ETH Breaks Structure! Are the Bears Back in the Race?

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Ethereum (ETH) is entering a sensitive phase as overall market sentiment turns more cautious following recent declines across the crypto market. While it remains the leading platform for tokenization and DeFi, short-term selling pressure is becoming increasingly evident — especially as speculative capital shifts toward safer assets.

On the daily chart, ETHUSDT remains inside a medium-term descending channel, with every rebound quickly rejected at the dynamic resistance line. Price is currently trading around $3,480, signaling a weak recovery attempt while momentum remains trapped below the Ichimoku cloud.

The current scenario suggests that ETH could retest the $3,800 resistance zone before continuing its move lower toward $2,900 and $2,500 — both aligning with the lower boundary of the channel and a strong support area from previous price action.

Overall, the primary trend remains bearish, and any short-term bounce is likely just a technical pause before renewed selling pressure. In the short run, the bears are clearly still in control.

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