Ethereum Price Prediction: Trap Setup Signals Fakeout Risk

Ethereum is back at a major resistance zone, but the chart suggests the move may not be as strong as it looks. Traders are now watching whether $ETH can break through or set up another fakeout before the broader downtrend resumes.

Ethereum Struggles to Hold Trendline as Trader Waits for Strong Close

Ethereum is testing a key support area again after failing near a prior local top, and trader Elja says only a strong close would turn the setup convincing. The chart shows $ETH pulling back after another rejection near the upper boundary of its rising structure.

ETHUSDT Spot 4H Chart. Source: TradingView / Elja on X

The main pattern on the chart is clear. Ethereum moved higher inside an ascending channel, then pushed above the upper trendline twice before losing momentum. Both highlighted areas mark similar rejection zones, where price broke above resistance but failed to hold. That repeated behavior suggests buyers have not yet secured a clean breakout.

Now, $ETH is sliding back toward the lower trendline of the channel. This area matters because it has supported the trend during the recent advance. If Ethereum closes strongly and reclaims the broken level, the bullish structure could remain intact. However, if the price keeps weakening and closes below support, the chart would point to a deeper pullback instead of immediate continuation.

So, the key message in Elja’s chart is not that Ethereum has already turned bearish. Rather, it shows a market at an important decision point. A strong close would help confirm renewed buyer control, while another weak finish would keep the recent rejection in focus.

Ethereum Hits Major Resistance as Chart Warns of Possible Fakeout Before Another Drop

Ethereum has reached a major resistance zone where the recent rebound could face fresh pressure, according to trader Ted Pillows. The chart suggests the market may first push slightly above resistance, then reverse and continue the broader downtrend.

Ethereum / TetherUS 2D Chart. Source: TradingView / Ted Pillows on X

The key level on this chart is the red resistance band just above the latest recovery area. Price has rallied into that zone after bouncing from lower support, which makes this a critical test for buyers. However, Ted’s setup does not treat that move as a clean bullish breakout. Instead, it warns that Ethereum could briefly move above resistance, trigger breakout expectations, and then fail.

That fakeout scenario matters because the broader chart still shows lower highs and heavy rejection from higher resistance areas over time. In other words, the recent rebound has improved short term momentum, but it has not yet changed the larger bearish structure. The arrows on the chart reflect that uncertainty. One path shows a climb through multiple resistance levels, while the other points to rejection and another move lower.

Ted’s main argument is that Ethereum has not confirmed a long term bottom yet. So, even if the asset breaks above the first resistance zone, traders may still want to see whether it can hold that move and continue higher. If it cannot, the chart suggests the rally may end up as another temporary bounce inside a still fragile structure.

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