Crypto: Large Demand Zone Below $2k ETH Price Gives Signal On Where Ether...

ETH’s market structure and fractal analysis from 2021 and 2024 provide insights where significant buy demand may exist. Currently, it’s on the downside.

Ether (ETH) struggled to hold prices above $2,000 on Tuesday, and against this backdrop, analysts noted that Ether’s 31% decline in 2026 fits a familiar price fractal from previous bull markets.

ETH’s recent dip to $1,736 may mark only the first of many lows in a larger consolidation phase.

Onchain cost-basis data clusters between $1,300 to $2,000, reinforcing this range as a potential demand zone.

A long-term fractal comparison between the 2021-2022 and 2024-2025 cycles suggests that Ether’s sharp sell-off mirrors a pattern in which an initial bottom is formed before the price revisits lower levels due to further market weakness.

On the weekly chart, ETH’s drop toward the $1,730 region resembles its “first low,” rather than a definitive market floor.

In 2021, ETH spent 12 months consolidating around the first low ($1,730) and a lower support band ($885), allowing leverage to reset and spot demand to rebuild.

Applying this framework, ETH may continue ranging between roughly $1,300 and $2,000, with downside tests toward the $1,500–$1,600 zone possible before a sustained base is formed.

Ether’s UTXO realized price distribution (URPD) data underlines the chances of an extended consolidation. Large supply clusters remain above current prices, with $2,822 accounting for 5.86% of the ETH supply and $3,119 holding 6.15%, forming heavy overhead resistance.

Below current spot prices, notable clusters appear at $1,881 (1.58 million ETH) and $1,237, suggesting potential demand zones if the price continues to retrace.

Source: CoinTelegraph