{"id":71887,"date":"2025-06-05T13:14:06","date_gmt":"2025-06-05T13:14:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=71887"},"modified":"2025-06-05T13:14:06","modified_gmt":"2025-06-05T13:14:06","slug":"ethereum-price-analysis-pullback-chances-rise-as-bullish-momentum-fades","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=71887","title":{"rendered":"Ethereum Price Analysis: Pullback Chances Rise as Bullish Momentum Fades"},"content":{"rendered":"

Ethereum remains capped beneath the critical 200-day moving average at $2.6K, signaling ongoing distribution among market participants.<\/p>\n

Given the current price structure, a bearish correction appears increasingly likely in the near term.<\/p>\n

Technical Analysis<\/h2>\n

By ShayanMarkets<\/p>\n

The Daily Chart<\/h3>\n

Ethereum continues to face firm resistance at the 200-day moving average, currently hovering near the $2.6K level. This barrier has so far remained unbroken, signaling persistent bearish sentiment and a lack of follow-through from the bulls. The ongoing failure to reclaim this level suggests the formation of a distribution phase, often indicative of increased sell-side pressure.<\/p>\n

Moreover, the appearance of a bearish divergence between price and the RSI indicator adds weight to the case for a potential pullback. With momentum fading, a gradual decline toward the $2.2K support region is becoming a likely short- to mid-term scenario.<\/p>\n

However, should ETH unexpectedly break above the 200-day MA, it may trigger a short squeeze, propelling the price sharply higher due to the liquidity resting above the current resistance.<\/a><\/p>\n

The 4-Hour Chart<\/h3>\n

Zooming into the 4-hour timeframe, Ethereum remains confined within a rising wedge pattern, typically viewed as a bearish reversal formation. After bouncing off the wedge\u2019s lower boundary near $2.5K, the price has made another attempt at testing resistance around $2.6K, but upward momentum appears to be lacking.<\/p>\n

The current structure suggests further range-bound movement inside the wedge until a decisive breakout occurs. Given the bearish setup, a downward break from the pattern seems more probable, potentially targeting the $2.2K support zone. Still, traders should be mindful of the liquidity cluster above $2.7K, which could attract smart money activity and initiate a liquidation-driven rally before any correction materializes.<\/a><\/p>\n

Onchain Analysis<\/h2>\n

By ShayanMarkets<\/p>\n

Ethereum is currently consolidating within a wedge pattern, reflecting a phase of indecision in the market. The Binance Liquidation Heatmap highlights key liquidity zones that may influence price direction. Notably, significant liquidity clusters are positioned near the $2.5K and $2.7K levels, just below and above the wedge.<\/p>\n

These areas are prime targets for smart money to trigger liquidations and exploit retail positioning. As such, a breakout in either direction could prompt a sharp move fueled by a liquidation cascade. Given the elevated potential for volatility, disciplined risk management will be crucial in the days ahead.<\/a><\/p>\n

The post Ethereum Price Analysis: Pullback Chances Rise as Bullish Momentum Fades<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum remains capped beneath the critical 200-day moving average at $2.6K, signaling ongoing distribution among market participants. Given the current price structure, a bearish correction appears increasingly likely in the near term. Technical Analysis By ShayanMarkets The Daily Chart Ethereum continues to face firm resistance at the 200-day moving average, currently hovering near the $2.6K […]<\/p>\n","protected":false},"author":0,"featured_media":71888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-71887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/71887"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71887"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/71887\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/71888"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}