ETH price charts confirmed a triangle breakdown, shifting the short-term bias lower and bringing $2,250 into focus if sellers remain on top of things.
Ether (ETH) is now greater than 14% below its local high of around $3,400, highlighting the persistence of sellers above $3,000. A bearish technical setup suggests the pressure could proceed into February.
Key insights:
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ETH fell back below $3,000, confirming a triangle breakdown targeting $2,250.
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The bearish scenario may be avoided if ETH breaks above multi-month moving average resistance.
ETH/USD day by day chart. Source: TradingView
Ether in textbook symmetrical triangle collapse
On Thursday, ETH fell about 2.85% to around $2,920 after the Federal Reserve kept rates of interest regular at its first monetary policy meeting of the yr, with rising geopolitical tensions surrounding Iran adding to risk-off sentiment.
The recent decline has put Ether into the collapse phase of its symmetrical triangle setup.
ETH fell below the pattern's lower trendline last week after which rebounded to check previous support as resistance. The retest failed and the value remained below the trend line this week.
ETH/USD day by day chart. Source: TradingView
In technical evaluation, a break below support followed by a rebound and rejection often signals that sellers have turned the extent into resistance, increasing the likelihood of further downtrend.
If the decline continues, ETH price could decline towards the measured goal near $2,250 by mid-February, a decline of around 25%.
Can Ethereum Bulls Avoid the Crash?
This pessimistic outlook may very well be invalidated if ETH flips the triangle's lower trendline back towards support.
Then the bulls would need to implement the 200-3D EMA at $3,065 (blue) and more importantly the 50-3D EMA (red), which has capped any upside attempt above $3,000 since November 2025.
ETH/USD three-day chart. Source: TradingView
A clean recovery of those levels would signal that the collapse has failed.
This setup would mirror the 2024 fractal, when ETH briefly broke out of an identical structure before returning higher after regaining its key moving averages.
This would even be consistent with quite a few bullish Ether predictions that expect a record high in 2026. This includes crypto analyst Annie's prediction for an ETH price of $10,000, led by a bullish Wyckoff accumulation model.
Ethereum price chart ft. Wyckoff accumulation scheme. Source: Annie
Standard Chartered predicted that ETH price would reach $7,500 throughout the same period.
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