Ethereum Price Prediction: ETH Risks $2.8K Drop on Rejections

TLDR

• ETH repeatedly rejects the $3,000–$3,100 zone, forming lower highs since July.
• Loss of $2,900 shifts focus toward the critical $2,800 support area.
• Intraday charts show seller control, though fatigue is emerging near $2,840.
• Falling ETH revenue highlights rising layer-1 competition despite L2 growth.

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Ethereum (ETH) is under pressure as repeated failures near key resistance continue to shape short-term direction. Analysts highlighted weakening momentum on both daily and intraday charts, with downside risks building if critical levels fail. At the same time, shifting revenue dynamics across layer-1 networks add a broader fundamental backdrop.

Ethereum Price Struggles Below $3,100 Resistance Zone

According to analyst Ted, ETH chart shows persistent rejection at the $3,000–$3,100 resistance band since July 2025. Each attempt to break higher has resulted in pullbacks toward the $2,800 support zone. This pattern of lower highs reflects fading bullish strength amid wider market uncertainty.

SOURCE: X

The recent move below $3,000 reinforces seller control in the short term. However, volume remains moderate, indicating the absence of panic-driven selling. This suggests consolidation rather than capitulation, keeping the market range-bound for now.

Ted noted that failure to reclaim $3,000 soon could expose the $2,800 zone once again. That level has previously attracted buyers and remains a key area to monitor. A daily close above $3,100 would be required to shift the wider structure back toward a bullish bias.

Intraday Downtrend Signals Seller Control Near $2,900

Meanwhile, analyst Lennaert focused on short-term weakness visible on the 1-hour chart. Price action shows a grinding downtrend, marked by rejections near $2,990 and a loss of the $2,900 low. Lower lows and fading volatility point to continued downside pressure.

SOURCE: X

Despite the bearish structure, signs of seller fatigue are emerging near the $2,840 support level. Volume spikes during recent retests suggest active participation, though not yet strong enough to confirm a reversal. The analyst emphasizes that the trend remains negative until key levels are reclaimed.

According to the analyst, short positions become higher risk once lows are lost and retested. Long exposure, however, requires clear confirmation at support. Ethereum price may need additional time to base before a sustainable rebound develops from current levels.

Revenue Shift Highlights Network Competition

Additionally, data shared by analyst Gerla places Ethereum’s technical outlook within a changing fundamental landscape. An annual revenue comparison shows Ethereum declining from over $5 billion at its peak to roughly $522 million in 2025 year-to-date. Over the same period, Solana’s revenue surged sharply, narrowing the gap.

This divergence reflects structural changes within the Ethereum network. Increased use of layer-2 solutions has reduced base-layer fee capture, impacting revenue metrics. While this improves scalability, it alters how value accrues at the protocol level.

SOURCE: X

The data underscores intensifying competition among layer-1 blockchains. Although revenue trends do not directly dictate price movements, they influence long-term narratives. For Ethereum, maintaining relevance amid these shifts remains a key consideration alongside near-term technical levels.

Ethereum price action remains constrained between strong resistance and critical support. Analysts agree that confirmation at key levels will determine the next directional move. Until then, market participants continue to watch volume and structure for clearer signals.

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