Ethereum remains under pressure after another rejection from key weekly resistance. However, one chart suggests ETH may still revisit higher price zones before the broader trend fully plays out. Ethereum Faces Fresh Breakdown Risk After Rejection From Key Resistance Ethereum (ETH) is showing another bearish rejection from a major resistance zone, according to analyst Moe. The weekly chart compares the current setup with a previous failed breakout structure that led to a sharp multi-month decline. Ethereum Weekly Chart (ETH/USD). Source: Moe on X / TradingView The chart highlights a major resistance band near the current price area, where ETH has failed to build a sustained breakout. The blue circle marks the latest rejection attempt, similar to the earlier rejection shown on the left side of the chart. In the previous structure, ETH consolidated below resistance, briefly moved into the zone, then reversed lower. The analyst suggests the current setup may follow a similar path if sellers continue to defend the same type of resistance area. The red projection on the chart points to a possible extended downside move into 2027. While the target is not marked with a specific price label, the chart suggests ETH could face a deeper correction if the rejection confirms. For now, the key level is the green resistance zone. A clear breakout above it would weaken the bearish setup, while another rejection would keep downside risk in focus. Ethereum Leaves Unfilled Gap Above Current Price as Analyst Predicts Surprise Move Ethereum (ETH) may still have unfinished business above current levels despite its recent decline, according to analyst Moe. The chart highlights a previous candle structure with little or no upper wick, suggesting a potential revisit of higher prices before the broader trend is resolved. Ethereum Weekly Chart (ETH/USD). Source: Moe on X / TradingView The analysis compares two similar price structures that formed during Ethereum's recent market cycles. In both cases, ETH rallied, formed a local top, and then entered a sharp decline after failing to maintain momentum. The blue circles highlight candles with limited upper wicks near local highs. According to the analyst, these areas represent price zones that remain unfilled and could attract future market activity. The chart notes that ”price above will be filled,” implying Ethereum could eventually revisit those levels. At the same time, the red arrows show that a further decline may occur before any larger recovery develops. The previous setup followed a similar path, with ETH moving lower before eventually revisiting higher price areas. From a technical perspective, Ethereum remains under pressure after losing several key support levels. However, the chart suggests traders should also monitor overhead zones near the previous swing highs, as they may become important targets if buying momentum returns. For now, the analysis presents a mixed outlook: short-term downside risk remains, but the presence of unfilled price areas above current levels keeps the possibility of a future recovery on the table.
