Ethereum has been struggling in recent months since hitting a new all-time high in August 2025. The last quarter of this year was particularly tough, with crypto prices dropping more than 29% in the fourth quarter of 2025. Despite this terrible performance, the situation has not improved and technical indicators continue to point to further decline for the altcoin. The latest of these is the emergence of a descending triangle structure, which promises further declines.
Ethereum price is not bullish yet
As crypto analyst Alpha Trade Scope points out in a post on TradingView, Ethereum’s price chart still shows significant signs of weakness. For example, the price of digital assets crashed below the downtrend line, indicating a continuation of the downtrend that started three months ago.
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The current price trend has led to the formation of a descending triangle structure that emerged after the cryptocurrency completed an impulsive move. Not only that, the trend of new highs is evidence of increasing selling pressure on cryptocurrencies. Doing this below the aforementioned downtrend line only lends credence to the fact that the downtrend is not over yet.
Significant changes are also occurring in the market structure of Ethereum prices. For one, there was a change in character (CHoCH) indicating that Ethereum price is no longer bullish, but rather bearish at the moment.
Over time, the resistance has also increased to the $3,000 level, and the price has been trading well below this resistance for some time. Additionally, Ethereum price has remained within a narrow range, trading within its fair value gap (FVG) set between $2,930 and $2,960. This indicates that resistance is increasing at this level, which may result in a rejection reaction if you attempt recovery.
How far will the ETH price fall?
If the current bearish trend holds and Ethereum price rejects, the first downside target would be $2,815. This first target serves as the initial support for the cryptocurrency and the destination for the initial liquidity sweep as investors sell on the decline. However, that is not the end goal.
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Further breakout is expected to yield a concession of $2,800, leading to the second major target at $2,748. This target is more likely to trigger a pullback as it is a more major demand zone and has increased buying pressure at the moment. The analyst said, “The chart shows a typical bearish continuation pattern, and if the support breaks down to confirmation, it would be advantageous to extend the price downside.”
Featured image from Dall.E, chart from TradingView.com
