Ethereum Plunges 48% to $1,861: Why $2,000–$1,500 Is Now the Key Accumulation Zone

TLDR:

• ETH declines nearly 48% from $3,700 to $1,928 in three months of corrective movement. 
• $2,000–$1,500 identified as the primary Fibonacci accumulation range for long-term investors. 
• $1,700 (0.618 Fib) and $1,300 (0.786 Fib) act as key retracement and reset levels. 
• Monthly charts confirm macro expansion remains intact despite mid-cycle ETH correction.

The price of Ethereum (ETH) is $1,861.64 as of writing, with a 24-hour trading volume of $58.5 billion. ETH has declined -14.22% in the last 24 hours and -33.31% over the past week. 

This drop follows the breakdown of key support levels, pushing the price toward $2,000–$1,500 Fibonacci accumulation zones.

ETH Breakdown and Market Transition

Ethereum Price Update shows that the loss of $3,700–$3,600 support marked a decisive shift in market structure. Weekly closes below this level confirmed a transition from bullish momentum to a corrective phase. 

This drop validated earlier warnings issued by analysts. From $3,700 to $1,928, ETH lost nearly 48% over three months. 

This movement occurred as liquidity above price decreased and sellers targeted lower demand zones. Furthermore, prior support levels turned into resistance, which accelerated downward pressure.

Traders who entered positions above $3,500 now face emotional pressure, as opposed to those who waited near $2,200–$2,000 accumulation zones.

The price update demonstrates that observing technical structure helps differentiate reactive trading from strategic positioning. 

Additionally, mid-cycle corrections are natural in trending markets and often precede larger moves. Technical signals such as the failure to hold the rising trendline and the rejection at the $4,700–$4,900 range further illustrate that momentum stalled before the breakdown. 

These factors collectively explain why ETH moved rapidly toward high-timeframe demand zones below the structural support.

Accumulation Zones and Long-Term Outlook

The $2,000–$1,500 are the primary accumulation range, aligned with high-confluence Fibonacci levels. Key points include $1,700 (0.618 Fib) and $1,300 (0.786 Fib).

These zones are historically recognized as retracement and maximum pain levels during prior cycles. These levels provide structured entry points for long-term investors.

Price near $1,700 reflects a standard retracement rather than trend failure, whereas $1,300 represents a market reset before potential expansion. 

Strategic accumulation at these levels could allow investors to scale in gradually while minimizing risk exposure. Analyst Crypto Patel commented that “ETH is approaching key Fibonacci zones. Patience is rewarded for disciplined accumulation.”

Monthly charts confirm that Ethereum remains within a macro expansion framework despite the recent drawdown. Support from the 2023–2024 base still holds, while Fibonacci expansion targets indicate future levels at $6,800, $9,100, $13,400, and beyond $20,000. 

By following high-confluence demand zones and Fibonacci levels, investors can navigate volatility effectively while preparing for future expansion phases.

The post Ethereum Plunges 48% to $1,861: Why $2,000–$1,500 Is Now the Key Accumulation Zone appeared first on Blockonomi.