Ethereum (ETH) Price Prediction: Buy Wall at $2,100 Faces Pressure as Weak Structure Signals Possible Breakdown

Ethereum’s recent rejection from higher resistance has shifted focus back towards the $2,100 region, where a key confluence of support and liquidity is now coming into play.

According to data from Brave New Coin’s Ethereum price index, ETH is trading near $2,130, with price showing signs of short-term weakness.

Ethereum was trading at around $2,130, down 2.79% in the last 24 hours at press time. Source: Brave New Coin

This level now represents a critical decision zone, where a hold could sustain structure, while a breakdown may confirm further downside continuation.

Ethereum Faces Key Support as Buy Wall Emerges Near $2,100

Price now shows Ethereum losing short-term momentum after failing to hold above the $2,300–$2,350 resistance region. The structure has since shifted into a corrective phase, with price now approaching a well-defined demand zone near $2,100.

CW8900’s data highlights the presence of a strong buy wall around this level, suggesting significant liquidity interest from buyers. Historically, such zones tend to attract reactions, especially when aligned with previous support regions.

Ethereum approaches a critical $2,100 demand zone as a strong buy wall signals potential support and reaction area. Source: CW8900 via X

If ETH holds this level, the market could stabilize and attempt a recovery towards the $2,200–$2,250 region. However, a clean breakdown below $2,100 would weaken the structure and expose lower levels.

Short-Term Structure Points Towards Support Retest

From a technical perspective, Ethereum is currently trading below recent lower highs, indicating short-term bearish continuation following the latest rejection.

Trader Symba’s analysis shows price moving towards a key horizontal support level near $2,120. Below this, an ascending trendline around $2,000 provides additional dynamic support, forming a layered demand area rather than a single confluence point.

Ethereum nears $2,120 support as weakness builds, with $2,000 trendline as next key level. Source: Trader Symba via X

A successful defense of the horizontal support could trigger a short-term bounce toward higher resistance levels. However, a breakdown below this level would shift focus towards the ascending trendline, with a loss of both supports likely opening the door for a move below the $2,000 psychological region.

Ethereum and Liquidity Positioning in Stablecoin Markets

Beyond price structure, broader liquidity trends are also playing a role in Ethereum’s current positioning.

Recent data indicates that the top 100 USDC wallets on Ethereum now collectively hold over $32.7 billion, marking an all-time high. This suggests that large holders are increasing their exposure to stablecoin liquidity within the Ethereum ecosystem.

Stablecoin liquidity surges as top USDC wallets hit $32.7B. Source: Cointelegraph via X

Such accumulation often reflects capital waiting on the sidelines, typically deployed during periods of market stabilization or confirmed trend reversals. This liquidity build-up can act as a leading indicator for potential future buying pressure once markets go into a risk-on stance.

On-Chain Metrics Signal Long-Term Accumulation Zone

On-chain data shared by Ali Martinez highlights that Ethereum’s MVRV ratio has dropped back into the 0.8–1.0 range, a zone historically associated with undervaluation and accumulation phases. This level reflects periods where the average holder is either at breakeven or sitting on unrealized losses, often marking late-stage corrections.

Ethereum’s MVRV drops into historical accumulation zone, signaling potential long-term bottom formation. Source: Ali Martinez via X

The chart shows that previous entries into this zone have consistently preceded major expansion phases. Past cycles recorded significant upside following similar resets, with returns exceeding +130%, +280%, and even above +5,000% during earlier market phases. Notably, the current structure mirrors prior cycle bottoms, where MVRV compression aligned with price basing before impulsive rallies.

While short-term price action remains uncertain, the positioning of MVRV near the lower bound suggests Ethereum is approaching a generational buy zone from a historical perspective. If this pattern holds, the current phase may represent accumulation rather than continuation of a broader downtrend.

Higher Timeframe Structure Suggests Expansion Potential

A broader chart shared by Javon Marks shows Ethereum following a repeating cycle structure of expansion, distribution, and accumulation. The current phase highlights ETH trading within a clearly defined accumulation range after rejecting from a prior cycle top.

Ethereum follows a repeating cycle structure, with current accumulation phase hinting at potential long-term expansion. Source: Javon Marks via X

Notably, previous cycles recorded significant upside moves, including gains exceeding 16,000% in early cycles and over 4,200% in the following expansion phase.

From an Ethereum Price Prediction perspective, this repeating cycle structure suggests that the market may still be in a re-accumulation phase. If this pattern continues to play out, the chart projects a potential expansion phase ahead, with upside targets extending towards $5,000, $8,500, and potentially above $12,000 over the longer term.

Final Thoughts: Can Ethereum Hold the $2,100 Zone?

Ethereum is approaching a critical technical and psychological level as price tests the $2,100 support region. This area is backed by both liquidity positioning and historical demand, making it a key level for market participants.

At the same time, on-chain data suggests that accumulation may already be underway, with large holders increasing stablecoin exposure and valuation metrics entering favorable zones.

From an ETH price prediction perspective, holding this support could mark the beginning of a stabilization phase, potentially leading to a recovery towards higher resistance levels.