Ethereum Sweeps The February Lows - Where Now?Ethereum / TetherUSBINANCE:ETHUSDTDukesMarketAnalysisFebruary Support Briefly Lost • Ethereum has now traded below the February low at $1,747, printing a fresh 4-month low at $1,717. • However, buyers have stepped in and pushed price back above the level, leaving the breakdown unconfirmed for now. Daily & Weekly Closes Now Matter • The key question is whether ETH can close back above the February low. • A successful reclaim would strengthen the case that this was a liquidity sweep rather than the start of another major leg lower. Double Top Still Looms Large • The bearish double top near $2,400-$2,465 remains the dominant pattern on the chart. • Since that formation completed, price has continued to trend lower with a clear sequence of lower highs and lower lows. Bearish EMA Structure Remains Intact • The 100/50-Day EMAs remain bearishly crossed and continue to slope lower. • Former support around $2,220 remains the major resistance area bulls need to reclaim. Momentum Deeply Oversold • Daily RSI has fallen into oversold territory. • Stoch RSI also remains pinned near oversold levels, reflecting the intensity of the recent sell-off. Selling Pressure Still Elevated • Volume has increased during the decline, suggesting sellers remain active. • Until buying volume begins to outweigh the recent distribution, rallies may continue to face resistance. In Summary Ethereum has swept below the February low but has not yet confirmed a decisive breakdown. The next daily and weekly closes are critical, as a move back above support would raise the possibility of a liquidity grab rather than a clean bearish continuation. Even so, the double top structure, bearishly aligned moving averages, increasing selling pressure, and weak momentum profile continue to favour the bears. Bulls need a swift reclaim of lost support to change the current outlook.