ETH extends decline with MACD signaling strong sell momentum: weekly forecast

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Ethereum slides 7.46% this week

Highlights

Ethereum trades below major moving averages, confirming continued bearish pressure and negative medium- to long-term trends.
Momentum indicators reflect seller dominance and mildly oversold conditions, with persistent weakness and little evidence of reversal.
Next week, Ethereum is expected to range between $2,090 and $2,215, with high probability of sideways or further downside movement.

Leadership exits and staking growth redefine weekly governance and trust signals

The Ethereum Foundation has experienced several high-profile departures this week, including Carl Beek, Julian Ma, Tomasz Stańczak, Tim Beiko, and Barnabé Monnot, which has sparked governance and leadership concerns within the community. These changes directly impact areas such as cryptoeconomics, scaling, and protocol development, with notable contributions like faster bridging times between Layer 2s and mainnet, and improved censorship resistance. In parallel, staking participation has increased and some large holders, including Bitmine, have boosted their staked ETH balances, reflecting ongoing trust in the network's fundamentals.

Bearish momentum deepens over the week amid technical oversold conditions

On the weekly chart, Ethereum displays pronounced bearish momentum: it remains well below its MA-20, MA-50, and MA-200, with the MA-20 acting as dynamic resistance. The MACD signals a strong sell, the ADX shows a weak trend (17.41, Neutral), and the RSI sits at 39.45 (Sell), highlighting mild oversold conditions. Other oscillators like Stochastic RSI and CCI are neutral, while a deeply negative Bull/Bear Power (-99.39, Oversold) confirms prevailing seller control. The asset’s price persists in the lower part of its weekly range, underscored by high volatility of 11.65%.

Sideways bias expected as weak indicators limit rebound risk next week

Looking ahead to the next 7 days, Ethereum is likely to consolidate between $2,090 and $2,215. With none of the key weekly indicators showing bullish momentum, continued sideways or slightly lower movement is the baseline scenario. Should price overcome resistance at $2,215, a brief rebound may occur, but the probability is very low (less than 20%). If the price falls below $2,090, further downside toward recent lows is expected as bearish bias dominates.

Viktoras Karapetjanc, Traders Union expert, sees that Ethereum faced a challenging week, driven by a sharp 7.46% decline and governance turbulence following high-profile departures from the Ethereum Foundation. He believes that despite this negative momentum and the asset trading below key moving averages, there are constructive signals — a rise in staking confidence and ongoing network participation from large holders. The macro and sentiment backdrop remains turbulent, but longer-term fundamentals stay resilient in Karapetjanc's view. While the coming week may see further consolidation or mild downside, he highlights potential for a rebound if key resistance levels are reclaimed. "Ethereum's leadership shakeup could be a catalyst for renewal, and I see opportunity for patient investors as the market seeks stability this week."

Earlier, analysts noted that persistent security concerns, governance instability, and technical weakness contributed to a prevailing bearish outlook for Ethereum. The current market action and key leadership departures meaningfully reinforce that cautious stance, making it essential for traders to monitor $2,090 as a critical support level for potential downside risk in the week ahead.

Source of Data: ETH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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