Ethereum (ETH) Price Prediction: Bulls Face Rejection at $2,150 Following Flash Crash to $1,750

Ethereum is currently trading near $1,950 and is struggling to build momentum on the lower timeframes. As we predicted in our previous analysis, the price broke below a crucial trendline and lost the $2,750 support level it had held for the past month. This decline intensified when Bitcoin plummeted below $80,000 and triggered a flash crash toward $60,000 which dragged the entire market down. Ethereum was caught in the sell-off and dropped as low as $1,750 before finding its current footing. While the bears seem exhausted and the price is attempting to stabilize, bulls are still finding it difficult to gain any solid ground. Let’s take a look at the latest ETH charts to see where the price might be headed in the coming days.

Our Ethereum Price Prediction Summary

• Ethereum lost its critical $2,750 support following a broader market crash that saw Bitcoin drop to $60,000.
• The price is currently consolidating between $1,800 support and $2,150 resistance with indicators suggesting a short-term relief rally is possible.
• The macro-outlook remains bearish as long as Ethereum stays below $2,400 with $1,500 serving as the next major historical target.

Analyzing the Charts

Daily Outlook and Key Levels

If we look at the latest 1-day charts for Ethereum, the most notable feature is the sharp crash that followed the trendline breakdown we highlighted last month. This was a pivotal move because it increased the pressure on bulls and led to the loss of the $2,750 support level which had held firm for several months. Once that floor broke, Ethereum experienced a major sell-off that was made worse by the broader market bloodbath and the heavy drop in Bitcoin. However, the selling pressure finally seems to have paused. With the RSI approaching oversold levels on most timeframes, we expect to see some relief soon. Currently, the key support level we are watching is $1,800 while the first major resistance that bulls must overcome is the area above $2,150.

New levels to watch for ETH on 1D timeframe as bulls struggle to gain momentum

Resistance Rejection on the 4-Hour Chart

If we switch to the 4-hour timeframe, we can see that the price found support at the $1,800 mark after the crash and bounced back nicely. However, it is also clear that the price is facing rejection at the $2,150 resistance level we highlighted earlier. Ethereum seems to be losing momentum on these micro timeframes again. Despite this struggle, the exhaustion among bears suggests that the $1,800 support will likely hold for now. We expect to see some consolidation here as the price prepares to retest the $2,150 resistance once again. If the bulls somehow manage to break above this level in the coming weeks, it would be a very positive sign and could signal a much-needed relief rally.

Resistance Rejection on the 4-Hour Chart

If we switch to the 4-hour timeframe, we can see that the price found support at the $1,800 mark after the crash and bounced back nicely. However, it is also clear that the price is facing rejection at the $2,150 resistance level we highlighted earlier. Ethereum seems to be losing momentum on these micro timeframes again. Despite this struggle, the exhaustion among bears suggests that the $1,800 support will likely hold for now. We expect to see some consolidation here as the price prepares to retest the $2,150 resistance once again. If the bulls somehow manage to break above this level in the coming weeks, it would be a very positive sign and could signal a much-needed relief rally.

Macro Trend Remains Bearish

Lastly, if we switch to the 1-week timeframe, we can see that the price has broken below the $2,400 mark. We previously highlighted this as a crucial macro level and a likely bottom for the bearish run. However, now that this support has been lost, a further drop in price has become much more likely. The next level where we might expect to see a potential bottom is around the $1,500 mark, which is where the price found its floor during the previous bearish cycle. It is also why our Ethereum price prediction remains leaned towards the bearish side.

Final Takeaway: What is Next for Ethereum

Ethereum continues to face significant downward pressure after losing the $2,750 support and breaking below its macro trendline. While the $1,800 level is currently acting as a temporary floor and oversold RSI levels suggest a potential bounce, the overall market structure remains weak. Bulls need to decisively reclaim the $2,150 resistance to spark a real recovery. However, with the price now trading below the crucial $2,400 macro mark, the risk of a further decline toward $1,500 remains a primary concern for the coming weeks.