Ethereum – Short-Term Bearish Outlook as Resistance HoldsEthereum's recent attempt to break above the short-term resistance zone around $1,671 was once again rejected, highlighting ongoing selling pressure and a possible continuation of the downward trajectory—at least in the short term. The current 4H chart setup is showing strong resistance confirmation, which strengthens our conviction that bears remain in control, with a near-term downside target clearly visible.
Price Action and Key Technicals
Looking at the ETH/USD 4-hour chart (April 14, 2025), we observe a consistent failure to break and sustain above the $1,671 resistance. This price zone has acted as a major supply zone in the current cycle, and the recent wick rejections at this level reinforce the case for continued selling pressure.
Price is currently trading around $1,640, holding just below the failed resistance. Given the clear rejection, Ethereum remains vulnerable to another leg lower, particularly as no bullish follow-through has materialized in recent sessions.
The next major level to watch on the downside is $1,567.5, which has served as local support in recent candles. However, our primary profit target remains at $1,457, a price area which has historically attracted demand and marked local bottoms.
On the upside, the stop-loss for this setup is placed above the $1,780.4 level—beyond the previous structural high—to provide adequate room for volatility while still protecting against a trend reversal.
Bearish Setup Summary
Sell Zone: Near current price levels ($1,640 - $1,665)
Key Resistance (invalidates bearish bias): $1,671
Stop Loss: $1,780.4
Take Profit (Primary Target): $1,457
Short-Term Outlook: Bearish
Conviction: Moderate-to-High
While the bearish case currently holds sway, it’s important to stress that this conviction is short-term. Given the broader context of Ethereum’s market cycle and macro crypto sentiment, we could be approaching the end of the current corrective phase. Therefore, this forecast is more tactical than structural, and it will require dynamic re-evaluation once the $1,457 zone is reached or invalidated.
