Ethereum (ETHUSD) is extending its losses as, following the January 14 rejection on its 1D MA100 (green trend-line), it made a Lower High on its 4-month Channel Down that kick-started the new Bearish Leg.
The 1D RSI turned oversold (below 30.00) for the first time since November 21 2025 but besides a (potential) short-term dead-cat-bounce towards the 0.382 Fibonacci retracement like on November 10 2025, it should bottom lower, at least at $1900 making a -44.80% decline (at least), similar to the previous Bearish Leg, before any meaningful longer term relief rally.
Technically, the strongest pressure zone (demand at this point) is the 1385 Support of the April 09 2025 Low.
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