Altcoins News
By Dan Saada
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Short-Term Structure Has Broken Down. The 4-hour chart is where things got worse fast. Ethereum broke below its ascending trendline,…
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Coinbase Premium Stays Negative. The technicals aren't the only problem. The Coinbase Premium Index is still negative, which means…
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Ethereum keeps hitting a wall. Multiple attempts to clear the $2,000 range have gone nowhere, and the chart is starting to look pretty ugly for anyone holding a long position…
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The repeated failures near $1.95K — right where the 100-day moving average sits — are the clearest sign that buyers just don't have enough firepower.
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The 4-hour chart is where things got worse fast. Ethereum broke below its ascending trendline, which basically handed short-term control back to sellers.
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The immediate support sits between $1.85K and $1.87K. That's the line in the sand right now. Lose it, and the next stop is probably the $1.75K to $1.
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There's a path back for bulls, but it's narrow. Reclaiming the $1.88K to $1.91K supply zone would shift the 4-hour picture back toward neutral and give ETH a shot at challenging…
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The technicals aren't the only problem. The Coinbase Premium Index is still negative, which means ETH is trading at a discount on Coinbase compared to other major exchanges.
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See also: Crypto PAC Tops $2 Million in Michigan Race Tied to Fairshakes $82M Election Push
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Historically, sustained positive premiums on Coinbase have lined up with bullish trends. The flip side is also true.
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That's the real problem underneath all the chart patterns. Technical support levels can hold for a while, but if there's no demand coming from serious buyers, those levels…
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Ethereum has been here before, grinding near key support while sentiment stays murky. The difference now is that the structure looks more fragile.
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Bulls need a catalyst. Maybe it's a broader crypto market move, maybe it's some shift in macro sentiment — unclear what exactly would do it.
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More context: Fake IRS Letters Are Draining Crypto Wallets — Heres the Infrastructure Behind It
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The $1.85K to $1.87K zone is holding for now. Watch it closely. A clean break below that level, especially on volume, would likely accelerate the move toward $1.75K to $1.79K.
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