Ethereum (ETH) Price Prediction: ETH Slips Below Key Support as Traders Watch $1,510 Downside Risk

Ethereum price is once again at a critical turning point as the second-largest cryptocurrency struggles to hold a key support zone after its recent recovery attempt lost momentum.

Ethereum price is trading near $1,859 after falling almost 1% over the past 24 hours. Source: Brave New Coin

Ethereum Struggles After Losing Key Range Support

Ethereum’s short-term structure has weakened after price failed to maintain acceptance above the $1,850-$1,880 region. Trader Symba highlighted that ETH broke above the previous range top near $1,849 but failed to hold the breakout. Instead of seeing strong demand follow through, price formed a distribution zone above the level before closing back below the range resistance.

A chart shows Ethereum losing the previous range breakout level near $1,849. Source: Trader Symba via X

The current structure leaves ETH price vulnerable to a deeper retracement if buyers fail to reclaim the $1,850-$1,880 area. The next major downside level sits near the range low around $1,510, while intermediate support can be found around $1,800 and $1,750.

For bulls, reclaiming $1,880-$1,900 would be important. A successful move back above this zone could restore momentum and bring the $1,975-$2,000 resistance area back into focus.

ETH Faces Rising Support Breakdown Risk

Ethereum has also lost a key ascending support trendline that had been supporting the recent recovery.

ChiefrA noted that ETH price slipped below the rising support and that the retest around $1,880 has already faced rejection. Until Ethereum regains the $1,885-$1,900 region, the short-term structure remains vulnerable.

A chart shows Ethereum breaking below rising support and struggling to reclaim the $1,880-$1,900 area. Source: ChiefrA via X

The immediate support zone remains around $1,840-$1,850. Holding this area could allow buyers to attempt another recovery, but losing it would increase the probability of a move towards $1,820 and potentially lower levels.

The market is currently caught between two important zones, with liquidity building below $1,850 and above $1,975.

Ethereum Liquidation Levels Highlight $1,850 Battle

Ethereum’s current price action is also developing around major leverage zones.

Liquidation data shows significant liquidity clusters around $1,850 below price and near $1,975 above price. This places Ethereum price between two potential liquidity targets, with trader Qmo Crypto watching whether the market sweeps lower before attempting another recovery.

A move below $1,850 could trigger additional selling pressure as leveraged positions are forced out. However, if buyers defend this area and push Ethereum price back above resistance, the liquidity near $1,975 could become the next target. The reaction around $1,850 is likely to determine Ethereum’s short-term direction.

A liquidation heatmap shows major ETH leverage clusters around $1,850 and $1,975. Source: Qmo Crypto via X

Exchange Supply Decline Supports Long-Term ETH Outlook

Despite the recent weakness, Ethereum’s longer-term supply dynamics remain supportive. CryptoJack highlighted that Ethereum exchange supply has continued declining, showing fewer ETH coins sitting on centralized exchanges. Historically, reduced exchange supply can limit available selling pressure when demand returns.

A chart shows Ethereum exchange supply declining alongside long-term accumulation trends. Source: CryptoJack via X

This does not eliminate short-term downside risk, but it suggests that the broader market structure remains supported if Ethereum can stabilize. A recovery above $2,000 would improve the technical picture and could confirm that the current correction was only a temporary pullback.

Long-Term Ethereum Structure Remains Bullish

While short-term momentum has weakened, Ethereum’s higher timeframe structure continues to show resilience and is still drawing bullish attention from market participants.

On the long-term chart, ETH remains above key structural support zones. This type of structure is often associated with accumulation, especially when exchange supply continues to trend lower over time. For bulls, the priority is maintaining this higher timeframe support structure and preventing a breakdown into lower demand zones.

A long-term Ethereum chart shows a potential towards $9,000. Source: Crypto Fergani via X

A sustained reclaim of $2,000 would restore bullish momentum and open the path towards $2,200–$2,400, with analyst projecting longer-term cycle targets extending towards the $9,000 range.

Final Thoughts: Ethereum Watches $1,850 Support

Ethereum’s next move depends heavily on whether buyers can defend the current support zone and reclaim lost resistance.

Key levels to watch:

• Support: $1,850, $1,820, $1,750, and $1,510
• Resistance: $1,880-$1,900, followed by $1,975-$2,000
• Bullish confirmation: Reclaim above $1,900
• Bearish risk: Sustained breakdown below $1,850

For now, Ethereum price remains at a decision point. A successful defense of support could set up another attempt towards $2,000, while continued weakness may force a deeper correction before buyers return.