Ethereum has entered a decisive bearish phase after losing multiple high-timeframe support levels in a matter of days. The latest sell-off pushed ETH through a major confluence zone that had previously acted as support throughout the first half of the year, placing the market at a critical juncture. Buyers must now defend lower demand levels to prevent a deeper correction.
Ethereum has entered a decisive bearish phase after losing multiple high-timeframe support levels rapidly. The latest sell-off pushed ETH through a major confluence zone that previously acted as support throughout the first half of the year.
This places the market at a critical juncture where buyers must defend lower demand levels. A failure to hold could result in a deeper correction.
The weekly chart shows a significant deterioration in market structure. Ethereum has now broken below the major support area around $1.75K-$1.85K, which was a key pivot during the March rebound.
This breakdown confirms a bearish continuation pattern and shifts focus toward the next demand region around $1.45K-$1.55K. A weekly close below this region would significantly increase the probability of an extension toward the broader demand area around $1.15K-$1.30K.
The 4-hour chart highlights the severity of the recent sell-off. Ethereum broke down from a prolonged descending structure without establishing any meaningful support.
The blue support zone between roughly $1.74K and $1.85K failed to contain selling pressure and has now turned into resistance. ETH is currently testing the lower demand zone around $1.50K-$1.57K, where some reactive buying has emerged.
The 3-month liquidation heatmap suggests that a substantial amount of downside liquidity has already been cleared during the latest cascade lower. Most notable liquidation clusters beneath the market were swept as ETH plunged from above $2K toward $1.5K.
Meanwhile, the most significant remaining liquidity concentrations are now positioned above the current price. This creates a dynamic where the market lacks major nearby liquidity targets below spot while maintaining sizeable overhead liquidation pools.
