Ethereum remains under selling pressure, drifting lower within a defined high-timeframe range. Downside risk is building toward the $900 support level.
Summary:
Breach of the value area high confirms bearish momentum, keeping sellers dominant
Point of control acts as the final support before a potential range-low test
$900 range low remains critical, historically triggering strong bullish rebounds
Ethereum ($ETH) has shifted into a more bearish tone after losing key value levels, signaling that short- to medium-term market control is tilting toward sellers. Failing to maintain above the value area high, $ETH has formed successive lower highs and lower lows, reinforcing downward momentum.
Despite this pressure, Ethereum is still trading within a clearly defined high-timeframe range, suggesting that the current movement may represent a rotation within the range rather than a full-scale breakdown.
As price continues to drift, the market is focusing on the point of control (POC), which serves as the last significant support before testing the range low. Historically, this level has often acted as a prelude to capitulation-style moves, frequently followed by sharp rebounds once selling pressure is absorbed.
Key Technical Levels for Ethereum
Breach of value area high confirms bearish control, favoring sellers
Point of control is being tested, acting as the last structural support before the range low
$900 range low is historically significant, often triggering strong bullish reversals
Bearish Structure Dominates the Short-Term Trend
From a market structure perspective, Ethereum has clearly entered a bearish phase. Rejection from the value area highlighted a structural failure, confirming that buyers could not maintain control at higher levels. Since then, price has followed a persistent decline, forming lower highs and lower lows across daily charts.
This pattern typically signals trend continuation rather than consolidation, especially when bullish volume is declining. Attempts at stabilization have repeatedly been met with selling, indicating that downside liquidity continues to attract price action.
Point of Control Signals Final Support Before Range Low
Ethereum is approaching the point of control, a critical level that often serves as the pivot between balance and imbalance. Within the broader range, the POC frequently acts as the final structural defense before the price moves toward the range low.
A decisive break below this point would raise the likelihood of a capitulation-style drop toward $900. Importantly, this move should not be seen as a full bearish breakdown but rather as a natural rotation within the high-timeframe range, resetting positions and removing weaker hands from the market.
$900 Range Low Holds Historical Significance
The $900 zone represents a key support area, aligning with the value area low of the larger range. Historically, every retest of this level has been met with strong buying, indicating active long-term participants.
A move into this region would likely coincide with increased volatility and emotional selling, hallmarks of capitulation events. Such conditions often precede local bottoms, particularly when price reaches the extremes of the trading range after extended directional movement.
What to Expect Next
Technically, Ethereum appears to be undergoing a high-timeframe range rotation rather than a structural collapse. As long as the broader range remains intact, a test of $900 remains plausible and may provide the conditions needed for a local bottom.
If capitulation occurs near the range low, Ethereum could then begin a rotation back toward higher-value areas, including the value area high and the high-timeframe resistance near $4,700.
