Ethereum Price Analysis: Can ETH Maintain Its Recovery? The Next Trading Days Will Be Crucial
Ethereum has staged a notable recovery after suffering a steep decline toward the $1.5K region. While the rebound has improved short-term sentiment, the broader structure remains bearish across higher timeframes, with $ETH still trading below major moving averages and a long-term descending trendline. The coming sessions will likely determine whether this move evolves into a sustainable recovery or merely a relief rally within a larger downtrend. Ethereum Price Analysis: The Daily Chart On the daily timeframe, $ETH remains under significant technical pressure despite the recent bounce from the $1.5K support area. The price briefly swept below the major demand zone around $1.5K before attracting buyers and rebounding toward $1.7K. The broader market structure continues to favor sellers. Ethereum is trading below both the 100-day moving average near $2.1K and the 200-day moving average around $2.4K. This indicates that the higher-timeframe trend remains firmly bearish. In addition, the long-term descending trendline extending from previous highs continues to cap upside attempts and reinforces the prevailing downtrend. The last leg of the selloff established a clear bearish impulse, with the Fibonacci retracement levels now highlighting potential recovery targets where sellers may re-enter the market. The first notable resistance lies at the 0.5 retracement level around $1.77K, followed