Ethereum has been having a hard time over the last few months after hitting a 
brand new all-time high back in August 2025. The last quarter of the year has 
been especially brutal, with the cryptocurrency’s price down more than 29% in 
Q4 2025. Despite this abysmal performance, things have failed to turn around, 
with technical indicators continuing to point to further decline for the 
altcoin. The latest of these is the appearance of a descending triangle 
structure, that carried the promise of further downside. Ethereum Price Is 
Still Not Bullish As crypto analyst Alpha Trade Scope points out in a 
TradingView post, the Ethereum price chart is still showing major signs of 
weakness. For example, the digital asset saw its price crash below a 
descending trendline, and this has marked the continuation of the downtrend 
that began three months ago. Related Reading: XRP Supply Dwindles While ETFs 
Go On A Buying Spree Before 2026 The current price trend has led to the 
formation of a descending triangle structure, which emerged after the 
cryptocurrency completed an impulse move. Not only this, the trend of 
recording lower highs has been evidence of the increased selling pressure on 
the cryptocurrency. Doing this below the aforementioned descending trendline 
just lends credence to the fact that the downtrend is not over. There has also 
been a major shift in the market structure of the Ethereum price. For one, 
there was a Change of Character (CHoCH), which shows that the Ethereum price 
is no longer bullish, but is rather more bearish at this point. Resistance has 
also mounted at the $3,000 level over time, and the price has been trading 
well below this resistance for a while now. Also, the Ethereum price is caught 
in a tight range, trading within the Fair Value Gap (FVG) mapped out between 
$2,930 and $2,960. This shows the rising resistance at this level, that could 
serve as a rejection in the case of a recovery attempt. How Low Can The ETH 
Price Go? If the current bearish trend holds and the Ethereum price does get 
rejected, then the first target for the downside lies at $2,815. This first 
target serves as the first support for the cryptocurrency and the destination 
for an initial liquidity sweep as investors sell into the decline. However, it 
is not the final target. Related Reading: What Does XRP Really Do? Expert 
Explains What It Is Built For In the case of a further break, then $2,800 is 
expected to give way, leading to the second major target at $2,748. This 
target is more of a major demand zone and is more likely to trigger a bounce 
due to the mounting buying pressure at this point. “The chart presents a 
classic bearish continuation setup, favoring downside expansion if support 
breaks with confirmation,” the analyst said. Featured image from Dall.E, chart 
from TradingView.com

Here’s The Ethereum Descending Triangle Structure That Threatens A Crash Below $2,800

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