ETHUSDT
Perp
1,899.05
-0.91%
$ETH Ethereum is showing clear bearish momentum on the 4H chart after breaking down from its multi-day ascending channel, with sellers stepping in aggressively around mid-February. Price is currently hovering near $1,953, just above a critical support at $1,939 a level that now acts as the line between stabilization and further downside toward the $1,850 zone.
The former support at $2,022 has flipped into immediate resistance, and unless bulls reclaim that level with strong volume, any short-term bounce toward the $2,000–$2,022 range could simply be a relief rally before continuation lower. For now, the short-term structure remains bearish, and how ETH reacts around $1,939 will likely define the next directional move.