BEARISH 📉 : Ethereum risks major crash if price falls below $1,800

Ethereum's Critical Price Levels

Ethereum is currently trading below $2,000. A drop below $1,800 could lead to a significant decline.
Crypto Patel notes Ethereum has faced multiple failed bullish structures, including a breakdown from the $3,700 region and an ascending triangle collapse at the $3,000 support zone.

Failed Bullish Structures

The breakdown from $3,700 marked the end of a multi-month climb towards $4,700-$4,900 in 2025, followed by resistance at lower highs.
An ascending triangle structure also failed at the critical $3,000 support, leading to a shift where previous support turned into resistance.

Ethereum now trades between $2,000 and $1,850, considered a last buffer zone before a deeper pullback.

$1,800 as Crucial Support

ETH recently traded around $1,982 after a sharp sell-off. Recovery above $1,990 is noted, but previous declines occurred quickly from $3,100 to sub-$2,000 levels.
A visible imbalance exists between $2,400 and $2,600, identified as a potential Fair Value Gap (FVG).

If Ethereum maintains the $1,800 support, a relief bounce toward $2,650 might occur, addressing part of the imbalance zone. However, a breach below $1,800 may trigger a market panic, potentially pushing the price down to $1,300, marked as a strong support and accumulation area.

Ethereum