clear re-settlement back above 2705, followed by further reclaiming 2725, will the current bearish structure be meaningfully invalidated.
On the downside, watch in order: 2640 → 2610—2605 → 2550. If 2640 breaks, it indicates that the 4H correction will keep spreading. Near 2605 remains the most important structural defense for the medium-term bulls. If 4H breaks below 2605 with volume and the subsequent retest cannot be reclaimed, the earlier head-and-shoulders top plus the descending structure will be further confirmed. In that case, 2550 is likely to return to the testing range; if 2550 breaks again, then focus will shift to 2535—2500.
