11 June 2025
Dubai, UAE
Ethereum’s price has broken crucial support levels, signaling a strong downward bias driven by both technical triggers and macroeconomic pressures.
Key Bearish Drivers
1. Bear Flag Pattern
A prolonged consolidation following a sharp drop has formed a classic bear flag—often a precursor to a renewed decline. If Ethereum fails to reclaim the $2,865 resistance and remains trapped in this formation, it could fall sharply toward the bear flag target near $2,135
2. Range Breakdown & Distribution Signals
ETH has bounced inside a range between $2,750–2,800, but weakening momentum and repeated failures to break higher strongly suggest distribution. A decisive break below $2,700 (with fallback toward $2,611–2,600) could trigger further downside, potentially dragging prices to the $2,400–2,500 zone .#BinanceFutures
3. Changelly Technical Forecast
Changelly directly forecasts a –0.9% drop by June 12, reinforcing the likelihood of near-term weakness .
Technical Expert Analyst @Jainjosevalooran , Speaking about an eye on #ETHBearishSetup
4. Macro Pressures & ETF Outflows
Spot ETH ETFs are experiencing sustained outflows; combined with recent pullbacks in staking and broader crypto fear, this creates unfavorable conditions for demand
Technical Support Levels to Monitor
Price Level Significance
$2,700 / $2,611 First critical support: breach → deeper sell-off likely
$2,400 – $2,500 Secondary support: may slow declines, but any break below leads toward $2,200+ zones
$2,200 Bears’ target if $2,400 zone cracks
⚠️ 3‑Day Outlook
• High probability of further dip toward $2,611–2,600 if ETH snaps decisively below $2,700.
• Breaching the $2,400 mark could open the path to further downside near $2,200.
• A rebound above $2,800–2,850 is needed to alleviate bearish pressure—expect attempts, but bearish momentum remains strong.
What Traders Should Do
• For bears:
• Consider shorting on breakdowns below $2,700 or $2,400.
• Set stop-loss above $2,800–2,850 to shield against false breakouts.
• For cautious bulls:
• Wait for confirmed support close to $2,400–2,500 or a breakout above $2,850 before entering.
• Risk managers:
• Use tight stops and scale into positions gradually—volatility remains elevated, even in a downtrend.
Final Take
Ethereum’s current chart structure, ETF outflows, and broader macro signals strongly favor a bearish scenario over the next 72 hours. Traders should prepare for downside continuation—levels to watch: $2,700 → $2,611 → $2,400 → $2,200 .
Technical Trend Expert Analyst @Jainjosevalooran and @CoinDesk views are almost accurate. $ETH
