Ethereum remains under strong selling pressure after being rejected again at a key resistance level, with the recent selloff pushing the asset back into a key demand zone. Buyers are trying to stabilize the price near support, but the overall trend remains bearish. $ETH It continues to trade below all major moving averages.
Ethereum Price Analysis: Daily Chart
On the daily time frame, Ethereum continues to record lower highs and lower lows while trading below the 100-day, 200-day, and long-term downtrend lines, confirming that sellers are still in full control of the broader structure.
The recent rally stalled precisely below the $1.72,000 to $1.78,000 supply zone before bearish momentum returned. That rejection is now the driving force $ETH It has returned to the key support area around $1.46,000 to $1.56,000, with buyers once again trying to protect the market.
This support zone triggered another reaction, but so far the rebound remains weak and has not changed the overall bearish structure. As long as Ethereum remains below the $1.72,000 to $1.78,000 resistance area, the rally is likely to be seen as a correction rather than the beginning of a trend reversal.
A definitive loss of the current demand zone would expose the market to further decline, but a retrieval of nearby resistance would be the first sign that bearish momentum is starting to wane.
$ETH/USDT 4 hour chart
The 4-hour chart highlights the recent pullback at the $1,72,000 to $1,78,000 resistance zone, triggering another sharp decline towards the lower end of the established range.
Following the sale, $ETH has rebounded slightly from the $15,000 to $15,300 support area, suggesting that buyers remain active around this demand zone. However, the asset continues to trade near the bottom of its broad consolidation range, while each recovery attempt thus far has produced lower highs.
The current structure suggests that Ethereum could continue to consolidate between around $1.52,000 and $1.75,000 in the near term. The floor remains an important level to watch as a further break below support could accelerate bearish momentum, while regaining upside resistance would improve the near-term outlook and open the door to a stronger recovery.
sentiment analysis
The Exchange Netflow chart shows the following notable increases: $ETH Moving onto the exchange in recent sessions, the 14-day moving average of net flows has turned sharply positive.
Historically, sustained positive exchange net flows indicate more coins being sent to trading venues, often reflecting increased selling pressure or holders’ increased appetite for asset distribution. This change coincides with Ethereum’s recent decline towards the $1.5,000 area.
Although exchange inflows alone do not guarantee further downside, the recent surge suggests that supply to exchanges continues to increase. Unless net flows begin to ease while prices stabilize around the current demand zone, on-chain data continues to support a cautious outlook and the potential for continued weakness before a more sustained recovery develops.
