Ethereum's Descending Triangle Structure: Worries About a Drop Below $2,800

Summary:
Ethereum has experienced significant struggles recently after reaching a new all-time high in August 2025. As 2025 comes to a close, the cryptocurrency faces a downward trend, with a notable descending triangle structure suggesting potential further declines. Technical indicators point to continued weakness in price, raising concerns about the possibility of the price falling below $2,800.

Key Takeaways

Ethereum has seen its price decline by over 29% in Q4 2025.
A descending triangle structure indicates a bearish trend.
Current resistance is notable at the $3,000 level, while the price trades within the narrow range of $2,930 to $2,960.
If the bearish trend persists, initial support is at $2,815, with critical support at $2,748.

Ethereum Rebounds Modestly

Current Price Analysis of Ethereum

Ethereum’s price journey has taken a rough turn lately, as pointed out by crypto analyst Alpha Trade Scope in a TradingView analysis. Following a peak in August 2025, the latter part of the year has been challenging, leading to a price drop of more than 29% in Q4. The Ethereum price chart displays clear signs of weakness, especially as it fell below a descending trendline, indicating the continuation of a downtrend that has been in place for the last three months.

The emergence of a descending triangle structure on the chart reinforces this bearish sentiment. Following an impulse move, lower highs have been consistently recorded as selling pressure grows. The fact that this downward trend is occurring beneath the descending trendline reinforces the notion that the bearish trend is not yet over.

Additionally, the market structure has changed for Ethereum. A Change of Character (CHoCH) indicates that Ethereum is currently exhibiting more bearish characteristics rather than bullish momentum.

Price Resistance and Trading Range

Resistance at $3,000 has built up over time, and Ethereum has consistently traded below this level. The price is currently trapped in a narrow trading range within a Fair Value Gap (FVG) between $2,930 and $2,960. This range highlights the increasing resistance at this level, which could create rejection if there’s an attempt at recovery.

Ethereum price
Source: TradingView

Potential Downside Targets for Ethereum

If Ethereum continues on its bearish trajectory and faces rejection, the first downside target to watch for is $2,815. This level serves as initial support and is likely to attract selling from investors looking to cash out during the decline. However, this is not the final target.

Should the price break further down, the critical level to watch is $2,800. A further decline below this threshold could lead to a more significant target of $2,748, recognized as a major demand zone. Here, buying pressure may increase, potentially triggering a bounce back. According to the analyst’s insights, "the chart presents a classic bearish continuation setup, favoring downside expansion if support breaks with confirmation."

Ethereum price chart from Tradingview.com
ETH pushes for $3,000 again | Source: ETHUSDT on Tradingview.com