$ETH ETH Yesterday 2725 broke through resistance but failed again. Price has since fallen back into the original descending structure. The MACD on the 4H and 1H continues to form a bearish crossover; bearish candles on the 4H have also reappeared with signs of expansion. Combine this with the fact that BTC has already closed with its body below the 4-hour structure’s bottom—if BTC cannot quickly reclaim it, the likelihood of ETH continuing to underperform and catch up with a further drop is clearly higher. Therefore, the current strategy can shift from the previous range-bound wait-and-see to a rebound-biased bearish approach.
For the short term, pay special attention to resistance zones at 2670—2680 → 2690—2705. The 2670—2680 area has now become the first resistance zone. If a rebound reaches here and you see 15M sluggish movement, a long upper wick, or the re-formation of an LH (lower high), that can serve as the first bearish trigger. If price holds back above 2680, then wait for the 2690—2705 zone instead. Only if there is strong volume and price reclaims 2705, and then further recovers 2725, will the current bearish structure be clearly invalidated.
On the downside, watch levels in sequence: 2640 → 2610—2605 → 2550. Losing 2640 would indicate that the 4H correction continues to spread lower. Around 2605 is still the key defensive structure for medium-term bulls. If 4H breaks below 2605 with volume and the subsequent retest cannot be reclaimed, then the earlier head-and-shoulders top plus the descending structure would be further confirmed. In that case, 2550 would likely return to the testing range; if 2550 breaks again, then look next at 2535—2500.
BTC breaks the structure and ETH falls back into the descending structure again—this makes short-term bearish pressure dominant below 2705, with rebound sells as the main play. Breaks below 2640 point to 2605; if 2605 breaks as well, the adjustment degree will expand further.
For the short term, pay special attention to resistance zones at 2670—2680 → 2690—2705. The 2670—2680 area has now become the first resistance zone. If a rebound reaches here and you see 15M sluggish movement, a long upper wick, or the re-formation of an LH (lower high), that can serve as the first bearish trigger. If price holds back above 2680, then wait for the 2690—2705 zone instead. Only if there is strong volume and price reclaims 2705, and then further recovers 2725, will the current bearish structure be clearly invalidated.
On the downside, watch levels in sequence: 2640 → 2610—2605 → 2550. Losing 2640 would indicate that the 4H correction continues to spread lower. Around 2605 is still the key defensive structure for medium-term bulls. If 4H breaks below 2605 with volume and the subsequent retest cannot be reclaimed, then the earlier head-and-shoulders top plus the descending structure would be further confirmed. In that case, 2550 would likely return to the testing range; if 2550 breaks again, then look next at 2535—2500.
BTC breaks the structure and ETH falls back into the descending structure again—this makes short-term bearish pressure dominant below 2705, with rebound sells as the main play. Breaks below 2640 point to 2605; if 2605 breaks as well, the adjustment degree will expand further.
