Ethereum Faces Uncertainty as Charts Suggest Potential Reversal

Ethereum's recent decline has left it under pressure after rejecting key weekly resistance, but charts suggest the crypto may still revisit higher price zones before the broader trend fully plays out.

According to analyst Moe, ETH has a history of failing to maintain momentum at certain resistance areas. The latest rejection attempt near the current price area is similar to a previous failed breakout structure that led to a sharp multi-month decline.

The chart highlights a major resistance band near the current price area, where ETH has failed to build a sustained breakout. If sellers continue to defend this type of resistance area, the crypto could face a deeper correction into 2027.