Ethereum
Short

ETHEREUM CONTINUES LOWER — STRUCTURE CONFIRMED, $1,303 TARGET

249
Ethereum has broken down from another short-term M-formation.

It remains below the 20 and 200 moving averages, keeping bearish momentum toward ~$1,303 intact.

Previous Breakdown Worked:
The earlier bearish setup has already seen acceleration lower — weakness validated the pattern.

Regulatory Pressure:
Ongoing regulatory scrutiny and enforcement actions (SEC, CFTC) have dampened institutional participation in crypto markets.

Liquidity Tightness:
Broader risk-off sentiment and tighter liquidity conditions are reducing speculative capital flowing into crypto.

BTC Correlation:
Bitcoin weakness continues to drag altcoin markets lower, amplifying downside pressure on ETH.

AI & Tech Rotation:
Tech sell-offs on AI profit-taking views have spilled into crypto, reducing appetite for risk assets.

So, initially I said I would buy Ethereum at $2,000 when it was way up at $4,000 but now that the trend remains down I think we'll wait for a STRONG uptrend breakout. And the price needs to be above both 20 and 200MA before I think of longs again.

What do you think?

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