Ethereum (ETH) don drop under $1,550; bearish targets don shift go $1,400 and $1,070
Ethereum (ETH) don drop below one key support and slip under $1,550 after e bear-flag breakdown and say repeated failures to take back de descending trendline. Analysts wey dem mention for coverage talk say de rejection near downtrend resistance after de April peak mean de correction fit still never finish.
For de daily chart, dem frame ETH as dey inside one bigger Elliott Wave C-wave decline. Next support zone dey expected between $1,550 and $1,400, plus reaction areas mark near de Fibonacci references around $1,554 and $1,599. Short-term rebound fit show, but e go remain corrective unless ETH fit reclaim de descending trendline and cancel de bearish structure.
For de weekly view, Ali Charts note say ETH reach initial downside target near $1,560 after e lose de long-term pivot at $2,282. That shift put sellers back in control, price dey slide toward about $1,549 and de next major downside objective show for $1,069–$1,070.
For traders, de bias still bearish as long as ETH dey below de falling trendline. Any bounce fit give tactical entry, but to reverse de trend you need decisive recovery above resistance.
Bearish
Both articles dey keep bearish technical framing for ETH. Di main new thing for di later update na say dem don consolidate di targets: e connect di daily setup (support band $1,550–$1,400 and focus near $1,554/$1,599) with di weekly roadmap (Ali Charts: breakdown of di $2,282 pivot, initial downside target near $1,560, and next objective at $1,069–$1,070).
For short term, sellers dey control after di failed retest of di descending trendline, so rallies likely be corrective rather than change di trend. Traders fit see bounces as chance to sell or manage risk, especially if ETH no fit regain di trendline.
For long term, di argument na if dem lose di higher-timeframe pivot at $2,282 e go shift di structure to lower highs and lower lows, increasing chance say deeper downside go follow toward about $1,070. Proper bullish change go need solid breakout and make price hold above di descending trendline, and none of di summaries show say dat don happen.