Ethereum’s price structure has turned bearish after charts confirmed a breakdown from a symmetrical triangle pattern. The move has shifted near-term momentum to the downside, with the $2,250 level emerging as a key target if sellers remain in control.
Ether is now trading more than 14% below its recent local high near $3,400, highlighting persistent selling pressure above the $3,000 mark. Technical signals suggest that this weakness could continue into February.
Ethereum confirms bearish triangle breakdown
ETH slipped back below $3,000, validating a triangle breakdown that places downside focus near $2,250. The move unfolded after Ethereum fell beneath the pattern’s lower trendline last week, followed by a rebound attempt that failed to reclaim former support.
In classic technical analysis, a break below support followed by a rejected retest often signals that sellers have turned that level into resistance. This behavior increases the probability of further declines.
If the breakdown remains intact, Ethereum could slide toward the measured move target around $2,250, implying a potential drop of roughly 25% by mid-February.
What could invalidate the bearish setup?
The downside scenario would weaken if ETH manages to reclaim the triangle’s lower trendline and turn it back into support. Bulls would then need sustained follow-through above key moving averages.
In particular, Ethereum must break above a multimonth resistance zone formed by the 200-period and 50-period exponential moving averages. These levels have capped every recovery attempt above $3,000 since late 2025.
A decisive move above those indicators would suggest the breakdown has failed. This would mirror a similar setup in 2024, when Ethereum briefly broke lower before reversing sharply higher after reclaiming major moving averages.
Longer-term outlook remains constructive
Despite near-term technical pressure, longer-term forecasts for Ethereum remain broadly bullish. Several analysts continue to expect new all-time highs in 2026, supported by accumulation patterns and improving on-chain fundamentals.
Some projections point to significantly higher price levels over the next cycle, reinforcing the view that short-term volatility may coexist with a stronger long-term trend.
