Ethereum (ETH) is down nearly 9% over the past seven days and continues to trade below the $3,000 mark—a level it hasn’t reclaimed since February 1. Recent technical indicators suggest that bearish momentum is building, with trend strength weakening and selling pressure intensifying.
Momentum oscillators like the RSI have pulled back sharply, while key resistance levels continue to hold firm against upward attempts. As ETH struggles to regain ground, traders are watching closely to see whether support levels will hold or if further downside is imminent.
Ethereum Bears Gain Momentum as Trend Strength Fades
Ethereum’s Directional Movement Index (DMI) shows its ADX has dropped to 20.83 from 27.64 two days ago, pointing to weakening trend strength.
The ADX, or Average Directional Index, measures how strong a trend is, regardless of whether it’s up or down. Values above 25 typically indicate a strong trend, while values below 20 suggest a weak or indecisive market.
With ETH’s ADX now hovering near the lower boundary, it suggests that recent directional momentum is fading, and the market could be entering a period of sideways movement or indecision.
ETH DMI. Source: TradingView.
Looking at the directional indicators, Ethereum’s +DI has fallen to 17 from 26.57 yesterday, after a brief jump from 16.62 two days ago. This signals that bullish pressure has quickly cooled off.
Meanwhile, the -DI has risen to 26.22 from 18.60, indicating growing bearish momentum. This divergence between the declining +DI and rising -DI suggests sellers are gaining the upper hand, potentially pushing ETH into a short-term downtrend.
Combined with the weakening ADX, the current setup points to increased downside risk unless bulls regain control soon.
ETH Faces Pressure After Sharp RSI Reversal
Ethereum’s Relative Strength Index (RSI) has fallen to 46.2, down sharply from 61.82 yesterday, after spiking from 38.14 two days ago.
The RSI is a momentum oscillator that measures the speed and magnitude of recent price changes to evaluate overbought or oversold conditions.
Values above 70 typically indicate an overbought asset that may be due for a pullback, while readings below 30 suggest oversold conditions that could precede a rebound.
The neutral zone lies between 30 and 70, where price action is generally considered balanced or consolidative.
ETH RSI. Source: TradingView.
Ethereum’s RSI is now at 46.2, dropping back into neutral territory after briefly approaching the overbought zone.
This decline indicates fading bullish momentum and may suggest that recent buying interest has weakened. While a reading around 46 doesn’t signal an immediate trend reversal, it does reflect uncertainty and could open the door to further downside if selling pressure increases.
If the RSI continues to slide toward 30, it could confirm that ETH is entering a more pronounced bearish phase.
Ethereum Struggles Below Resistance as Bearish EMA Trend Holds
Ethereum’s EMA (Exponential Moving Average) lines currently point to a bearish trend, with price action struggling to regain upward momentum.
Recently, ETH attempted to break through the resistance level at $2,679 but failed, reinforcing that sellers remain in control. If the market tests and loses support at $2,479, further downside could lead ETH toward $2,386, and potentially as low as $2,326 if bearish pressure intensifies.
These levels mark key zones where buyers may step in—but until then, the short-term structure remains tilted to the downside.
ETH Price Analysis. Source: TradingView.
However, a shift in momentum could occur if Ethereum retests and successfully breaks the $2,679 resistance.
A breakout above this level would be a strong signal of bullish intent, potentially triggering a move toward $2,790 and even $2,878 if trend reversal takes hold. The EMA structure would then begin to flatten or curl upward, signaling renewed strength.
Until that happens, though, ETH remains vulnerable to further losses, with traders closely watching how it reacts around key support and resistance levels.
Read the full article here
