Ether’s (ETH) rally stalled late Monday just above $2,000 due to stiff overhead resistance, as the technical setup suggested that downward momentum would increase if the ETH/USD pair breaks below $1,800.
Key takeaways:
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ETH price must hold above $1,800 to avoid another leg down.
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Ether’s bearish charts and onchain indicators converge on ETH prices below $1,500.
ETH price: $1,800 remains a key level to watch
Ether’s cost-basis distribution heatmap shows strong support recently established around $1,800. This is where about 1.23 million ETH were acquired at an average price of $1,890 over the last 30 days.
This area is now a strong support for ETH, which, if broken, would likely see the price retest February’s lows.
CoinGlass data shows short liquidations of over $120 million over the past two days, clearing overhead leverage. Now, $624 million in cumulative long liquidation exposure sits above $1,800, forming a liquidity pocket below the spot price.
CryptoQuant analyst Maartunn spotted 67,000 ETH, worth about $130 million, sitting just below the spot price, reinforcing the significance of this support zone.
ETH price triangle pattern targets sub-$1,500
From a technical point of view, the $1,800-$1,900 support zone coincides with the lower trend line of a symmetrical triangle on the daily chart.
If the bearish momentum persists, the ETH/USD pair might drop below the lower boundary of the triangle at $1,850 to test support at $1,750, the multi-year low reached on Feb. 6.
Below that, ETH could drop toward the measured target of the triangle at $1,400, 28% below the current price.
Meanwhile, Ether’s MVRV extreme deviation pricing bands suggest that ETH price still has room to drop before the unrealized profit held by investors reaches an extreme level, or around$1,650, as shown in the chart below.
During past bear markets, ETH has always bottomed below the lowest MVRV band, as seen in 2018 and 2022.
If this happens again, the ETH price bottom may be below $1,650 during the current cycle, aligning with the aforementioned symmetrical triangle target.
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Context
Current positioning around Ethereum News remains sensitive to primary-source updates, policy interpretation, and execution risk across major venues.
What To Watch
Key confirmation signals include sustained spot demand, funding stability, and whether price can hold reclaimed levels after headline-driven volatility.
If momentum weakens, traders will likely prioritize downside liquidity zones and risk-control positioning before adding new directional exposure.
