Introduction
Ethereum is showing renewed selling pressure after failing to hold the higher levels around $1,900.
With ETH trading near $1,858, traders now face an important question:
Can the $1,842 support zone hold, or is Ethereum preparing for another leg lower?
ETH Technical Structure
The 4H chart currently favors the bears.
ETH rejected the $1,900 region and subsequently moved below several important moving averages. The 1H and 15M charts also show strong short-term selling pressure.
However, there is one important reason not to chase the current decline:
Price is already approaching support.
Key Ethereum Levels
Resistance: $1,868–$1,878
This is the main area I'm watching for a potential bearish retest.
Major Resistance: $1,900–$1,920
A recovery through this region would significantly weaken the bearish thesis.
Support: $1,842
This is the first major level bulls need to defend.
Major Support: $1,822
A decisive breakdown could open the door toward lower levels.
The Preferred Trade Setup
The preferred setup is a short on a confirmed retest of $1,868–$1,878.
Potential invalidation is around $1,891.
Targets:
TP1: $1,843
TP2: $1,823
TP3: $1,805
The key point is that this is a conditional setup, not a recommendation to blindly sell at the current market price.
Why Wait for the Retest?
Because risk management matters.
Selling after a sharp bearish candle can expose traders to a temporary relief bounce. Waiting for price to return to resistance allows the market to provide confirmation.
Don't chase the move. Let the market come to you.
Final Outlook
For now, ETH remains bearish below the $1,878–$1,891 region.
The $1,842 support is the immediate level to watch.
If support breaks decisively, $1,822 becomes the next major area.
If ETH instead reclaims $1,878 with strong volume, the bearish setup needs to be reassessed.
The market doesn't reward impatience. It rewards disciplined execution.
🐺 AltcoinWolF
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