Ethereum is showing a typical bearish-trend structure: price is no longer collapsing aggressively, but it also lacks enough strength to form a real recovery. Despite several attempts to rebound, ETH remains below both the EMA34 and EMA89, showing that larger capital has not yet returned to the buy side.
The key area is $1,590–1,600, which continues to act as a short-term ceiling. Each time ETH approaches this zone, selling pressure appears and pushes price lower again. This suggests sellers are still using rebounds to add positions rather than stepping away.
If ETH remains below this resistance, price may soon retest the $1,550 zone. A break below that level could extend the decline toward $1,500, where buyers previously reacted.
For now, the H4 structure still shows no reliable reversal signal. The preferred scenario remains bearish continuation until ETH can reclaim the resistance above.
The key area is $1,590–1,600, which continues to act as a short-term ceiling. Each time ETH approaches this zone, selling pressure appears and pushes price lower again. This suggests sellers are still using rebounds to add positions rather than stepping away.
If ETH remains below this resistance, price may soon retest the $1,550 zone. A break below that level could extend the decline toward $1,500, where buyers previously reacted.
For now, the H4 structure still shows no reliable reversal signal. The preferred scenario remains bearish continuation until ETH can reclaim the resistance above.
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