Ethereum (ETH) Price Prediction: ETH Tests $1,850 Support as Bearish Pressure Persists

Ethereum price hovered near $2,000 following weeks of selling pressure, with traders monitoring whether ETH can reclaim key resistance or extend losses toward lower support zones. According to Brave New Coin data, Ethereum is trading near $2,052, reflecting short-term strength but with continued downside risks.

Ethereum was trading at around $2,052.42, up 6.44% in the last 24 hours at press time. Source: Brave New Coin

Ethereum Shifting Trend on Lower Time-Frame

A chart shared by Jesse Peralta shows Ethereum attempting to break above a descending trendline that has controlled price action since the recent market peak. ETH is currently testing the $2,240–$2,280 region, a technical resistance zone where prior support turned into supply and where selling pressure previously accelerated.

Ethereum tests a key descending trendline resistance near $2,240–$2,280 as price attempts a short-term structure shift. Source: Jesse Peralta via X

From a structural perspective, a confirmed breakout above this descending resistance would signal weakening bearish momentum and a potential shift in short-term market structure. Such a move could open the path towards higher resistance levels near $2,400 and beyond. However, repeated rejection from this zone would reinforce the ongoing downtrend, confirming lower highs and keeping ETH within a broader corrective channel.

Historical Structure Suggests Long-Term Support

According to Bamboleyo, Ethereum trading below $2,000 resembles the extended accumulation phase seen when ETH traded below $200 in 2019. His long-term analysis highlights Ethereum interacting with a rising macro trend support that has historically marked major cycle bottoms and long-term accumulation zones.

Ethereum trades near rising macro trend support, reflecting a structure similar to its 2019 accumulation phase below $200. Source: Bamboleyo via X

The comparison suggests ETH is approaching a region where long-term participants typically begin reassessing risk rather than chasing downside momentum. While historical parallels do not guarantee a similar outcome, the structure indicates that price is entering a zone where selling pressure historically weakens, and market participation gradually increases.

ETH/BTC Structure Still Under Pressure

Meanwhile, Ted Pillows points to Ethereum’s relative strength against Bitcoin as a major catalyst to watch. His ETH/BTC chart shows price compressing under an eight-year descending trendline, with a breakout potentially triggering strong relative performance.

Historically, major ETH/BTC breakouts have aligned with strong Ethereum market cycles. A confirmed move above this resistance could signal capital rotation into Ethereum and strengthen broader bullish momentum across the market.

ETH/BTC compresses below an eight-year descending trendline, with a potential breakout signaling renewed Ethereum market strength. Source: Ted Pillows via X

Contrary View: Price Rejection Could Prove Costly

A more cautious outlook comes from Mr. CryptoCeek, who emphasizes Ethereum’s ongoing struggle to maintain support near the $2,000 level. His analysis identifies rejection near $2,111 as a critical signal that could trigger further downside towards lower support zones around $1,750 and potentially $1,537 if selling pressure intensifies.

Ethereum faces rejection risks near $2,111, with downside targets at $1,750 and $1,537 unless price reclaims the $2,297 EMA. Source: Mr. CryptoCeek via X

From a technical standpoint, the analyst notes that strong bullish momentum would only return if ETH reclaims the $2,297 EMA, a level that aligns with dynamic resistance and prior market structure. Until price establishes acceptance above this region, Ethereum remains within a corrective phase characterized by weak rallies and persistent downside risk.

Ethereum and Broader Market Liquidity Conditions

Ethereum’s price behavior remains closely tied to broader market liquidity and Bitcoin performance. During periods of reduced risk appetite, capital typically rotates away from altcoins first, amplifying downside volatility in ETH relative to BTC.

This trend is reflected in the weakening ETH/BTC ratio, which has underperformed in recent weeks. Reduced speculative flows and declining trading participation continue to weigh on momentum, limiting the strength of recovery attempts.

Macro conditions also contribute to the cautious environment. Elevated interest rates and volatile equity sentiment have compressed liquidity conditions, affecting Ethereum’s price.

Final Thoughts: Ethereum Price Prediction

Ethereum price remains at a critical technical decision point where price structure and broader market sentiment continue to guide short-term direction. The current setup reflects a market balancing between support defense and continued downside pressure, with confirmation signals still required before any sustained trend shift.

From an Ethereum Price Prediction perspective, traders are primarily watching:

• Support zone: Loss of $1,850 could expose downside towards $1,650–$1,750 demand.

• Recovery trigger: Reclaim of $2,200–$2,300, required to signal strength and weaken bearish momentum.

Until confirmation appears, Ethereum remains in a corrective phase where risk management and level-based trading continue to dominate market behavior.