Ethereum (ETH) price is facing a complex technical backdrop as short-term bearish signals clash with constructive long-term structure. Recent charts highlight downside risk toward the $1,600 level, while macro analysis continues to support a multi-year bullish trajectory. Key levels around $1,666, near-term resistance, and long-term cycle highs are now central to market focus.
According to analyst Tardigrade, Ethereum price has formed a classic bear flag on the 3-day timeframe following a sharp sell-off from the $4,800–$5,000 zone. The initial decline reflects strong bearish expansion, after which price entered a narrow, upward-sloping consolidation channel. Such formations typically represent corrective pauses rather than trend reversals when they follow impulsive downside moves.
More so, the flag is defined by rising parallel trendlines, signaling compressed volatility and fading upside momentum. During this consolidation, Ethereum failed to reclaim former support levels, which have now flipped into resistance. This behavior suggests buyers lacked conviction, while sellers remained in control of broader market direction.
Moreover, volume trends further reinforce the bearish interpretation. Trading activity contracted during the consolidation phase, indicating a lack of aggressive demand. The projected breakdown from the flag points toward a measured move near $1,666, a level aligned with historical demand from previous cycles. Unless price invalidates the pattern with a decisive reclaim above resistance, downside risk remains elevated.
Meanwhile, according to analyst Lennaert Snyder, lower-timeframe charts show Ethereum price recently executed a liquidity grab below a key support level. A sharp downside wick reflects a stop-loss sweep, where price briefly moved below support before quickly reversing. This type of move is often associated with short-term positioning resets rather than sustained bearish continuation.
Following the liquidity grab, ETH price produced a reactive bounce and reclaimed the intraday support level. This suggests sell-side liquidity was absorbed efficiently, allowing short-term stabilization. However, the rebound remains corrective within the broader bearish structure and has not altered the higher-timeframe trend.
Importantly, the bounce stalled below a clearly defined resistance zone created by prior consolidation and breakdown levels. This reinforces the view that upside remains capped unless price can reclaim and hold above that range. Snyder’s analysis supports the likelihood of tactical relief rallies within a larger corrective environment.
In contrast, Crypto Caesar presented a long-term macro view that remains constructive. The chart tracks Ethereum price behavior back to 2017, highlighting a rising macro trendline that has consistently produced higher lows across multiple cycles. Each major correction has historically resolved into renewed upside expansion.
A recurring feature of the chart is repeated rejection from a red resistance zone near previous cycle highs. These rejections indicate persistent supply, yet price has continued to respect long-term support. The latest pullback shows Ethereum testing, but not breaking, the rising trendline, signaling structural resilience rather than breakdown.
Caesar’s thesis centers on an eventual breakout above this long-standing resistance. While the process may take years, the broader structure remains intact as long as macro support holds. From this perspective, long-term accumulation behavior continues to align with a future expansion toward the $10,000 level once resistance is decisively cleared.
The post Ethereum Price Outlook: Bear Flag Risk vs Long-Term $10,000 Target appeared first on CoinCentral.
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