Ethereum has had a hard time over the past few months reaching a completely up-to-date all-time record in August 2025. The last quarter of the year was particularly brutal, with the price of the cryptocurrency falling by over 29% in the fourth quarter of 2025. Despite these disastrous results, the situation has not turned around, and technical indicators continue to point to a further decline in the value of the altcoin. The most recent of these is the emergence of a descending triangle structure, which carried the promise of further declines.
Ethereum price is still not bullish
As Alpha Trade Scope cryptocurrency analyst points out on TradingView postEthereum price chart continues to show solemn signs of weakness. For example, the price of this digital asset fell below the downtrend line, which represented a continuation of the downtrend that started three months ago.
The current price trend has led to a descending triangle structure that emerged after the cryptocurrency completed its impulse move. Moreover, the trend towards lower highs is evidence of increased selling pressure for the cryptocurrency. Doing this below the mentioned downtrend line only lends credence to the fact that the downtrend is not over.
Gigantic changes also took place in Ethereum price market structure. Firstly, there has been a change in character (CHOCH) which shows that Ethereum price is no longer bullish but rather bearish at this point.
Over time, the resistance has also increased at the $3,000 level, and the price has been trading well below this resistance for some time now. Additionally, Ethereum’s price is within a narrow range, trading within a fair value gap (FVG) of $2,930 to $2,960. This shows increasing resistance at this level, which could represent a pushback if a recovery is attempted.
How low can the price of ETH go?
If the current downward trend continues i Etherum price is rejectedthen the first downside target is $2,815. This first target serves as the first support for the cryptocurrency and a target for the initial spike in liquidity as investors sell into the decline. However, this is not the final goal.
In case of a further breakout, $2,800 is expected to give way, leading to the second major target at $2,748. This target is more of a major demand zone and is more likely to trigger a rebound due to increasing purchasing pressure at this point. “The chart shows a classic bearish continuation setup, favoring downward expansion if support is broken with confirmation,” the analyst said.
Featured image from Dall.E, chart from TradingView.com
