Anshadowxjaat

Ethereumis attempting to stabilize after its recent pullback, but the recovery so far lacks convincing strength. With price rejecting key levels and higher-timeframe risks still looming, $ETH finds itself at a critical decision point where the next structural move could define the short-term trend.

No 5-Wave Breakout, No Confirmation For Ethereum Yet

Ethereum continues to trade in a technically vulnerable zone. According to More Crypto Online, until the market prints a clear five-wave impulsive structure to the upside, or at a minimum breaks decisively above the weekend high, the probability of further downside under the outlined "orange scenario" remains elevated. Without that confirmation, the broader risk profile has not materially improved.

The bounce from last week's low, while noticeable, still carries a weak and corrective appearance. Momentum has not expanded in a way that would typically signal the start of a sustainable bullish reversal. Instead, the structure so far suggests a potential counter-trend move within a larger bearish or sideways framework.

That said, the current area on the chart is technically significant. Following the recent liquidation-driven decline, the price has reached a zone where markets often attempt to stabilize. Sharp flushes can sometimes mark exhaustion points, making it reasonable to stay alert for early reversal signals, particularly if sentiment has become overly pessimistic.

However, as More Crypto Online emphasizes, anticipation is not confirmation. The micro-structure now becomes critical. Only a shift toward impulsive upside behavior or a clear break of key resistance levels would validate a meaningful low.

$2,100 Rejection Signals Resistance Flip

Charting the daily timeframe for Ethereum, Luca, a market expert and investor, noted that while price has managed to bounce on the lower timeframes, the recovery has already faced rejection at a key former support zone around $2,100, highlighted in purple. This level previously acted as support but was lost during the recent decline, turning it into resistance on the way back up.

The inability to reclaim that range signals that upside momentum remains fragile. Until Ethereum can decisively flip the $2,100 area back into support, Luca believes the structure continues to favor caution rather than calling for a confirmed bottom.

As a result, the more probable path in his view is a continuation lower toward the higher-timeframe support zone marked in green. That area aligns with the early-April bottoming formation and could provide a stronger foundation for a more sustainable bullish reversal attempt.

Given this outlook, Luca explained that he is maintaining hedges on lower timeframes to manage downside exposure. Until clear strength emerges and key levels are reclaimed, protecting capital remains the priority.
#ETHUSDT. #CZAMAonBinanceSquare