Bearish Charts Signal More Losses

Ethereum is facing renewed downside pressure as two separate chart setups point to weak market structure. Both analysts see the same risk: ETH may fail at resistance and move lower again.

Ethereum Chart Signals Repeat Pattern, Trader Sees Another Move Lower

A 12 hour Ethereum chart shared by X user Elja points to a pattern he says has appeared before. The setup shows ETH trading near $2,044 after a long decline, with price moving under a falling resistance line. According to the chart, Ethereum may keep moving sideways to slightly higher in the short term, but it may still fail to break above resistance and then turn lower.

ETH/USDT 12H Chart. Source: Elja on X

The chart marks several rounded bottom areas where ETH previously found support before bouncing. However, each recovery stayed below the broader downtrend line. That pattern suggests sellers have remained in control even after short term rebounds. On the right side of the chart, the drawn path shows ETH climbing gradually toward the $2,200 to $2,300 area, then facing rejection near the descending trendline.

If that pattern repeats, the chart suggests Ethereum could drop again after the failed breakout attempt. The projected move points back below the $2,000 level and toward the $1,900 zone. In other words, the chart does not show a clean bullish reversal yet. Instead, it reflects a market structure where lower highs continue to pressure price.

Still, this remains a technical view based on a repeated chart pattern, not a confirmed move. For now, the key area on the chart is the descending resistance line. If ETH cannot break above it, the bearish setup Elja highlighted may stay in play.

Ethereum Chart Keeps Bearish Bias Below Descending Trendline

Meanwhile, a 4 hour Ethereum chart shared by X user Man of Bitcoin showed a bearish setup as long as ETH stays below a descending trendline. The chart outlined a clear resistance slope from a recent swing high and suggested that sellers remain in control unless price breaks above that line. According to the setup, a decisive move below $1,755 could open the way for a deeper decline toward $1,387.

ETH/USD 4H Chart. Source: Man of Bitcoin on X

The chart also highlighted several downside levels between about $1,972 and $1,761, including Fibonacci retracement and extension zones that may act as interim support. However, the broader structure still pointed lower. A white projected path on the chart showed Ethereum moving down through those levels before reaching the lower target zone near the red support line at $1,387.

In addition, the chart included Elliott Wave labels that suggested the market may still be in a downward phase rather than a completed reversal. The marked trendline remained the main technical barrier. Until Ethereum breaks above it, the bearish scenario outlined by the analyst stays intact.