Ethereum's bearish divergence is intensifying and will require significant technical work to prevent a rollover toward $1,686
Too little corroboration in the last 3 days to call a trend (2 articles). Watching for it to gain traction.
Sources identify an intensifying bearish divergence in Ethereum's price action, warning that without significant technical repair work the asset could roll over toward $1,686 support. The analysis notes that ETH remains 50% below its August 2025 all-time high near $4,953, with substantial trapped supply overhead creating resistance.
Bearish divergences—where price makes new highs but momentum indicators do not—often precede sharp reversals because they indicate weakening conviction among buyers; trapped supply overhead acts as a magnet for profit-taking, making these patterns reliable predictors of consolidation or pullback phases.
"ETH sits 50% below its August 2025 all time high near $4,953, trapped supply overhead is massive."
""Analyst Cold Blooded Shiller said on X that bearish divergence on ETH is getting very clear and the chart needs significant work to stop a rollover. He sees $2,000 as a potential liquidity sweep target before the price falls toward roughly $1,686.""