Ethereum Faces Fresh Downward Pressure – Target Could Slip to $2,100
Technical charts, on‑chain metrics and recent price action suggest the Ether (ETH) market may be primed for another steep correction.
Key Takeaways
- Support at $2,800 broken: Ether has fallen below a level it has respected since early December 2025, opening the path to lower price zones.
- Chart patterns converge near $2,100: A descending triangle, a symmetrical triangle and a measured‑price target all point to a potential 20‑22 % drop from current levels.
- On‑chain data echo past bear markets: Net unrealized profit/loss (NUPL) has moved into the “fear” zone and the 111‑day moving average is now under the 200‑day MA—both signals that have preceded deeper declines in 2018 and 2022.
Recent Price Action
Over the past three days ETH has slipped more than 10 %, sliding beneath the $2,800 horizontal resistance that has acted as a floor for several months. The breach marks the first time the pair has traded below that mark since 3 December 2025, a development many analysts view as a “do‑or‑die” moment for bullish sentiment.
MetaCryptox, an active commentator on X, warned that failure to defend the $2,800 level “confirms bearish dominance and could open the door to the $2,500 mid‑range.” The next obvious technical hurdle lies at $2,500, where the 200‑week simple moving average (SMA) resides.
Chart Technicals Point to $2,100
Three distinct technical formations are aligning:
- Descending Triangle: The $2,800 resistance line forms the upper boundary of a descending triangle that was broken on Thursday, suggesting a continuation of the downtrend.
- Symmetrical Triangle: ETH/USD has also breached the lower trendline of a symmetrical triangle, a pattern that veteran trader Peter Brandt cites as shifting the “burden of proof” to the bulls.
- Measured‑Price Target: By adding the triangle’s width to the breakout point, the pattern projects a target near $2,100—roughly a 22 % decline from today’s price.
A bearish divergence on the Relative Strength Index (RSI) reinforces the picture. The RSI has slid from the high‑60s in early January to the mid‑30s, indicating dwindling upward momentum.
On‑Chain Indicators Mirror Historical Bear Phases
Beyond price charts, on‑chain analytics are sending similar warnings:
- Net Unrealized Profit/Loss (NUPL): The metric has migrated from a “yellow‑anxiety” band into the “orange‑fear” zone. Historically, this shift has coincided with the onset of extended drawdowns.
- Moving‑Average Crossovers: The 111‑day MA has slipped below the longer‑term 200‑day MA. In both the 2018 and 2022 bear markets, such a crossover preceded substantive downward moves in ETH.
Glassnode data illustrates these patterns, with the NUPL and moving‑average crossovers matching the early stages of prior market contractions.
What Could the Next Few Weeks Hold?
If the $2,800 support proves unsustainable, the $2,500 zone—aligned with the 200‑week SMA—may act as the next interim floor. However, a decisive break below $2,500 could accelerate the slide toward the measured‑price target around $2,100. Conversely, a rebound and successful defense of $2,800 would likely re‑establish a narrower trading range between $2,800 and $3,000, buying time for bulls ahead of any longer‑term recovery.
Traders are also watching the broader crypto environment. Weakness across major tokens has lingered, and any resurgence in risk‑off sentiment could amplify Ether’s decline.
Bottom Line
Technical and on‑chain data are converging on a bearish outlook for Ethereum. While markets can remain irrational longer than expected, the loss of the $2,800 support level, coupled with pattern‑based targets around $2,100 and on‑chain stress signals, suggests that further downside is plausible in the near term.
Investors should monitor price action at the $2,800 and $2,500 levels, watch for any reversal in RSI momentum, and stay aware of broader market risk factors before making allocation decisions.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. All trading carries risk; readers should perform their own due diligence before acting on any market information.
Source: https://cointelegraph.com/news/ethereum-breaks-below-2-8k-charts-hint-another-eth-price-drop?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
