ETH still stuck in a downtrend – Watch out for a deeper breakdow
ETH is facing heavy pressure from the market. In just a few days, the coin has dropped over 9% after a wave of long liquidations triggered broad sell-offs. This time, ETH took the lead, contributing to more than $1.5 billion in liquidations — a clear signal that market sentiment remains extremely fragile. On top of that, institutional outflows from ETFs have only intensified the selling pressure.
On the 4H chart, ETHUSDT remains firmly within a downtrend. Every bounce attempt stalls around the $4,063 zone, immediately getting rejected, showing sellers are still in full control. The key support now sits at $3,740 — if price slides back here, it will test whether ETH has enough strength to rebound or risks breaking down further.
In short, both news flow and technicals favour the bearish case. As long as ETH fails to break above $4,063, the odds remain high that the price will stay under pressure and continue sliding towards lower support levels.
On the 4H chart, ETHUSDT remains firmly within a downtrend. Every bounce attempt stalls around the $4,063 zone, immediately getting rejected, showing sellers are still in full control. The key support now sits at $3,740 — if price slides back here, it will test whether ETH has enough strength to rebound or risks breaking down further.
In short, both news flow and technicals favour the bearish case. As long as ETH fails to break above $4,063, the odds remain high that the price will stay under pressure and continue sliding towards lower support levels.
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