A growing number of analysts believe that Ethereum’s current price trend is misunderstood. Despite the frustration, grow by While Ethereum cannot sustain above $3,000, some technical analysts are quick to point out that the structure forming beneath the surface tells a completely different story. According to one analyst, the real risk right now is Not bullish on Ethereum They then try to short in anticipation of a downside breakout.
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Higher bass and tighter structure
Analysts’ technical views on Ethereum are in focus little short-term momentum He goes on to explain in more detail the structure that is playing out on the chart, which he claims is even more obvious than what is currently visible on Bitcoin’s charts.
What is noteworthy is the price movement of Ethereum. carving a series of things The daily candlestick timeframe chart shows rising lows, forming a tightening triangle pattern since December 2025. This type of move shows that each pullback is absorbed at progressively higher levels, which resets a strong trend before continuing.
For this trend continuation setup to remain valid, Ethereum will need to avoid a breakdown below major support zones. According to the analyst, a decline below $2,860 will begin to weaken the pattern, and a close below $2,780 will invalidate the high-low structure.
As of this writing, Ethereum is trading around $2,950, which is dangerously close to the lower end of this setup. Therefore, some traders You will want to short sell Ethereum. But at this level, analysts said it was the stupidest thing to do here.
As long as these levels ($2,860 and $2,780) hold, the analyst believes there is no technical justification for betting on ETH, especially near the lower end of the channel. Where buyers have repeatedly intervened.
If the support holds, the next move will be a gradual return to the upper trendline of the channel, just below $3,340. A move into this region could set the stage for a breakout if the price returns to direct contact with the overhead resistance and buying pressure continues to build.
Ethereum price chart. Source: @Tryrexcrypto from X
The big picture behind Ethereum price action
Ethereum enters 2026 without clear bullish momentum, which is weakening sentiment. across spot and derivatives markets. Spot ETF inflows into Ethereum and Bitcoin have slowed, and issuers have been attracting attention with daily outflows.
Despite this, major asset management companies still hold large amounts of Ethereum. We are working to diversify our activities. on Ethereum. For example, BlackRock filed with the SEC in December to launch a staked Ethereum exchange-traded fund. it will attract more institutional investors Join the Ethereum ecosystem.
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Speaking of staking, BitMine Technologies Powered up recently That ETH staking is equivalent to $5.71 billion worth of Ethereum. On-chain Data from Arkham Intelligence It shows the company has staked an additional 171,264 shares worth $503.2 million. boost total stakes Over 1.94 million ETH.
Featured image from Unsplash, chart from TradingView
