Ethereum Futures Hold Bearish Bias Below Key Resistance

Ethereum futures are currently trading below $1686-$1691, indicating a bearish bias according to analysis. The price is sitting near the middle of the short-term range, making fresh entries less attractive for traders.

The immediate downside trigger remains at $1658, and if the price breaks and holds below this level, sellers would regain momentum. Downside targets could reach $1580, with $1542 as a larger support reference.

For buyers to argue that the bearish pressure is fading, they need to reclaim levels above $1679-$1680 or even stronger at $1691-$1698. A conservative bullish trader may prefer to wait for acceptance above $1686-$1691 rather than trying to catch a bounce inside the lower balance.

The middle of the range can be an expensive place to be, as both buyers and sellers can get chopped up in this zone. The tradeCompass approach focuses on decision levels rather than emotional entries, emphasizing that the question is not only whether the market is bearish or bullish but also where the trade offers a reasonable risk-reward structure.