Ethereum continues to struggle for traction as price remains capped beneath a dominant descending resistance, reinforcing a fragile technical structure.
The latest charts from GainMuse and TradingView show a market that has failed to reclaim lost ground, with recent rebounds repeatedly sold into rather than extended. This behavior suggests sellers remain firmly in control, while buyers show limited conviction at current levels.
The broader structure on the GainMuse chart highlights a sequence of failed recoveries within a clearly defined downward channel. After breaking below earlier consolidation zones and losing the upward channel, Ethereum attempted multiple rebounds, each time stalling beneath the descending resistance line. These failed attempts point to weakening momentum rather than accumulation, with price compressing closer to underlying support.
Structure Weakness Signals Risk of Continuation
The GainMuse technical layout emphasizes how Ethereum remains structurally vulnerable. Price continues to trade below the broken trendline, and the current consolidation appears more like a pause than a base. Compression near support is occurring without a decisive reclaim of resistance, which historically favors continuation rather than reversal.
As long as Ethereum remains capped under this descending resistance, upside moves are likely to be corrective. Any short-term rallies that fail to break and hold above the trendline would likely attract renewed selling pressure, keeping the broader bias tilted to the downside.
Short-Term Price Action Confirms Hesitation
The TradingView 4-hour ETH/USD chart reinforces this view. Price is currently hovering around $2,972, following a sharp spike that was quickly rejected. That move lacked follow-through, and the subsequent pullback brought price back into a narrow range near prior support.
Volume behavior also aligns with hesitation rather than strength. While activity picked up during the sharp move, it failed to sustain momentum afterward. This suggests reactive trading rather than committed directional positioning, consistent with a market still searching for balance.
Probabilities Going Forward
If Ethereum fails to hold the current support zone, the charts suggest downside continuation becomes increasingly likely, with momentum favoring another leg lower as sellers press their advantage. A clean loss of support would likely accelerate bearish continuation, confirming that the recent compression was distribution rather than stabilization.
On the other hand, if price reclaims and holds above the descending resistance, the probability shifts toward a broader relief move. Such a reclaim would signal that sellers are losing control and that recent compression may be transitioning into accumulation. However, without that structural break, upside scenarios remain lower probability.
Outlook
Ethereum remains stuck in a technically weak position, caught beneath heavy resistance with fading momentum. Until price decisively reclaims key structure, the broader setup continues to favor downside risk over sustained recovery. The current range is pivotal, and the market’s next move will likely be defined by how price reacts to this compression zone.
For now, the charts suggest caution: Ethereum is not breaking down aggressively yet, but it has also failed to prove that buyers are ready to take control.
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