ETH Consolidating Between $1,800 and $2,100 as Downtrend Persists

Ethereum is currently trading around the $1,900 mark and is attempting to build momentum on the lower timeframes. As highlighted in our previous analysis, price is now trying to consolidate above the $1,800 support level as bulls look for some relief following the strong sell-off earlier this month. The overall crypto market continues to struggle for any meaningful momentum, and while things have been relatively quiet after the recent downturn, bulls have failed to mount any serious pushback that would signal a potential recovery. Let's take a closer look at the latest Ethereum charts to see where the price could be headed in the coming days.

Our Ethereum Price Prediction Summary

• Ethereum is consolidating between $1,800 and $2,100 with a test of the $2,100 to $2,200 resistance zone likely in the short term.
• The daily downtrend remains intact with ETH continuing to print lower highs and surrender support levels after brief consolidation phases.
• The breakdown below the critical $2,300 weekly support has increased downside risk, with $1,500 as the next major level to watch.

Analyzing the Charts

Consolidation Between Key Levels

Looking at the 4-hour chart, Ethereum has found solid footing at the $1,800 support level and is working to establish a consolidation zone between $1,800 and $2,100. This pattern is fairly common after heavy selling pressure as the market typically either attempts a relief rally or enters a period of sideways movement while bears catch their breath. We can expect ETH to push toward the $2,100 to $2,200 resistance zone in the short term as bulls look to reclaim higher ground. While price will likely remain range bound over the coming weeks, breaking above this resistance could potentially trigger a relief rally and shift the momentum in favor of the bulls for a while.

Daily Downtrend Remains Firmly in Place

Switching to the 1-day timeframe, the consolidation zone between $1,800 and $2,100 that we highlighted earlier is clearly visible here as well and will likely continue to define price action over the next few days. However, zooming out to the broader daily picture reveals a strong downtrend that remains very much intact, with Ethereum continuing to print lower highs and consistently surrendering support levels after brief periods of consolidation. This pattern suggests that despite any short-term consolidation or relief rallies, the overall structure remains weak and vulnerable to further downside. If price does break below the $1,800 support level in coming weeks, the next major area we will be watching sits at the $1,500 mark.

Breaking Below Critical Weekly Support

The 1-week chart shows that Ethereum has broken below the $2,300 level, a crucial macro support that we previously identified as a likely floor for this bearish cycle. With this key level now lost, the probability of further downside has increased significantly. The next major support zone where ETH could potentially find a bottom sits around the $1,500 mark, the same area that acted as the floor during the previous bear market. This breakdown alongside the long-standing downtrend is why our Ethereum price prediction continues to lean toward the bearish side for the foreseeable future.

Final Takeaway: What is Next for Ethereum?

Ethereum remains under pressure across all timeframes with the overall structure continuing to favor the bears. In the short term, ETH is consolidating between $1,800 and $2,100 following a bounce from support, and while a test of the $2,100 to $2,200 resistance zone is likely, price will probably remain range bound over the coming weeks. The daily chart shows a persistent downtrend with Ethereum continuing to print lower highs and surrender support levels after brief consolidation phases. On the weekly timeframe, the breakdown below the critical $2,300 support level has increased the likelihood of further downside, with $1,500 being the next major support area to watch. While some short-term relief remains possible if bulls can reclaim resistance levels, the broader technical picture remains weak and our Ethereum price prediction continues to lean toward the bearish side.