Dec 24, 2025
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Ethereum Faces Potential Drop to $2,400 Amid Head and Shoulder Pattern
Ethereum (ETH) is currently facing challenges after being rejected from the $3,000 resistance level. Analysts are monitoring a potential head and shoulder pattern that could indicate further declines.
- ETH has been trading between $2,800-$3,400 in the past month, with a recent high of $3,447.
- The cryptocurrency has experienced its worst Q4 performance since 2019, with a decline of 28.76%.
- A head and shoulder pattern suggests a possible drop to the $2,800 area, potentially leading to a further decline to $2,400.
Market analysts warn that failure to reclaim the $3,000 level may result in ETH dropping towards the $2,700-$2,800 support zone. A daily close above $3,000 would be necessary for a rally towards $3,300.
- Current trading price: $2,933, marking a 2.53% daily decline.
Investors are advised to watch for potential retests of lower price bands and monitor for any signs of a sustainable uptrend, as losing the $2,700 level could be a negative indicator.
