Ethereum may be closer to a bigger tipping point than it seems, as key technical signals are starting to align. Despite recent weakness, the appearance of a death cross, often seen near the end of a downtrend, suggests that the market may be nearing the final stage of capitulation. It shows that a historical pattern is approaching. bottomattention is shifting from fear to opportunity.
Worst case scenario: final stage of the bottoming process
Cryptocurrency analyst Sycoderick outlined the worst-case scenario for Ethereum. explained If the market has not completely bottomed yet, it is likely in the last 2% to 3% of the entire bottoming process. These narrow margins suggest that while some downside risk remains, it is mostly to the downside. correction is already unfolding and the price trend is approaching a potential depletion point.
Details of historical actions related to death cross on 3-day chart supportThis is the perspective. In past cycles, Ethereum hit rock bottoms at or shortly after the death cross. There was only one slight deviation, and the market took longer to form its final low.
A death cross occurs when the 50-day moving average falls below the 200-day moving average, indicating that the market is deeply compressed and overextended. Although often interpreted as a bearish signal, it often indicates a later stage of a downtrend. selling pressure begins to disappear, and long-term buyers gradually enter the market.
If Ethereum follows this historical pattern under the worst-case scenario, the final bottom could emerge approximately 54 days after the death cross, with the expected timing likely to be around April 28th. Expecting a significantly longer bottom phase is inconsistent with past cycles and may be unlikely, especially given the current relatively weak market expansion. With the downside likely limited and the bottom phase nearing completion, the focus is increasingly shifting to strategic accumulation rather than panic selling.
$ETH Struggles below the key $2,300 resistance zone
According to Chad, Ethereum is not yet ready to break above the top of the daily Bollinger Band and the key horizontal resistance zone around $2,300. Prices continue to struggle in the region, repeatedly showing signs of rejection, which suggests a bull run.omen Still not enough for a sustained breakout.
So far, the market structure has evolved as expected, with key levels being respected on both sides. The inability to regain the $2,300 zone reinforces the idea that: $ETH is still in the integration stage.
Attention now shifts to the downside, with an important confluence near $2,150. This level combines a strong horizontal support zone and the 20-day SMA, making it an important level to watch. a break A break below this area could open the door to further decline, while a successful hold could signal stability and set the stage for another attempt at higher levels.
