Ethereum Faces Broad Pullback as Momentum Weakens

Ethereum's recent price movements have been marked by repeated failures to reclaim the $1.95K level, its 100-day moving average.

This has weakened short-term momentum and increased the probability of a broader pullback if key support levels fail to hold.

On the daily chart, ETH's outlook is shifting toward a bearish bias after multiple failed attempts to reclaim the 100-day MA. The repeated rejection from this dynamic resistance, combined with the emergence of bearish daily candles, suggests buyers are losing momentum.

The descending channel on the daily chart remains a critical support level for Ethereum. If sellers push the price back inside this channel, it would confirm a bearish continuation and likely trigger a deeper decline toward the $1.56K to $1.64K demand zone.