Ethereum pressure builds as the ETHBTC pair breaks out of the key descending triangle structure. The underperformance against Bitcoin suggests bearish momentum may still dominate the market, leaving Ethereum vulnerable to deeper withdrawals unless bulls quickly regain critical resistance levels.
ETHBTC’s trendline rejection keeps pressure on Ethereum
Recently he is a crypto analyst Ardi pointed out that Ethereum continues to face weakness against Bitcoin as ETHBTC continues to reject a major downtrend line. Repeated rejections of this structure increase the likelihood that Ethereum will print new cycle lows against the US dollar if broader market conditions weaken further.
Meanwhile, ETHBTC is starting to break from its descending triangle support, signaling growing bearish pressure on the pair. The analyst also noted that Ethereum is currently trading lower than it was when BTC hovered around the $60,000 region, highlighting the extent of ETH’s relative underperformance in recent months. Based on the current structure, Ardi believes that if the crypto market experiences another extensive decline, Ethereum could fall to new lows before Bitcoin reaches the $60,000 level again.
Ethereum is currently holding above the cycle low it established against Bitcoin last April, representing a macro higher low on the chart. As long as that support holds, Ardi believes that ETH still has the potential to establish a broader high-low structure and prepare for a possible reset as the next market cycle approaches.
Ethereum’s pullback remains corrective despite near-term pressure
According to More Crypto Online, Ethereum short-term bearish pressure remains active, while the recent decline still appears to be a corrective rather than the start of a stronger impulsive sell-off. While the broader market structure remains fragile, analysts noted that there is still no confirmed evidence to suggest that a major long-term top has fully formed.
The expert explained that Ethereum could still attempt another upward move as long as the price action remains above the lower limit of its current channel and continues to hold within the active support zone. Immediate support levels are around $2187 and $2122. A successful bullish breakout above the $2318 resistance area could pave the way towards the $2646 area.
However, More Crypto Online warned that the outlook could turn significantly bearish if Ethereum falls decisively below the lower channel support. Such a move would increase the likelihood that a larger market top is already established and could shift attention back to the February lows.
For now, the structure still points to a corrective return rather than a confirmed trend reversal. Key support levels remain at $2.187, $2.122 and $2.037, while resistance stands at $2.318 and $2.646. Until sellers produce a stronger breakdown, Ethereum’s larger recovery structure technically remains alive despite continued weakness.
