ETH is currently struggling against a critical resistance level—the Fibonacci 0.5 mid-range. After breaking below this multi-year support, the pattern looks bearish. What we're seeing unfold: the price tested below the level, bounced briefly, but the structure suggests more downside ahead. If the retest holds as resistance, expect continued selling pressure. This kind of breakdown often precedes further consolidation lower. Traders watching the ETH/USD pair should keep an eye on whether this level holds on bounce-backs or if we're looking at a full break-and-drop scenario.