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Ethereum price weakness builds as bearish structure holds

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Ethereum price weakness builds as bearish structure targets new yearly lows - 1

Ethereum price continues to weaken after losing key value levels, with bearish market structure increasing the probability of a breakdown toward new yearly lows.

Summary

  • Ethereum forming consecutive lower highs confirms bearish structure
  • Loss of point of control signals value shifting lower
  • Breakdown below $1,820 could trigger move toward $1,740 yearly lows

Ethereum (ETH) price action remains under sustained pressure as technical signals continue to point toward a dominant bearish market structure. Since losing the value area high, Ethereum has consistently printed lower highs, confirming a trend of weakening bullish momentum and increasing seller control across multiple timeframes.

Recent price developments further reinforce this bearish outlook. Ethereum has now lost acceptance around the point of control (POC), a critical level that previously represented fair value within the trading range. Following this breakdown, price rotated lower into the value area low, positioning the market dangerously close to a major high-timeframe support zone near $1,820.

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With momentum fading and structural weakness continuing to develop, traders are increasingly watching whether Ethereum can defend this support or if the market is preparing to establish a new yearly low.

Ethereum prive key technical points

  • Consecutive lower highs confirm bearish structure: Sellers maintain control since loss of value area high
  • Point of control lost: Market acceptance shifting lower within the range
  • $1,820 support critical: Breakdown could trigger move toward $1,740 and new yearly lows
Ethereum price weakness builds as bearish structure targets new yearly lows - 1
ETHUSDT (4H) Chart, Source: TradingView

Ethereum’s technical outlook shifted decisively bearish following the loss of the value area high. Since that event, price has repeatedly failed to reclaim higher value, forming a clear sequence of lower highs, a classic indication of trend continuation to the downside.

Markets often reveal directional intent through value migration. In Ethereum’s case, value has progressively moved lower, suggesting that participants are willing to transact at decreasing price levels. This behavior reflects declining demand rather than temporary volatility.

The recent loss of the point of control adds further confirmation to this trend. The POC typically acts as a balance area between buyers and sellers, and losing it often signals a transition from consolidation into directional expansion. Ethereum’s rejection and subsequent move into the value area low suggest that sellers remain firmly in control of short-term market dynamics.

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High-timeframe support at $1,820 under pressure

The next major battleground for Ethereum lies at the high-timeframe support near $1,820. This region represents one of the final structural supports preventing a deeper corrective phase. Price has already begun probing liquidity near this level, highlighting its importance as a decision zone.

Support levels tend to weaken after multiple tests, particularly when approached under bearish momentum. Ethereum’s current approach toward $1,820 is occurring alongside declining structure and limited bullish follow-through, increasing the likelihood that support may eventually give way.

If buyers fail to generate a strong reaction at this level, the market could transition into accelerated downside movement. A confirmed breakdown below $1,820 would signal acceptance beneath major support and open the path toward lower liquidity zones.

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$1,740 emerges as next downside target

Should Ethereum lose the $1,820 level, the next logical technical objective sits near the $1,740 region. This area aligns with historical demand and represents a deeper corrective target within the broader bearish framework.

A move toward $1,740 would likely mark the establishment of a new yearly low, reinforcing the continuation of Ethereum’s high-timeframe downtrend. In trending markets, new lows often occur once key support fails, as liquidity beneath prior extremes becomes an attractive target for price discovery.

Importantly, this scenario does not necessarily imply panic selling but rather a continuation of structural rebalancing. Markets frequently revisit lower support zones before establishing long-term accumulation phases.

What to expect in the coming price action

From a technical, price action, and market structure perspective, Ethereum remains bearish while trading below lost value levels. As long as lower highs continue to form and the $1,820 support remains under pressure, the probability favors further downside expansion.

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A confirmed loss of $1,820 would likely trigger a move toward $1,740 and potentially establish a new yearly low, while any recovery would require Ethereum to reclaim higher value zones and restore bullish momentum.

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Crypto World

South Korea Tightens Crypto Rules with 5-minute Asset Verification Mandate

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South Korea Tightens Crypto Rules with 5-minute Asset Verification Mandate

South Korea has ordered all crypto exchanges to reconcile their internal ledgers with actual asset holdings every five minutes after an inspection uncovered weaknesses in internal controls.

The directive was announced on Monday by the Financial Services Commission (FSC) after a meeting with top crypto exchanges and the Digital Asset Exchange Alliance (DAXA), during which they discussed the findings of an emergency inspection triggered by the Bithumb payout incident.

The inspection found that three of the country’s five major exchanges were reconciling balances only once every 24 hours, limiting their ability to respond quickly to discrepancies. Systems designed to halt trading during major mismatches were also found to be insufficient, raising concerns about how exchanges would handle large-scale errors.

In February, Bithumb mistakenly distributed 620,000 Bitcoin (BTC) to 249 users during a promotional event. The exchange later announced that it recovered 99.7% of the funds the same day. The remaining 0.3%, 1,788 BTC that had already been sold, was covered using company reserves.

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Related: Bithumb seeks to reappoint CEO despite recent controversies: Report

South Korea mandates five-minute asset checks

Under the new measures, exchanges must implement automated ledger-to-wallet reconciliation systems operating on a five-minute cycle. They will also be required to introduce defined criteria for triggering automatic transaction halts in the event of significant discrepancies.

Beyond reconciliation, regulators are pushing for sweeping changes to internal operations. High-risk processes like promotional payouts will require stronger oversight, including third-party cross-checks and multi-level approval systems. Exchanges will also need to separate high-risk accounts and implement automated verification tools for payments.

Top Korean crypto exchanges. Source: CoinGecko

Furthermore, external audits will shift from quarterly to monthly, while disclosures will expand to include detailed asset balances by wallet and ledger.

“The financial authorities and the DAXA plan to complete the rule changes needed to implement the improvement measures within April this year,” the FSC wrote.

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Related: South Korean brokerage Korea Investment & Securities eyes Coinone stake: Report

Bithumb delays IPO to post-2028

Last week, Bithumb announced it is now targeting an IPO after 2028, marking another delay from its earlier 2025 plans as it works through restructuring and regulatory pressure. The exchange said it will focus on strengthening accounting policies and internal controls through 2027, following an advisory agreement with Samjong KPMG.

Meanwhile, Naver Financial has also delayed its planned share swap with Dunamu by about three months, now targeting a shareholder vote on Aug. 18 and completion by Sept. 30.

Magazine: South Korea gets rich from crypto… North Korea gets weapons

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