Ether Down 42% From All-time High: Where Will ETH Price Bottom?

Ether has dropped below $3,000 and is down 42% from its record high, prompting traders to question where the next bounce zone for the ETH price might be.

Ether (ETH) has retraced 42% from its all-time high of $4,950 with traders wondering where the altcoin was likely to bottom out next.

Ether traders see ETH price dropping to $2,100 if support at $2,800 fails.

Persistent Ether ETF outlaws and less treasury buying introduce more risks for bulls.

Data from Cointelegraph Markets Pro and TradingView showed that the ETH/USD pair has dropped back below $3,000.

Commenting on the latest price action, analyst and trader Daan Crypto Trades said that although this cycle has not been what ETH investors anticipated, Ether’s “market structure and the Ethereum ecosystem have matured during this time,” adding:

An accompanying chart suggested that if ETH lost its $2,800 support, it would likely drop toward the next major support level around $2,100.

Data from Glassnode showed that the next significant support below $2,800 sits at about $2,100, where approximately 2.1 million ETH were previously bought.

Related: Ethereum could get faster in January with gas limit rise to 80M

Although Polymarket bettors are pricing in only about an 11% chance of ETH dropping to $2,000-$2,200 before the end of 2025, they see an 83% chance of Ether’s price revisiting $2,500 and a 59% chance of it falling to $2,000 in 2026.

Source: CoinTelegraph