Ethereum Pullback Deepens, But Key Structure Still Signals Bullish Hope

Ethereum’s recent pullback has added pressure to the market, but the broader technical structure continues to show signs of resilience. Despite the decline, ETH remains above several critical support zones, keeping hopes alive that the long-term bullish trend may still be intact if buyers can maintain control at these key levels.

Ethereum Holds Above Critical 2022 Ascending Trendline

According to The Boss, Ethereum’s broader market structure may still be holding firm despite the recent wave of selling pressure across the crypto market. Although ETH has experienced a steady decline over the past week, price action continues to remain above a major ascending trend region that has supported the asset since 2022.

The analyst noted that holding above this long-term trend zone suggests the bullish market structure has not been fully invalidated. Buyers are defending a critical support area, preventing Ethereum from slipping into a deeper structural breakdown for now.

Source: Chart from The Boss on X

As long as ETH continues trading above the ascending trend region, the highlighted yellow zones are expected to remain important resistance levels. Any recovery attempt would likely need to overcome these barriers before stronger bullish momentum can return.

The Boss also pointed out that market fear often intensifies not after a trend is broken, but while key support is still being tested. Current price action reflects growing uncertainty, yet the long-term structure remains technically intact as long as the major support region continues to hold.