Ethereum price risks further correction as bullish volume fades

Ethereum price continues to show weakening momentum as bullish volume fades and bearish candles strengthen, increasing the likelihood of a deeper correction toward key lower support levels.

Ethereum’s (ETH) recent price movements reflect growing downside pressure as bullish momentum continues to fade across higher time frames. A series of bearish engulfing candles, combined with weakening buyer participation, has shifted the market’s tone toward caution.

Even as BitMine ramps up Ethereum accumulation with a large-scale purchase, overall trend conditions continue to deteriorate, leaving Ethereum at risk of extending its correction into deeper support zones.

Ethereum price key technical points

• Bearish engulfing candles and rising sell volume signal weakening bullish momentum
• Major support sits near $2,222, aligning with weekly support, value area low and the 0.786 Fibonacci
• Local bounce remains weak, keeping short-term trend structure bearish

Ethereum’s price structure has begun to deteriorate as bullish volume continues to fade. Higher-time-frame candles are printing consistent bearish engulfing formations, highlighting that downside pressure is strengthening. This behaviour often precedes deeper corrective moves, especially when paired with rising sell-side volume.

The primary downside target now sits around $2,222. This zone holds significant technical importance, combining weekly support, the value area low, and the 0.786 Fibonacci retracement. Such a strong confluence of levels typically acts as an important reaction point in Ethereum’s broader market structure.

Another key region to be aware of is the Point of Control, which aligns with the 0.618 Fibonacci zone. This area previously attracted high trading activity and may serve as a reference level if Ethereum rotates back upward in the future. However, current conditions continue to lean toward further downside until stronger signals appear.

Although Ethereum recently experienced a local bounce, the recovery has been technically weak. Momentum indicators show limited strength, and lower-time-frame structures remain firmly bearish. These shallow responses are common during corrective phases and often indicate that another leg down may form before any meaningful upward reaction, even as some analysts argue Ethereum could eventually lead the next rally due to a catalyst most investors are overlooking.

With selling pressure increasing and no substantial bullish volume stepping in, Ethereum remains vulnerable. Monitoring how price interacts with upcoming support levels will be crucial for understanding whether the correction is nearing exhaustion or if a deeper move is still unfolding.

What to expect in the coming price action

If current conditions persist, Ethereum may continue to slide toward the $2,222 support region. A significant shift in momentum or a sustained reclaim of key structural levels would be required to challenge the existing downtrend. Until then, market structure continues to suggest a broader corrective phase.