Ethereum Weekly Crash! From 3044 Straight Down to 2237, Bearish Breakdown Is Inevitable

Author: Trading Vault Master

Ethereum plummeted from the 3044 threshold to around 2237 in a cliff-like drop, forming a weekly bearish breakdown pattern. This is not a mere correction but the inevitable result of triple negative resonances among Bollinger Bands trend, structural patterns, and capital flow. Currently, bottom-fishing is akin to pulling teeth; understanding weekly signals is essential to avoid deep traps!

Bollinger Bands: Opening downward and hugging the lower band, indicating no reversal in the bearish trend

Ethereum’s weekly Bollinger Bands show an extreme bearish pattern: the upper and middle bands are both turning downward simultaneously, with the bands continuously widening. The price directly broke below the lower band support and is running close to the lower band, signaling a strong weekly bearish trend. Previously, the 3044 level was under pressure at the middle band of the Bollinger Bands; instead of breaking through, it expanded downward with increased volume, indicating no support at the lower band. There are no signs of Bollinger Band convergence in the short term, and the price still has the potential to test lower levels beneath the lower band.

Structural Pattern + Breakdown K-line: Key support fully lost, large bearish candle confirms bearish dominance

On the weekly chart, 3044 was the core support of Ethereum’s previous consolidation range. Its breakdown directly signals the collapse of the consolidation structure, turning the previous support into a strong resistance. The weekly chart shows a massive bearish candle, smashing through critical supports at 2800 and 2600 down to 2237. The candle’s body covers nearly 800 points, with volume increasing simultaneously, a typical “volume breakout K-line,” confirming the formation of a weekly bearish trend. No rebound or bullish candles have appeared after the breakdown, indicating heavy selling pressure and no resistance from bulls.

Capital + Spot Market: Continuous capital outflow, spot sell orders crushing buy orders

In terms of capital flow, Ethereum experienced a net outflow of $3.4 billion in stablecoins over the week, hitting a recent high of capital outflow. Funds are continuously retreating from the market, with institutions and large holders fleeing early, becoming the core drivers of the plunge. The spot market shows extreme imbalance: sell volume is several times higher than buy volume. No significant spot buy orders are entering around 2237; retail longs are piling up to buy the dip but lack support strength, leading to a continuous decline after breakdown. Previously, the brief ETF capital inflow was just a short-term game and did not provide substantial bullish support; instead, it became a window for institutions to offload.

Market Outlook: Beware of a second drop, do not bottom-fish without signals

From a weekly perspective, Ethereum’s breakdown is a trend decline. There is no effective support around 2237. If spot buy orders do not enter and capital continues to flow out, the price is likely to test lower levels. For a short-term rebound, watch the resistance at around 2600, which is a key point after the previous breakdown. Failing to break above indicates the rebound is just a trap. To reverse the weekly bearish trend, one must wait for Bollinger Bands to converge, the price to return above the lower band, and volume to increase with bullish candles. Otherwise, any rebound is just a bearish shakeout.

Currently, the market is dominated by a bearish pattern. Do not blindly bottom-fish; the best strategy is to watch more and act less. Wait for clear signs of stabilization on the weekly chart, capital inflow, and volume increase in spot buying before considering further actions.

Follow Trading Vault Master to understand the main trading logic in the crypto market, accurately grasp high and low points, and avoid every crash trap! Like + subscribe for real-time updates on Ethereum weekly signals, never miss out, never get caught in deep traps!

Below, I’ve drawn the weekly trendline, and you’ll understand why the market is consolidating at this level.
#加密市场观察