Ethereum appears to be gearing up for a deeper drop (4H)Ethereum / TetherUS PERPETUAL CONTRACTBINANCE:ETHUSDT.PbehdarkEthereum (ETH) Analysis: Is Another Major Drop on the Horizon? Since the point marked by the red arrow on the chart, Ethereum appears to have entered a bearish phase. Based on the current market structure and the wave formation, the overall outlook remains bearish, and the recent price action may be part of a larger corrective structure developing within this downward phase. At the moment, ETH appears to be completing the intermediate wave of this bearish phase, which we have labeled Wave D. From a NeoWave perspective, this wave appears to be forming a triangle pattern. As the structure develops, the price reaction within the marked supply zone will be particularly important in determining whether the final leg of Wave D is approaching completion. Key Supply Zone and Potential Scenario The marked supply zone is a critical area to monitor. If this zone continues to hold and buyers fail to establish a sustained breakout above it, Wave D could complete its final leg within this area. In that scenario, Ethereum may face renewed selling pressure, potentially marking the end of the current corrective advance and opening the door for another significant downward move. Targets and Trade Management All potential downside targets are marked directly on the chart. These levels represent the projected objectives for the bearish scenario and should be monitored as the price develops. As always, proper risk management remains essential. Traders should avoid anticipating the move before the market provides sufficient confirmation, and any potential position should have a clearly defined invalidation level. Invalidation Level The bearish scenario remains valid as long as the invalidation condition has not been triggered. A daily candle close above the marked invalidation level would invalidate this analysis and the bearish outlook presented here. If this occurs, the current wave interpretation and the projected downside scenario would need to be reassessed. Final Outlook Ethereum appears to be approaching a potentially important stage in its current bearish structure. The marked supply zone could provide the area where Wave D completes its final leg, potentially followed by another downward move toward the targets shown on the chart. For now, the key is to monitor the supply zone, respect the invalidation level, and wait for clear confirmation rather than assume that the projected decline is guaranteed. Let price confirm the setup. Patience and disciplined risk management remain the priority.