Ethereum’s recent price action confirms a clear momentum shift after a technically significant breakdown, aligning closely with the bearish scenario outlined by crypto trader GainMuse and reinforced by the latest TradingView data.
Ascending Structure Fails Decisively
The GainMuse chart highlights a textbook loss of bullish structure. ETH had been trading within an ascending channel and later a rising triangle, forming higher lows while repeatedly testing overhead resistance. This pattern typically signals continuation, but only if support holds.
Instead, Ethereum was rejected at resistance and subsequently broke below the ascending trendline. GainMuse marks multiple confirmed “break” points, showing how each attempt to recover structure failed quickly. This sequence is critical: once price loses an ascending base and cannot reclaim it, momentum usually flips from accumulation to distribution.
The projected “target zone” on the GainMuse chart reflects this shift, suggesting that unless ETH reclaims the broken trendline, downside extension remains the higher-probability path.
Breakdown Followed by Weak Rebound
The TradingView 4-hour chart adds important confirmation. After the structure failure, ETH experienced a sharp impulsive sell-off, slicing through intermediate support levels with little resistance. Volume expanded during the drop, reinforcing that the move was driven by active sellers rather than thin liquidity.
Price has since staged a modest rebound near the $2,900 area, but the recovery lacks strength. The bounce remains corrective in nature, with ETH still trading below prior support-turned-resistance and well under the former ascending trendline. This type of price behavior often signals acceptance below broken structure rather than a bullish reversal.
As long as ETH remains capped beneath these reclaimed levels, the chart continues to reflect bearish control.
Key Technical Takeaway
Both GainMuse’s structural analysis and TradingView’s price action point to the same conclusion: Ethereum has lost its bullish framework. Without a swift reclaim of the broken trendline and resistance zone, rallies are likely to face selling pressure, and the broader setup favors continuation toward lower demand areas.
Until proven otherwise, bearish continuation remains the dominant technical scenario.
