Ethereum continues to face significant downward pressure on higher timeframes, trading well below its key moving averages within a dominant bearish structure. Despite stabilizing around $1,900 after rebounding from February lows, buyers are struggling to reclaim meaningful resistance levels. The short-term outlook remains cautious as the asset respects a descending trend and shows weak recovery momentum, with sentiment indicators suggesting tentative, not decisive, buying interest from U.S. investors.
Ethereum remains under broad pressure across higher timeframes, with its price still trading well below major moving averages. The price is inside a dominant bearish market structure even after a recent rebound from February lows helped stabilize it around $1,900. Technical charts suggest buyers are struggling to reclaim any meaningful resistance, keeping the short-term outlook cautious.
On the daily chart, ETH continues to trade beneath both the 100-day and 200-day moving averages, which slope downward confirming the broader bearish trend. Every recovery attempt has failed before reaching a proper trend reversal point, with the market hovering just above a key support zone near $1,800. Upside resistance is capped near $2,400 and $2,800, and the current weak recovery lacks strong continuation, suggesting sellers remain active on rallies.
The 4-hour chart shows ETH recently pushed into the $2,150 resistance region but was quickly rejected, forming a local lower high. Since that rejection, the price has drifted back toward $1,950, showing a lack of aggressive buying interest. This leaves the asset trapped in a tight short-term range between support at $1,800 and immediate resistance at $2,150.
From a sentiment perspective, the Coinbase Premium Index remains a weak spot for Ethereum. The indicator has started to recover from deeply negative February readings but remains around the neutral line. Data shows it has not yet shown the sustained positive premium that would signal strong spot demand from U.S. investors, suggesting institutional buying interest is still tentative. Sentiment is no longer in outright capitulation territory but is far from bullish confirmation, aligning with the fragile technical structure.
