ETH Support Fails: Analyst Eyes Deeper Pullback Ahead

Crypto analyst CrypticTrades warns ETH may fall further after breaking multi-month support at $2.1K, targeting early-2025 lows near green zone support.

Ethereum has broken below a support level that held for months. The $2.1K range, long watched as a high-timeframe bottoming zone, has now given way. The move is drawing attention from analysts who say the next demand area sits considerably lower.

Crypto analyst CrypticTrades laid out the situation clearly on X. The purple-marked support zone around $2,100 had served as a strong base over the prior couple of months. Its failure opens the door for ETH to slide toward a deeper zone marked in green on higher timeframes.

Is the Early-2025 Low Now Back in Play?

That green zone aligns with the early-April 2025 bottoming formation. It was a level that attracted buyers during a previous prolonged selloff. According to CrypticTrades on X, that area now becomes the reference point for where bulls might step in again.

The breakdown is not the first signal the analyst acted on. CrypticTrades previously scaled into hedges after ETH lost the $2.8K support zone. There were no clear signs of strength at that level. Those hedges remain in place.

“My positioning has not been changed,” the analyst noted in the post, citing the absence of any durable recovery signal since the $2.8K break.

This ETH breakdown pattern is not new territory. ETH already attempted to reclaim the $2.1K zone once and failed, turning that same area into overhead resistance.

What the Analyst Watches Next

CrypticTrades says the next few days matter. The plan is to begin scaling out of the hedges once price enters the green high-timeframe support range. At that point, the risk-reward setup is expected to shift toward bulls.

The capital from those hedges is earmarked to rotate back into spot holdings. But that move hinges entirely on price action within the green zone. No early exit is planned.

The timing matters because ETH has now shed over 60% from its 2025 peak, trading well below the levels where most of the 2024 accumulation took place. The structural damage at multiple timeframes makes recovery harder to confirm quickly.

Bears Still in Control of the Setup

Nothing in CrypticTrades’ post leans bullish yet. The analyst describes the current setup as one that still favors further downside in the near term, with the green zone offering the first meaningful opportunity for a risk-defined long entry.

Until then, the hedges hold.

The $2.1K level, once a floor, is now a ceiling. That inversion of support to resistance is one of the cleaner signals that the previous bottoming formation has fully failed.

Whether the green zone holds or cracks will likely define how Ethereum trades through the next phase of the cycle.