Ethereum's Two-Year Trend Hints at a Critical $2,187 Bottom

Ethereum (ETH) has recently experienced a notable dip, with its price falling below the $3,000 threshold and registering a 6.8% decline in the last 24 hours. While this immediate downturn may cause concern, a comprehensive long-term technical analysis suggests that this movement could be part of a larger, well-established price pattern. According to insights from crypto analyst Dona, this decline might lead Ethereum to a significant bottom at $2,187 before charting its next major trajectory.

Decoding Ethereum's Persistent Price Channels

For nearly two years, Ethereum's price action has predominantly unfolded within a clearly defined horizontal trading range. This prolonged stability has been punctuated by two significant "fakeouts": one below a key resistance level in the first half of 2025, and another above resistance during the second half of the year, which propelled ETH to a new peak of $4,946 in August. On the weekly chart, this pattern reveals consistent resistance hovering between $4,000 and $4,100, juxtaposed with resilient demand support identified just above $2,100. The current consolidation around the $3,000 mark places Ethereum firmly within the mid-range of this two-year structure, indicating a potential rotation towards the lower boundary rather than a complete market breakdown.

The $2,187 Mark: A Pivotal Support Zone

The $2,187 price level emerges as a crucial point within this historical framework, having previously served as a reliable bounce floor during past downtrends in 2024 and July 2025. Should Ethereum continue to trade below the prevailing mid-range support, the path toward this lower boundary becomes increasingly probable. While a 25% decline from the current trading price of $2,928 might seem severe for bullish traders, reaching $2,187 would effectively complete another cycle within Ethereum's established two-year range. Such a move, while bearish in the short term, is less likely to invalidate the broader market structure and could instead precede a rally phase. Market observations suggest that significant directional shifts are expected to remain subdued through the end of the year, with major movements more likely to materialize in January 2026.