Is the Ethereum Bear Market Resuming Now?

Is the Ethereum Bear Market Resuming Now?

In this video I break down the current Ethereum price action and analyze the potential for a deeper move to the downside. I evaluate whether the recent rejection from resistance marks the beginning of a third wave decline or if a wider corrective bounce is still on the table for ETH.

I explore the Ethereum daily chart using Elliott Wave analysis to identify key Fibonacci resistance zones and critical support levels. You will learn how to monitor the daily RSI and MACD for signs of fading momentum and what the microstructures suggest about the immediate direction of the market.

Whether you are trading short term or looking at the higher time frame context, I provide a detailed look at the price levels that matter most. We cover the significance of the $1,500 support zone, the $2,000 trend line resistance, and the specific intraday levels that could signal a shift in sentiment for the coming sessions.

Timestamps:
0:00 – Ethereum Market Context
0:50 – Fibonacci Resistance Levels
2:33 – RSI and Momentum Analysis
5:21 – Microstructure Price Action
6:51 – Bullish and Bearish Scenarios
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