Ethereum 2-Year Trend Maps Out This Unique Crash Path To Bottom At $2,187
Ethereum’s worth motion has weakened further over the previous 24 hours, with the cryptocurrency falling beneath $3,000 and shedding about 6.8% within the final 24 hours alone.
The rapid worth motion points to reclaiming this $3,000 support, however a longer-term technical view suggests the present decline could also be a part of a a lot bigger and extra outlined worth framework. A macro evaluation shared by crypto analyst Dona examines Ethereum’s habits over the previous two years with a structured vary that implies that the cryptocurrency may backside at $2,187.
Ethereum’s Two-Year Range Still Defines The Bigger Picture
According to the analysis, Ethereum has largely traded inside a broad horizontal vary for shut to 2 years, except for two notable fakeouts: one beneath resistance within the first half of 2025 and one above resistance within the second half of the yr, which led to a brand new worth high of $4,946 in August. On the weekly timeframe, worth has repeatedly revered an higher boundary round $4,000 to $4,100, whereas discovering constant demand close to the decrease vary assist simply above $2,100.
This worth motion has resulted in a construction that resembles an inverse head and shoulders sample on a macro scale. Instead of signaling rapid upside, nevertheless, the formation exhibits how worth has oscillated between these outlined trendlines, with mid-range reactions typically figuring out whether or not Ethereum pushes to resistance or slips back toward support.
At the time of writing, Ethereum is buying and selling inside the mid-range of the two-year vary. Based on this context, the current bearish transfer will be seen much less as a breakdown and extra as a rotation in the direction of the decrease trendline inside the identical long-standing vary.
Why $2,187 Stands Out As A Critical Downside Target
The chart accompanying the evaluation locations specific emphasis on the decrease boundary of the vary close to $2,187. This stage has repeatedly acted as a bounce ground throughout prior downtrends in 2024 and one other one in July 2025.
If Ethereum continues to commerce beneath the mid-range assist at present round $3,000, then the value might observe a well-recognized vary rotation path towards this decrease boundary. This transfer will see Ethereum fall to as little as $2,187.
At the time of writing, Ethereum is buying and selling at $2,928, and remains to be a 25% decline away from $2,187. Although this is able to be tragic for bullish merchants, such a transfer wouldn’t essentially invalidate the broader construction. Instead, it’s going to full one other cycle inside the vary, much like earlier declines that finally transitioned right into a bounce for a rally part.
One of the extra notable elements of the outlook from Dona is the expectation for subdued activity in the close to time period. Aside from range-bound trades, taking directional positions could also be much less enticing as liquidity thins into the tip of the yr. From this angle, the following main transfer is extra more likely to arrive in January 2026.
