#比特币Breaks79K

Ethereum Price Faces New Risks and Downside Potential – Here's Why

Ethereum Price
ETHUSD
has broken down from the daily upward channel after weeks of increasingly narrow volatility, opening the possibility for ETH to fall toward $2,070 if support at $2,264 fails to hold.

This second-largest crypto asset is trading around $2,291 at the time of publication, down about 0.93% in the last 24 hours. Meanwhile, ETH/BTC also broke down from the 12-hour upward channel and is now heading toward 0.028 BTC after retesting the support that has been broken.

Daily ETH/USDT Chart Signals Major Movement from Narrowing Volatility

On the daily ETH/USDT chart, a parallel upward channel formed since February 6 is visible. The price has reacted clearly to both the upper and lower bands, especially at the channel's middle line, which has repeatedly shifted roles as support and resistance during the rally.

Now, that middle line is experiencing a breakdown. If the closing price confirms this decline, the channel projects a potential measured move downward toward the lower band around $2,070. Below that level, the next horizontal support levels are at $2,001.70 and $1,920, areas that were tested in February and March.

For an upward move, $2,370 has rejected the price several times and remains a resistance level that could invalidate the bearish structure if successfully reclaimed consistently. Previous predictions for April also marked this area as a pivot point.

The Relative Strength Index (RSI) is slightly above 50, neutral and not favoring either direction. Meanwhile, the volatility indicator (BBWP) shows three consecutive very low blue bars, combined with daily volume that continues to decline. Such patterns are usually followed by a large move in one direction.

Ethereum 4-Hour Chart Confirms Active Bearish Momentum

Although the daily outlook remains within the structure of recent months, the 4-hour ETH/USDT chart already shows clear damage. The price has broken below the short-term upward trendline and is now testing the 0.382 Fibonacci retracement at $2,264.

If this level fails to hold, the next high-probability support is in the golden pocket area just above $2,114. The volatility indicator BBWP shows very high red (red) readings, contrasting with the compression seen on the daily chart and confirming that short-term traders are already starting to move.

The RSI on the 4-hour timeframe also drops into bearish territory, and short-term volume increases during the trendline breakdown. This is a classic signal that sellers are dominating the current trend.

Michael van de Poppe Targets 0.026 BTC for Ethereum Long-Term Position

ETH's weakness against Bitcoin reinforces the current bearish scenario. Analyst Michael van de Poppe highlights 0.032 BTC as a level that could open upward opportunities, and 0.026 BTC as an important support on higher timeframes for long-term positions.

“I keep reiterating key levels for $ETH. Unfortunately, the breakdown means the uptrend hasn't continued. As long as ETH stays below 0.032 $BTC, I’m not interested until a clear base formation or testing 0.026. That last area is support on higher timeframes, which I consider important to monitor as a long-term position,” says Michael van de Poppe.

He also adds that the previous cycle's lowest point for ETH occurred in April 2025, reaffirming the 0.026 BTC area as a point where institutional and long-term holder accumulation will likely resume.

ETH/BTC 12-Hour Chart Targets 0.028 BTC After Channel Break

On the 12-hour ETH/BTC chart, the same weakness is evident. The clear parallel upward channel that formed price action from February through most of April saw its lower band broken on April 23. Today, the ETH/BTC pair continues to fall after a textbook retest from below.

If we project the height of the channel to the breakdown point, the target move is toward 0.028 BTC, aligning with the bearish scenario outlined by Van de Poppe.

The RSI (RSI) signals bearish, while volatility drops sharply immediately after the breakout. This combination has historically preceded trend continuation rather than reversal, indicating that this pair is gathering momentum to move lower.

In the next 48 to 72 hours, it seems likely to be a decisive period whether Ethereum can hold the daily channel or if it will drop toward the spring lows, and traders targeting higher timeframes above need that support to hold.