HomeAnálisis De MercadoCriptomonedaBearish indicators and key levels to watch

Bearish indicators and key levels to watch




Ethereum (ETH) has been making lower highs and lows recently, signaling potential for more downside. Technical and on-chain indicators are predominantly bearish at the moment, especially after the price broke the significant $1,650 support level. Here’s what traders need to know.

Key points

  1. Technical Analysis: Ethereum’s daily and 4-hour charts show bearish signals.

  2. Key Levels: $1,650 and $2,000 are critical support and resistance levels, respectively.

  3. On-Chain Metrics: The taker buy-sell ratio has been trending in the negative region, indicating bearish sentiment in the futures market.

In-depth analysis

Technical Indicators Point to Downside:

The daily chart

The daily chart has shown a recent bearish crossover between the 50-day and 200-day moving averages, which is generally a sign of a long-term downtrend. The price recently broke below the $1,650 support and is currently retesting it.

The 4-hour chart


The 4-hour chart shows that after weeks of testing, the price has broken through the $1,650 support zone and is pulling back towards it. A rally to $1,750 could be in play if the price moves above this level. Otherwise, a more significant decline is likely.

On-Chain analysis

Ethereum Taker Buy Sell Ratio:

The metric has been in the negative region over the past few months, implying that futures market sentiment is bearish on Ethereum. As long as this is the case, a bullish reversal in the short term seems unlikely.

Trading strategies

  1. Bearish Outlook: Traders with a bearish outlook might consider short positions, especially if the price fails to move back above the $1,650 level. Stop-losses could be placed above $1,750 to minimize risk.

  2. Neutral/Bullish Outlook: Traders who are either neutral or slightly bullish might want to wait for a clear break above $1,650 and hold for the target at $1,750. A stop-loss could be placed below the $1,650 level.

  3. Long-Term Bulls: If you’re a long-term bull on Ethereum, this could be an opportunity to accumulate at a lower price, though the risk of further downside remains.


Given the bearish technical and on-chain indicators, Ethereum’s price faces a high probability of further downside. The $1,650 level is the key level to watch, both as a resistance and potential flip to support. While there may be short-term rallies, the overall sentiment appears bearish, as reflected by the taker buy-sell ratio in the futures market.


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