ETH Caught Slipping: Bulls Back Off as Downtrend Tightens Its Grip

• ETH failed to hold above $2,100 and now slides dangerously below $1,800.
• Structure confirms lower highs, lower lows—classic signs of bearish momentum.
• If $1,750 breaks down, all eyes shift to the $1,600–$1,650 range.

The Bounce That Just Couldn’t Stick

Ethereum gave it a decent shot recently, rallying off the $1,759 bottom and touching above $2,100—but that bounce didn’t last long. Instead of pushing higher, the price reversed almost as fast as it climbed. This isn’t just a fluke either. If you zoom out a bit, it’s pretty clear ETH is stuck in a persistent downtrend.

The pattern’s been cruel: every time ETH rallies, it tops out lower than before. First it was $4,100, then $3,744, and then $2,855. The latest attempt barely cleared $2,100 before sellers jumped back in and dragged it back under $1,800. That staircase-down price action? Not a great look for bulls.

Buyer Fatigue Showing

What’s wild is that the bounce from $1,759 had a bit of spark. Momentum indicators even hinted at a possible short-term reversal. But when price action can’t follow through, sentiment fizzles out real fast. You can kinda feel that hesitation on the chart—like everyone’s waiting for someone else to make the first move.

And with the current candle structure now closing below that recent local support, it feels like buyers are simply running low on fuel. That doesn’t mean ETH is going straight to the floor, but the burden’s definitely back on the bulls to prove they’re still in the game.

Levels That Matter Now

So here’s where it gets serious: ETH is tiptoeing near the $1,750 mark again, and that level is more than just psychological—it’s been tested, bounced off, and now looks vulnerable. If this breaks, we could see a pretty sharp fall toward the $1,600–$1,650 range, which hasn’t been touched since early 2024.

On the other hand, if bulls manage to reclaim $1,900 in the next couple of sessions and hold it—not just wick through it—then maybe, just maybe, we get another shot at $2,100. But let’s be real… that’s looking a bit out of reach for now unless some serious news or shift kicks things into gear.

Where ETH Originated

Ethereum was created by Vitalik Buterin in 2015 as a decentralized platform that lets developers build smart contracts and dApps. It introduced the world to programmable blockchain applications, sparking the DeFi and NFT boom. Over the years, it’s evolved through multiple major upgrades like the Merge, shifting from Proof-of-Work to Proof-of-Stake to improve scalability and energy efficiency.