- ETH completes premium Order Block & Fair Value Gap retest – distribution confirmed.
- Clear Bearish Market Structure: Higher High → Lower Low sequence on daily/weekly.
- Critical level to watch: $3,860 – close below opens fast move to $3,660 and $3,500 zone.
Veteran chartist CryptoPatel just issued a stark warning to Ethereum bulls: the premium zone retest is complete, and the broader bearish structure remains firmly in control. According to his latest analysis, ETH has now swept the high-timeframe Order Block and Fair Value Gap sitting in the $3,950–$4,050 area — classic premium liquidity that needed to be taken before any meaningful reversal. With that box ticked, the path of least resistance is once again pointing south.
The macro picture couldn’t be clearer. Ethereum printed a textbook bearish shift: a lower high followed by a decisive lower low on both daily and weekly timeframes. Until price reclaims and holds above the previous higher low (~$3,860), every rally should be treated as a lower-timeframe retracement inside a larger downtrend. Patel’s primary downside targets align with strong on-chain and technical confluence: $3,660 (weekly demand + 0.618 Fibonacci of the entire 2024–2025 rally) $3,500 (2025 volume point-of-control and previous yearly open)
Short-term, any push back toward $3,800–$3,860 is flagged as an ideal bearish re-entry zone. A confirmed daily or 4H close below $3,860 would likely trigger a cascade of stop hunts and long liquidations, accelerating the move toward the $3,660 magnet. While Bitcoin dominance continues to grind higher and macro liquidity conditions remain tight into year-end, Ethereum’s relative weakness stands out. The ETH/BTC pair is also carving lower highs and lower lows, reinforcing that altcoins in general — and ETH specifically — are still in distribution mode.
Bottom line from CryptoPatel: “Bearish On $3,800–$3,860 → Best Short entries.” Traders ignoring the higher-timeframe structure do so at their own peril. Until $3,860 flips to support and a new higher high is printed, the risk/reward heavily favors the bears targeting $3,660 and potentially $3,500 before any structural reversal can even be considered.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
