Ethereum Deep Dive Below $3,700 – Bearish Signal, Is This Just a Pause Before the Big Wave?

Ethereum is trading below the $3,700 level after several days of strong volatility and increasing instability. Recent price movements clearly reflect the struggle of the buyers in protecting important bridge zones, as the downtrend continues to dominate short term trends. Despite numerous recovery efforts, Ethereum has yet to regain important resistance levels, raising concerns about the potential for deeper corrections in the short term. However, solid fundamental factors such as the increasing adoption by institutions, the development of the network, and broader market developments continue to support the bullish thesis for Ethereum in the coming months. These structural drivers suggest that the current weakness may be part of a healthy consolidation phase before the next major price increase. Top analyst Maartunn has shared important information, indicating that the daily net trading volume ( of Ethereum has shifted to a strong negative level, signaling increasing selling pressure. This index quantifies the difference between buy and sell orders in the market, providing a clear insight into the current sentiment of active traders. The Net Trading Volume of Ethereum Signals a Bearish Dominance Top analyst Maartunn has shared important information about the current market dynamics of Ethereum, emphasizing that the N/A volume of ETH is at -418.8 million dollars )Daily(. This figure indicates that N/A sellers have sold approximately 115,400 ETH more than the amount buyers are willing to absorb through market orders. The N/A volume measures the difference between buy and sell volumes executed at market price, providing a visual insight into the aggressiveness of traders prioritizing immediate execution over optimal pricing.

Such a significant negative N/A volume reflects that market participants with bearish prospects are dominating the order book, intensifying sell orders. This behavior indicates that sellers are not waiting for better prices, highlighting severe short-term bearish pressure that could put pressure on Ethereum prices in the near future. However, this bearish signal appears after several weeks of strong price increases, when Ethereum surged to a local high of $3,940. In this context, some analysts believe that the current selling pressure is a healthier correction rather than a structural trend reversal. Despite the negative N/A volume, the long-term fundamentals of Ethereum — including institutional accumulation, network growth, and widespread adoption trends — remain intact. The current bearish dominance in the futures market serves as a short term warning signal, but has not yet indicated a breakdown of Ethereum's overall bullish structure. Analysts will closely monitor whether ETH can stabilize and maintain key support levels in the coming days. ETH Price Analysis: Consolidation Below Key Resistance Level Ethereum ) is trading at $3,624.67 after a week of volatility with strong corrections and failed breakout attempts. The daily chart shows that ETH is struggling to reclaim the important resistance level of $3,860.80, which has become a psychological barrier after multiple rejections. Although it has bounced back from a local low near $3,360, the buyers are having difficulty maintaining the upward momentum above the zone of $3,700.

The 50-day moving average (MA) at $3,059.75 continues to slope upward, reflecting a long-term bullish trend, while the 100-day MA at $2,742.48 and the 200-day MA at $2,503.32 serve as key support zones. However, in the short term, price action indicates a bearish trend as ETH forms lower highs, suggesting that bullish momentum is waning. The trading volume remains moderate, lacking the necessary breakout to push Ethereum past the resistance level. If ETH does not soon bounce back to the $3,860 mark, retesting the support zone of $3,360 could be a sign. Conversely, a strong close above $3,860 will signal the potential continuation of the upward trend.