Ethereum Price Forecast: Can ETH-USD Hold $1,700 or Is $1,500 Next?

Ethereum (ETH-USD) – Price structure after the flush and where the market really trades

Ethereum (ETH-USD) – From $3,000+ rejection to a $1,700–$2,200 battlefield

Ethereum (ETH-USD) is now trading in a compressed, hostile zone after a clean break of the previous medium-term structure. Recent prints cluster between roughly $1,750 and $2,200, with one key snapshot showing ETH around $1,887, down about 10.95% over seven days and more than 50% lower year-to-date. Market capitalization has retreated to roughly $229 billion, down from over $500 billion at the 2025 peak, which means more than half of the network’s quoted equity has been marked down.
On the higher timeframes, price has failed to reclaim the 100-day and 200-day moving averages above $3,000 and has now broken decisively below the first major demand band at $2,200–$2,000. That shift confirms that the late-2025 sideways corrective phase has transitioned into a clear downside trend. The new reality: ETH is no longer dealing with a mild pullback; it is working through a full-scale repricing.
The immediate trading corridor is defined by demand around $1,850–$1,750 and resistance in the $2,100–$2,200 band. Below, a deeper cluster around $1,666–$1,500 stands out as the next logical target area if the current floor gives way. Above, failed rallies into $2,800 mark the region where trapped longs from the previous range are likely to use strength to exit.

Ethereum (ETH-USD) – Intraday distribution, failed recoveries and why bounces are still for selling

Short-term behavior is still dominated by distribution, not accumulation. Lower-timeframe charts show the same pattern repeating: fast spikes into local liquidity zones, followed by sharp rejections and sell-offs. Those are not the characteristics of a market building a base. They are the footprints of supply using every pop to get out.
The structure is a staircase of lower highs and compressed ranges, confirming a short-term bearish regime. Upside attempts lack impulsive follow-through; candles into resistance are thin and get overwhelmed quickly. That tells you that participants with size are not defending higher levels yet – they are reducing exposure on strength.
Unless ETH can decisively close back above prior manipulation areas and hold above them, the bias remains that rallies toward $2,000–$2,200 are corrective moves inside a broader downtrend, not the start of a sustainable advance.

Ethereum (ETH-USD) – Bear flag breakdown and the technical gravity toward $1,666

On the 3-day ETH/USD chart, a textbook bear flag has already completed. After a steep impulsive leg lower, price consolidated inside an upward-sloping channel; that channel has now broken to the downside with a decisive candle and clean follow-through. There was no quick reclaim of the pattern, confirming this is continuation, not a fake breakdown.
The measured move taken from the flagpole points directly toward a primary target near $1,666. That level is not magic; it is simply where the geometry of the pattern aligns with the next logical horizontal demand area. As long as ETH stays below the broken flag range and below the old structure around $2,200, the market trades with that $1,666–$1,500 pocket as a magnet.
Short-term rebounds into resistance are therefore framed against that downside objective. Any squeeze that fails under $2,100–$2,200 leaves the path open for a continuation leg into the lower demand zone.

Ethereum (ETH-USD) – The $2,000–$2,100 failure and what it reveals about real demand

The $2,000–$2,100 zone was the last serious line of defense for the previous mid-range. Price not only broke below it, but repeated attempts to get back above that band have stalled quickly, confirming that the area has rotated from demand into supply.
Just beneath, the $1,900–$2,000 pocket is acting as a thin final buffer before a deeper slide. ETH is attempting to stabilize there, but there are no aggressive, high-volume reversals or strong upside impulses. That lack of punch confirms that many participants are still in capital-preservation mode, not in aggressive risk-on mode.
This sets up a simple structural decision tree:
Holding $1,850–$1,900 and then reclaiming $2,000–$2,200 would allow a range to form between roughly $1,800 and $2,800 with time.
Losing $1,850–$1,800 on strong volume with no immediate reclaim opens the path toward $1,666 first and potentially $1,500 as the next high-timeframe demand zone.
Right now, the tape favors the second scenario more than the first; the burden of proof sits entirely on the upside.

Ethereum (ETH-USD) – Daily and 4-hour momentum: oversold, but not yet healed

Momentum tools confirm the damage. On the daily chart, RSI is buried in the low-20s, a deep oversold reading that fits a forced, high-velocity unwind rather than a controlled correction. Oversold conditions can attract opportunistic buyers, but they can also persist while price bleeds lower in grinding fashion.
The 4-hour view shows where selling pressure is beginning to fade. From the previously defended $2,800–$2,900 band, ETH sliced lower almost in a straight line, barely respecting interim levels. Only around $1,850–$1,900 has price started to show signs of momentum fatigue. A mild bullish divergence is developing: price has printed marginally lower lows while 4H RSI has started forming higher lows.
That configuration often precedes a relief bounce or sideways congestion, not necessarily a full trend reversal. Immediate resistance now sits at $2,100–$2,200, with a stronger supply slab around $2,800. A push into either of those zones without a clean reclaim on higher timeframes would still be labeled a counter-trend rally inside a bearish structure.

Ethereum (ETH-USD) – Deleveraging, liquidations and why this is not a “normal” dip

This move is driven by aggressive deleveraging, not just spot holders quietly reshuffling. Over the recent slide, open interest in ETH futures has collapsed from above $30 billion to around a third of that size, tracking price almost one-for-one. That is the footprint of liquidations: margin calls, auto-deleveraging, and forced position closures.
Data from derivatives venues lines up with that:
More than $1 billion in Ethereum leverage has been flushed out as price snapped key supports between $2,400 and $2,200.
Funding rates have turned sharply negative, reflecting a market skewed toward short positioning and hedging rather than balanced speculative flow.
At the same time, the Coinbase Premium Index has moved into negative territory, signaling stronger selling in U.S. spot venues relative to offshore demand.
On top of that, roughly $200 billion of total crypto market value has been wiped out in roughly two weeks, and a single session liquidation wave reached around $2.6 billion across Bitcoin and altcoins. This is not slow distribution; it is full-scale deleveraging.

Ethereum (ETH-USD) – ETF outflows and macro risk-off keep pressure on spot ETH

Spot ETH ETFs are printing net outflows, not inflows, at these levels. That matters for one simple reason: when passive vehicles are shrinking, the natural baseline bid for the asset is lower. Redemptions force selling into an already weak tape, amplifying downside and muting any spontaneous spot demand.
The move is unfolding inside a broader global risk-off environment:
Bitcoin has dropped from close to $100,000 to around $60,000, sending the benchmark back to multi-month lows and wiping out all the post-election euphoria.
Top coins, including Ethereum and XRP, have slid to levels not seen since mid-2025 and late-2024 respectively, with ETH tagging lows around $1,747–$1,750.
Geopolitical escalation in the Middle East and a more hawkish Federal Reserve tone have pushed global capital to cut exposure to high-beta assets. Even traditional hedges are under pressure, with gold sliding back below $5,000/oz and silver dropping roughly 10% toward the mid-$70s per ounce.
In that context, Ethereum is trading exactly as it should: as a leveraged risk asset, not as an uncorrelated store of value. Until broader risk appetite stabilizes, macro liquidity remains a headwind.

Ethereum (ETH-USD) – On-chain behavior, L2 slowdown and the narrative discount

Network dynamics are not catastrophic, but they are not helping price in the short term. While Ethereum’s base-layer and Layer-2 ecosystem remains active, several points are clear in the data you provided:
Hash-adjusted activity is flat, not accelerating, during this selloff. That weakens the argument that fundamental usage is ramping while price temporarily lags.
Layer-2 transaction growth has slowed to low single-digit percentages month-over-month, softening the fee-burn mechanism that supports the long-term supply thesis.
Competing Layer-1s and alternate execution environments with faster and cheaper throughput continue to pull some activity away from Ethereum, diluting its relative network-effect premium at the margin.
None of this destroys ETH’s role at the center of the smart-contract stack, but in a risk-off phase it reduces the willingness to pay up for that role, which translates into a lower valuation multiple and less tolerance for technical breakdowns.

Ethereum (ETH-USD) – BitMine’s 4.14 million ETH bet and what it means for supply

The clearest sign of structural confidence is coming from large treasuries. BitMine Immersion Technologies has added another 32,977 ETH in the final week of 2025, worth roughly $104 million, bringing its total holdings above 4.14 million ETH.
At current levels, that position is valued north of $13 billion and represents around 3.4% of Ethereum’s circulating supply. When a single balance-sheet holder controls that much ETH, the effective liquid float tightens significantly.
Exchange supply data reinforces the point:
ETH held on centralized exchanges has dropped by about 6% over the last three months, signaling that coins are steadily moving off trading venues into longer-term storage.
Taken together, this is a textbook divergence:
Price is under pressure, charts are weak, derivatives are being blown out – yet large, slow capital is accumulating size and draining coins from the open market. Over time, that kind of structural bid makes subsequent upside moves sharper because there is simply less inventory available when sentiment flips.

Ethereum (ETH-USD) – $1,500, $1,666 and the fantasy of a $250,000 target

There is a wide gap between near-term technical reality and the most aggressive long-range scenarios being floated. One high-profile projection calling for $250,000 per ETH implies a move of roughly 13,000% from current levels and a fully diluted valuation above $30 trillion. That kind of number might be useful as a thought experiment, but it has zero relevance for positioning in this cycle.
The near-term map is much narrower and much more concrete:
If the current downtrend extends, ETH has clean downside space toward $1,669–$1,666, where the bear-flag projection and horizontal demand align.
A deeper panic could stretch the move toward $1,500, which corresponds to the lower demand zone flagged in several of the technical breakdowns you shared.
On the upside, any meaningful repair starts with reclaiming $2,000–$2,200 on strong volume and then battling through $2,800, where earlier longs are trapped and where overhead supply is thick.
Macro liquidity, ETF behavior, and Bitcoin’s path will decide whether ETH trades most of the next quarter between $1,500 and $2,200 or manages to claw back into a $1,700–$2,800 corrective range. The $250,000 headline belongs in a different conversation entirely.

Ethereum (ETH-USD) – Short-term trading band and what a base would actually look like

Based on the combined picture from every source you provided, the realistic trading setup into early 2026 looks like this:
Support layers:
Initial demand in the $1,850–$1,750 area, already tested.
Deeper structural support and measured-move confluence around $1,666, with an extended buffer down to $1,500.
Resistance layers:
First serious ceiling around $2,100–$2,200, the reclaimed band ETH must hold above to neutralize immediate bearish momentum.
High-timeframe supply around $2,800, where sellers previously took control and where many sidelined positions will look to exit if they get a second chance.
A credible base would require time and structure, not just one V-shaped candle. That means:
Multiple failed attempts to break below $1,750–$1,700, ideally with shrinking downside volume.
A weekly close back above $2,000–$2,200, followed by consolidations where dips into that zone get bought instead of sold.
A clear reduction in negative ETF flows and stabilization in derivatives funding, moving from heavily negative back toward neutral.
Without those ingredients, every bounce is just a rally inside an established downtrend.

Ethereum (ETH-USD) – Verdict: stance, bias and how to classify ETH here

Putting all of this together – the break of major support, the bear-flag projection toward $1,666, the violent deleveraging, the ETF outflows, the macro risk-off, and the large-scale accumulation by balance-sheet buyers – the picture is clear:
Short-term, ETH is still in a bearish phase, with downside risk toward $1,666–$1,500 fully live as long as price trades below $2,000–$2,200 and the 200-day moving average.
Medium- to longer-term, the combination of sharply reduced leverage, exchange balance drain, and large holders controlling more than 3% of supply is building the foundation for the next sustained advance once macro conditions and technical structure turn.
On that basis, the classification is:
Bias: Bearish in the short term, constructive longer term once the lower band between $1,500 and $1,700 is fully explored or defended.
Rating: Hold.
For existing exposure, this is a phase to manage risk, respect the possibility of a full test of $1,666–$1,500, and watch for structural confirmation before upgrading to an outright buy stance. Fresh, aggressive accumulation only makes sense with staggered entries between roughly $1,700 and $1,600, clear invalidation below $1,500, and the understanding that the asset is still in a live downtrend, not yet in a confirmed recovery.

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