Ethereum pressure mounts as the ETHBTC pair breaks out of its main descending triangle structure. The weakening performance against Bitcoin suggests that bearish momentum may still dominate the market, and that Ethereum may be vulnerable to a deeper decline unless bulls quickly regain critical resistance levels.
ETHBTC Trendline Rejection Remains Pressure on Ethereum
Crypto analyst Ardi recently pointed out that Ethereum continues to face weakness against Bitcoin as ETHBTC continues to reject a key downtrend line. Repeated rejection of this structure increases the likelihood that Ethereum will hit a new cycle low against the US dollar if broader market conditions weaken further.
Meanwhile, ETHBTC is starting to break down from descending triangle support, indicating growing bearish pressure on the pair. The analyst also noted that Ethereum is currently trading lower than when BTC was hovering around the $60,000 region, highlighting ETH’s relative underperformance in recent months. Based on its current structure, Ardi believes that if the cryptocurrency market experiences another crash, Ethereum could fall to new lows before Bitcoin revisits the $60,000 level.
Ethereum is currently above the cycle low established against Bitcoin in April last year, which represents a macro low on the charts. Ardi believes that as long as this support continues, ETH still has the potential to build a wider high-low structure and prepare for a reset as the next market cycle approaches.
Despite short-term pressure, Ethereum withdrawal remains corrective
According to More Crypto Online, Ethereum short-term bearish pressure is still active and the recent decline still appears to be corrective rather than the start of stronger impulsive selling. While the broader market structure remains fragile, analysts noted there is still no confirmed evidence to suggest a major long-term peak has fully formed.
The expert explained that Ethereum could still attempt another upward move as long as the price action remains above the lower limit of the current channel and continues to remain within the active support zone. Immediate support levels are around $2,187 and $2,122. A successful break above the $2,318 resistance area could pave the way for the $2,646 area.
However, More Crypto Online warns that if Ethereum falls firmly below the lower channel support, the outlook could become quite bearish. Such a move would increase the likelihood that a larger market high has already formed, turning attention back to the February lows.
For now, this structure still represents a corrective downtrend rather than a confirmed trend reversal. Key support levels remain at $2,187, $2,122, and $2,037, and resistance levels remain at $2,318 and $2,646. Until sellers trigger a stronger collapse, Ethereum’s larger recovery structure technically holds despite ongoing weakness.