- Ethereum perpetual futures chart shows clear breakdown from descending trendline.
- Price has dropped from $4,800 highs to around $3,600 in recent weeks.
- Analyst warns it’s “time to pay attention” amid ongoing market correction.
Prominent crypto chartist Ali, known on X as @eli_charts , sparked concern among Ethereum enthusiasts with a post on December 8, 2025, declaring, “It’s time to pay attention! $ETH.” Accompanying the alert was a telling chart of Ethereum’s USDT perpetual contract on Binance, depicting a stark downward trajectory that has traders on edge. The visual centers on a candlestick chart spanning from mid-November to early December 2025, with Ethereum’s price sliding along a steeply descending resistance line. Starting near $4,800, the asset has endured a series of lower highs and lows, culminating in a recent breakdown highlighted by a circled candle at approximately $3,600. This pattern suggests a classic bearish channel, where repeated failures to breach the upper trendline have reinforced selling pressure.
Ali’s timing couldn’t be more poignant. Throughout 2025, Ethereum has ridden a wave of optimism fueled by network upgrades, layer-2 scaling solutions, and institutional adoption via spot ETFs. However, recent macro headwinds—including rising interest rates and regulatory scrutiny—have triggered a broader crypto pullback. ETH, which surged past $5,000 earlier in the year, now grapples with weakening momentum, as evidenced by declining trading volumes and negative funding rates on perpetuals.
What makes this signal noteworthy is Ali’s track record in spotting pivotal turns through technical analysis. The breakdown could portend deeper corrections, potentially testing support levels around $3,000 or even $2,500 if bearish sentiment persists. On-chain metrics, such as reduced DeFi TVL and slowing NFT activity, further bolster the cautious outlook.
Yet, not all is doom and gloom. Bulls might argue this is a healthy retracement within a long-term uptrend, with upcoming catalysts like the Pectra upgrade possibly reigniting upside. For now, Ali’s call serves as a reminder: in crypto’s volatile arena, vigilance is key. Traders should monitor volume spikes and RSI divergences for any reversal hints. As always, this isn’t financial advice—DYOR and manage risks accordingly.
Disclaimer:Â 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.
