From a technical perspective, bearish signals are prominent. Continuous rebounds exhibit a typical three-wave structure, followed immediately by heavy selling pressure. This recurring pattern should not be ignored—each rally fails to break through previous resistance levels, prompting selling.
This indicates that current bullish momentum is insufficient, and market participants are gradually reducing their positions at the rebound highs. In the short term, Ethereum remains under pressure; unless it can effectively break through key resistance levels above, the correction pressure will persist.
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RugDocDetective
· 4h ago
It's another three-wave drop and crash again. This routine is played out. What are we waiting for? Just wait for that breakout. If it doesn't break through, we'll keep holding on.
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SleepTrader
· 4h ago
It's the same three-wave structure routine again, rebounding only to get smashed, then rebounding again... I'm tired of watching it.
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metaverse_hermit
· 4h ago
It's that same three-wave structure trick again... Every time I think it's about to break out, the selling pressure just dumps the price.
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DustCollector
· 4h ago
This three-wave structure has been played out, always following the same pattern. The bears should shut up and let the bulls eat.
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SatoshiNotNakamoto
· 4h ago
It's the same three-wave structure again, an old story. Every time, they say it can't break through resistance and will keep falling, and then what?
ETH/USD Technical Analysis
From a technical perspective, bearish signals are prominent. Continuous rebounds exhibit a typical three-wave structure, followed immediately by heavy selling pressure. This recurring pattern should not be ignored—each rally fails to break through previous resistance levels, prompting selling.
This indicates that current bullish momentum is insufficient, and market participants are gradually reducing their positions at the rebound highs. In the short term, Ethereum remains under pressure; unless it can effectively break through key resistance levels above, the correction pressure will persist.