Ethereum has had a tough time in recent months a brand new all-time record in August 2025. The last quarter of the year was particularly brutal, with the price dropping more than 29% in the fourth quarter of 2025. Despite this abysmal performance, things have failed to turn around, with technical indicators continuing to point to a further decline for the altcoin. The most recent of these is the appearance of a descending triangle structure, which brought with it the promise of even more downside consequences.
Ethereum price is still not bullish
As crypto analyst Alpha Trade Scope notes in a TradingView afterthe Ethereum price chart is still showing major signs of weakness. For example, digital assets saw the price fall below a descending trend line, marking the continuation of the downward trend that began three months ago.
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The current price trend has led to the formation of a descending triangle structure, which emerged after the cryptocurrency completed an impulse move. Not only this, the trend of registering lower highs is a testament to the increased selling pressure on the cryptocurrency. Doing this below the aforementioned declining trend line only lends credence to the fact that the down trend is not over yet.
There has also been a major shift in the market structure of the Ethereum price. First, there was a Change of Character (CHoCH), which shows that the Ethereum price is no longer bullish, but rather bearish at the moment.
Resistance has also risen to the $3,000 level over time, and the price has been trading well below this resistance for a while. Moreover, Ethereum price is within a tight range, charting trading within the Fair Value Gap (FVG) between $2,930 and $2,960. This shows the increasing resistance at this level, which could serve as a rejection in a recovery attempt.
How low can the ETH price go?
If the current bearish trend continues and the Ethereum price is rejectedthen the first target for the downtrend is at $2,815. This first target serves as the initial support for the cryptocurrency and the destination for an initial liquidity clearing as investors sell into the downturn. However, it is not the ultimate goal.
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In the event of a further break, USD 2,800 is expected to give way, leading to the second major target at USD 2,748. This target is more of a high demand area and will likely see an upswing due to increasing buying pressure at this point. “The chart presents a classic bearish continuation setup, with downward expansion favored as support breaks with confirmation,” the analyst said.
Featured image of Dall.E, chart from TradingView.com