Date: Wed, Oct 22, 2025 | 05:50 AM GMT
The cryptocurrency market continues to show choppy momentum, with total 24-hour liquidations reaching $655 million. Of that, $354 million came from long positions while $301 million in shorts were wiped out — a clear sign of intense two-sided volatility.
Amid this turbulence, Ethereum (ETH) has turned red again, slipping back near $3,850 after hitting a 24-hour high of $4,109. The latest technical setup on its lower timeframe now suggests that further short-term downside could be on the horizon.
Descending Triangle Pattern in Play?
On the 4-hour chart, ETH appears to be consolidating within a descending triangle pattern — a formation often seen as a bearish continuation signal. This structure features a series of lower highs pressing down on a horizontal support base, indicating waning buying momentum.
The most recent rejection from the descending trendline near $4,037 has added pressure, pushing prices down to around $3,849. Sellers currently appear to be in control as ETH struggles to reclaim higher levels.
What’s Next for ETH?
If downside pressure continues, a breakdown below the $3,822 support range could open the door for a deeper move toward $3,675, representing a potential 4.75% decline from current levels. This move could also weigh on the broader altcoin market, as Ethereum’s price action often influences overall sentiment.
However, if bulls manage to defend the $3,800–$3,820 zone, ETH could remain in consolidation before attempting another test of the descending resistance line. A confirmed breakout above that trendline could invalidate the bearish setup and reignite bullish momentum.
For now, the balance of risk leans slightly to the downside — but as always in crypto, volatility can quickly shift momentum in either direction.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
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