PelinayPA2026-01-21

Could a Crash Be on the Way?

The Binance Price & Volume chart shows that the macro structure is still in a sideways trend near the highs. Although higher lows have been preserved since the 2020 bottom, there has been no formation of a new high in recent months. With the latest move, price was sharply rejected from the $4.8K region and has pulled back to around $2.9K. The EMA(7), EMA(14), and EMA(30) structure signals a short-term correction. Historically, pullbacks of this type tend to form a new accumulation zone without breaking the main trend. On the Spot Taker CVD (90-day) chart, Taker Sell Dominant (red) bars are currently prominent. However, in the past these red phases have mostly appeared around local bottoms or just before bottoms. In particular, during 2021, 2023, and 2024, periods of increased taker selling were followed by a phase of sideways price action and then an upside breakout. At the moment, aggressive sellers are present, but this selling pressure has not yet been able to push price below a new major low. This suggests that we are likely in a pre-bottom phase. When both charts are considered together, it can be argued that price is currently in an accumulation zone and that a breakout may be approaching. However, based on historical similarities observed when combining these two charts, such periods have often been followed first by sideways consolidation and then by a sharp downward breakdown. In summary, Ethereum’s price may be in the final stretch before a potential crash.