Dec 16, 2025
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Ethereum Down 6.8%, Could Reach $2,187 Amid Two-Year Range Pattern
Ethereum's price has dropped below $3,000, decreasing by 6.8% in the past 24 hours.
- Current price action suggests Ethereum may reclaim the $3,000 support level.
- A macro analysis indicates a potential bottom at $2,187, within a long-term trading range.
Two-Year Trading Range
- Ethereum has mostly traded within a broad horizontal range for two years.
- Price respects an upper boundary around $4,000 to $4,100 and finds demand near $2,100.
- The structure resembles an inverse head and shoulders pattern, with price oscillating between trendlines.
Currently trading mid-range, recent declines are seen as rotations within this range rather than breakdowns.
Critical Downside Target: $2,187
- The lower boundary of $2,187 has been a bounce floor during past downtrends.
- If Ethereum falls below the current support of $3,000, it may approach this lower boundary.
At present, Ethereum is valued at $2,928, which is a 25% decline from $2,187. While this could affect bullish traders, it aligns with the longstanding cycle within the range.
- Expect diminished activity in the short term due to thinning liquidity towards year-end.
- The next significant movement is anticipated in January 2026.
