Ethereum (ETH/USDT) – Strong Downtrend Continuing

Ethereum continues to face strong selling pressure as the price has slid down to the zone of 4,300 USDT after failing to maintain above the important resistance zone of 4,420 – 4,450. This development indicates that the bears are still in control of the market in the short term, while the buying power from the bulls appears to be quite weak.

Key technical milestones: Nearest support: 4,210 – 4,180 This is the zone where the market may see technical buying pressure aimed at temporarily slowing down the decline. However, if this level is breached, the risk of a deeper drop will increase significantly. Strong support zone: 4,050 – 4,100 This area serves as the "last shield" before ETH faces the risk of a stronger correction. If the price falls below this threshold, market sentiment could become extremely pessimistic. Short term resistance: 4,380 – 4,420 The bulls need a strong rebound and a decisive break of this zone to restore confidence, while also opening up the opportunity to retest the 4,450 – 4,500 mark. Conversely, if ETH remains constrained below the resistance zone, the downtrend will continue to dominate. Trend outlook: Negative scenario: If the price breaks below the level of 4,210 and continues to weaken, ETH could quickly drop to the zone of 4,100, and even retest 4,050. This will further strengthen the bears' position and increase selling pressure across the altcoin market. Positive scenario: To regain control, ETH needs to break back above 4,420. At that point, new buying pressure could form, laying the groundwork for a deeper recovery towards 4,500 – 4,600. Conclusion: Currently, the balance still tilts towards the sell side, with the short term trend continuing to show a negative tone. Investors should particularly monitor the price reaction at the zone 4,210 – 4,180, as this is a key point that will determine whether ETH enters a deeper decline or not. Meanwhile, the bulls need a strong recovery above 4,420 to regain their advantage and break the market's constraining situation.