Ethereum Price Prediction: ETH Breaks Flag as Final Dip View Builds

Key Insights:

• Ethereum price fell below $2,150 and traded near $2,113 after a 3% daily drop.
• Ali Charts said ETH appears to be breaking down from another daily flag pattern.
• Analysts now watch $2,050–$2,070 as the next key support zone for ETH.

Ethereum price traded near $2,113 after dropping more than 3% over the past 24 hours. The decline pushed ETH back below the key $2,150 support level and renewed concerns about a broader breakdown toward lower demand zones.

Market sentiment remains divided. Some analysts believe the latest structure confirms bearish continuation, while others argue Ethereum may be approaching a final capitulation move before stronger recovery conditions emerge.

Ethereum Price Loses Key Structure

Ali Charts said Ethereum price appears to be breaking out of another flag pattern, reinforcing the importance of the $1,100 area as a major accumulation zone. His daily chart showed ETH losing the lower boundary of a rising structure after weeks of sideways movement below stronger resistance.

The pattern suggests that sellers have regained short-term control. The chart points toward lower levels if the breakdown continues, with $1,720, $1,420, and $1,130 marked as possible downside areas. That outlook gives bears a clear argument as ETH struggles to hold above $2,100.

However, the same chart also shows that Ethereum has already undergone a significant correction from higher levels. Therefore, traders may watch whether the breakdown leads to a full bearish continuation or only a final flush before stronger buying returns. At press time, ETH remains close to the breakdown area.

Analyst Watches $2,050 ETH Crypto Support

Ted Pillows noted that ETH crypto price dropped below $2,100 after failing to hold the $2,150 support zone. According to his chart, the next key support sits between $2,050 and $2,070. That zone may provide room for a short-term bounce if buyers step in.

He also said Ethereum price is oversold on the 4-hour timeframe. Oversold conditions do not guarantee a reversal, but they often increase the chance of a relief bounce when the price reaches support. In this case, ETH has already moved sharply lower from the $2,400 resistance region.

The upside path remains clear if bulls defend the next support band. A bounce could push ETH back toward $2,170 first. After that, buyers would need to reclaim $2,400 to confirm stronger recovery momentum.

Still, the downside risk remains open. If ETH loses $2,050, the price could move toward the wider demand zone near $1,800. That would align with other bearish projections and place more pressure on short-term traders.

ETH Crypto Final Dip View Gains Attention

Furthermore, Trader Tardigrade offered a more bullish interpretation. He suggested Ethereum price may be preparing for a “final dip” on the 3-day chart before a larger move higher. His chart compared the current structure with an earlier cycle, where ETH dipped after a channel break before launching into a major rally.

The chart showed ETH moving inside a rising channel, then breaking lower into a final washout zone. After that, the projected path points sharply higher, with the price eventually moving toward the $5,000 to $6,500 area.

This view depends heavily on historical repetition. It does not confirm that Ethereum has already bottomed. However, it shows why some analysts still see the current weakness as a late-stage correction rather than the start of a deeper bear trend.

For bulls, the key signal would be a strong rebound from the $2,050–$2,070 zone or a fast recovery above $2,150. Without that, the final dip scenario remains early and unconfirmed.

Ethereum Price Bear Trap Comparison Adds Context

More so, Ryker also compared the current ETH crypto weekly setup with price action from about one year ago. His chart labels both structures as “bear trap candles,” suggesting market makers may be forcing bearish sentiment before a stronger reversal.

The comparison shows Ethereum forming a weak weekly candle near support, similar to a previous setup that preceded a major upside move. Ryker argued that the bearish candle may deceive traders if ETH later rebounds sharply.

Despite it all, the market is still awaiting confirmation. Ethereum price prediction now depends on whether the latest decline becomes a breakdown or a bear trap.

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