Crypto: Ethereum Loses $2.8k Support As Charts Point To Possible 22% Downside
Ethereum slipped under $2,800 as charts and onchain data suggested downside risk remains elevated, with a potential move toward $2,100.
Ether (ETH) could see another sharp drop after losing the support level at $2,800, with technical charts and onchain data suggesting the downtrend will continue.
Ether’s descending and symmetrical triangle setups converge at $2,100.
Ether is at levels that have previously preceded deeper price corrections, based on onchain data.
The ETH/USD pair has dropped by over 10% in the last three days, dipping below the key support at $2,800.
Ether has not traded below this level since Dec. 3, 2025, and losing it suggests lower ETH price levels could be in the cards.
Related: Crypto market weakness persists, but Ethereum metrics hint at rally to $3.3K
ETH was trading around $2,700 at the time of writing, a "do or die level for bulls,” said Metacryptox, adding:
The $2,800 level coincides with the horizontal line of a descending triangle, which was breached on Thursday.
The next major support is $2,500, which coincides with the 200-week simple moving average (SMA), as shown in the chart below.
Source: CoinTelegraph
