Ethereum pressure is increasing as the ETHBTC pair breaks down from a major descending triangle structure. The weakening performance against Bitcoin suggests that bearish momentum could still dominate the market, leaving Ethereum vulnerable to deeper developments. withdrawals unless bulls quickly regain critical resistance levels.
ETHBTC trendline rejection keeps pressure on Ethereum
Crypto analyst Ardi recently pointed out that Ethereum remains weak against Bitcoin as ETHBTC continues to reject a major downtrend line. Repeated rejections of this structure increase the likelihood of Ethereum posting new cycle lows against the US dollar if broader market conditions weaken further.
Meanwhile, ETHBTC is starting to break away from its descending triangle support, indicating growing bearish pressure on the pair. The analyst also noted that Ethereum is currently trading lower than when BTC was hovering around $60,000, highlighting the extent of ETH’s relative underperformance in recent months. Based on the current structure, Ardi believes that if the crypto market experiences another broad-based decline, Ethereum could fall to a new low before Bitcoin even reaches the $60,000 level again.
Ethereum is currently above the cycle low it reached against Bitcoin in April last year, which represents the macro high low on the chart. As long as that support remains, Ardi believes ETH still has the potential to establish a broader upper-low structure and prepare for a possible reset as the next market cycle approaches.
Ethereum Pullback Remains Corrective Despite Near-Term Pressures
According to More Crypto Online, Ethereum short-term bearish pressure is still active, while the recent decline still appears corrective rather than the start of a stronger impulsive sell-off. While the broader market structure remains vulnerable, the analysts noted that there is still no confirmed evidence to suggest that a major long-term top has fully formed.
The expert explained that Ethereum could still attempt another upward move as long as the price action remains above the lower boundary of its current channel and remains within the active support zone. The immediate support levels are around $2,187 and $2,122. A successful bullish break above the USD 2,318 resistance area could open the way to the USD 2,646 region.
However, More Crypto Online warned that the outlook could turn significantly bearish if Ethereum breaks decisively below the lower channel support. Such a move would increase the likelihood that a larger market top is already in place and could shift attention back to the February lows.
For now, the structure still points to a corrective pullback rather than a confirmed trend reversal. Key support levels remain at $2,187, $2,122 and $2,037, while resistance is at $2,318 and $2,646. Until sellers produce a stronger collapse, Ethereum’s larger recovery structure remains technically alive despite continued weakness.