If the ETHBTC pair breaks out of the key descending triangle structure, pressure will increase on Ethereum. The poor performance against Bitcoin suggests that bearish momentum may still be in control of the market, and Ethereum could fall even further unless the bulls regain significant resistance levels soon.
Pressure on Ethereum continues as ETHBTC trendline rejects
Crypto analyst Aldi recently noted that Ethereum continues to face weakness against Bitcoin as ETHBTC continues to reject the major downtrend line. This repeated rejection from the structure increases the likelihood of Ethereum hitting new cycle lows versus the USD if broader market conditions deteriorate further.
Meanwhile, ETHBTC has started to break out of descending triangle support, suggesting that bearish pressure on ETHBTC is increasing. The analyst also noted that Ethereum is currently trading lower than when BTC was hovering around $60,000, highlighting the extent of ETH's relative underperformance in recent months. Based on the current structure, Aldi believes that if the cryptocurrency market suffers another significant decline, Ethereum could fall to new lows before Bitcoin returns to the $60,000 level.
Ethereum is currently trading above the cycle low set for Bitcoin last April, which represents a macro low on the chart. As long as this support holds, Aldi believes ETH still has the potential to establish a broader high-low structure and prepare for a possible reset as the next market cycle approaches.
Despite short-term pressure, Ethereum pullback remains corrective
According to More Crypto Online, while short-term bearish pressure on Ethereum remains active, the recent decline still appears to be a correction rather than the beginning of a stronger impulsive decline. Analysts noted that while the broader market structure remains fragile, there is no evidence yet to suggest that a major long-term top is fully formed.
The expert explained that as long as the price movement remains above the lower bound of the current channel and remains within the active support zone, Ethereum could attempt further upside. Immediate support levels are around $2,187 and $2,122. A successful bullish breakout above the $2,318 resistance area could pave the way to the $2,646 area.
However, More Crypto Online warned that the outlook could become significantly bearish if Ethereum decisively breaks below lower channel support. Such a move could raise the possibility that a larger market upside is already in place and shift attention back to the February lows.
For now, this structure still indicates a correctional pullback rather than a confirmed trend reversal. Key support levels remain at $2,187, $2,122, and $2,037, with resistance at $2,318 and $2,646. Until sellers provide a stronger breakdown, Ethereum’s massive recovery structure will technically remain alive despite continued weakness.
