Ethereum (ETH) Price Prediction: ETH Tests Critical Structure as $2,100 Reclaim or $1,850 Breakdown Defines Next Move

Ethereum price is approaching a decisive technical zone as bearish structure, oversold momentum signals, and rising on-chain activity shape its near-term outlook. According to Brave New Coin data, Ethereum is trading near $1,960, positioning the asset between major resistance and downside risk levels that could determine its next directional move.

While short-term price action remains weak following extended selling pressure, analysts highlight signs of structural exhaustion and long-term accumulation that could influence Ethereum’s broader recovery.

Bearish Pennant Structure Keeps ETH at Risk

Market analyst Ted Pillows notes that Ethereum is currently forming a bearish pennant structure, reflecting continuation pressure following the recent decline.

From a structural perspective, ETH faces key resistance near the $2,100 level, which acts as the invalidation point for the bearish setup. A confirmed daily close above this region could shift momentum and open room towards the $2,400 resistance zone, signaling trend recovery.

Ethereum forms a bearish pennant structure as price tests key levels, with $2,100 acting as resistance and $1,850 as critical support. Source: Ted Pillows via

However, downside risk remains significant if support fails. According to the analyst, a daily close below $1,850 would confirm structural weakness and potentially trigger a move towards lower cycle lows, reinforcing the broader corrective trend.

Oversold Conditions Suggest Potential Relief Bounce

Despite bearish structure, Mister Crypto highlights that Ethereum has reached extremely oversold conditions on higher timeframes. Historically, similar momentum readings have preceded short-term bottom formations and relief rallies.

Ethereum enters deeply oversold territory as RSI signals potential selling exhaustion. Source: Mister Crypto via X

The Relative Strength Index (RSI) has entered oversold territory while price approaches prior reaction zones, suggesting selling pressure may be reaching exhaustion. If buyers step in near current levels, ETH could attempt a recovery towards the $2,050–$2,100 resistance region.

However, oversold conditions alone do not confirm trend reversal and require price confirmation through higher highs and reclaimed resistance.

Ethereum and Long-term Staking Dynamics

Beyond technical structure, on-chain data provides a more constructive long-term narrative. Crypto Rover reports that more than 30% of Ethereum’s total supply is now staked, marking a record level of network participation.

More than 30% of Ethereum’s total supply is now staked. Source: Crypto Rover via X

Rising staking ratios reduce the liquid supply available on the market, which historically strengthens long-term price conditions by tightening the circulating supply and supporting structural demand. This growing network commitment suggests increasing investor confidence despite short-term price weakness.

From a macro perspective, reduced sell pressure combined with steady accumulation often supports stronger recovery phases once market liquidity improves.

Historical Fractal Points to Possible Cycle Bottom

Adding another structural perspective, Axel Bitblaze compares Ethereum’s current market behavior to previous cycle patterns. The analysis suggests ETH may be following a similar sequence seen in prior market phases, topping structure, loss of key moving averages, aggressive sell-off, and eventual bottom formation.

The analyst highlights Ethereum’s loss of the 50-week EMA as a key structural shift that historically precedes deeper corrections before longer-term recovery cycles begin. If the fractal continues to play out, ETH could form a macro bottom after extended consolidation.

Ethereum’s price structure mirrors past market cycles, with the loss of the 50-week EMA suggesting a potential macro bottom formation phase. Source: Axel Bitblaze via X

Such historical comparisons remain speculative but reinforce the view that Ethereum may be entering a late-stage downside here.

Buyers and Sellers Battle for Control

Ethereum’s current price action reflects a clear battle between buyers attempting to hold the market and sellers maintaining broader control of the trend. Bulls need a decisive move above $2,100 to regain confidence and shift sentiment towards a recovery phase, potentially driving price towards $2,400.

However, continued weakness below $1,900–$1,850 would strengthen bearish positioning and increase the likelihood of further downside expansion towards major demand zones near $1,700–$1,500, where long-term participants may reassess value.

Outlook: Where Could Ethereum Go Next?

Ethereum is currently navigating a transition phase rather than a confirmed trend. While oversold momentum and strengthening network fundamentals support long-term optimism, the price still needs to reclaim key resistance levels to confirm recovery.

Ethereum was trading at around $1,962.95, up 1.28% in the last 24 hours at press time. Source: Brave New Coin

If market structure improves above $2,100, Ethereum could begin rebuilding bullish momentum. Until then, price behavior around support levels will determine whether the current move develops into strength or further downside expansion.