ETH extends its downtrend after repeated rejections near $4,200 📉, forming a clean pattern of lower highs.
This confirms sellers remain firmly in control of the broader price action.
Price broke below the descending support 🚨, dragging Ethereum toward a key long-term debate zone.
ETH now trades near $3,169, signaling continued bearish dominance.
A retest of the $3,000 level looks likely ⚠️, especially after today’s market-wide crash.
The DMI shows a weak +DI and elevated –DI, strengthening the bearish setup.
The ADX stays above the strength threshold 📊, confirming strong directional momentum behind the slide.
This indicates that bearish pressure remains intact and active.
$ETH is now trading below the broken trendline 🔻, a structure that often leads to one more downward push.
This increases the odds of a final dip before any sustainable recovery can form.
