Ethereum Tests a Make-or-Break Zone as Selling Pressure Shows Signs of Fatigue

Ethereum is attempting to stabilize after a sharp selloff that pushed price into a historically important support zone.

According to analysis shared by GainMuse, the recent decline has driven ETH directly into a rising long-term structural base, where downside momentum is beginning to slow.

At the time of writing, ETH is trading near $2,020, following a steep decline from the $3,300–$3,400 region earlier in the year.

Breakdown Momentum Weakens Near Long-Term Support

Crypto trader GainMuse highlights that Ethereum completed a decisive downside move after breaking down from a multi-week triangle structure. That breakdown accelerated selling pressure, sending price rapidly lower until ETH reached the long-term rising support line near the $1,950–$2,000 zone.

Crucially, once price entered this area, downside momentum began to fade. The move lower lost acceleration, and price action shifted from expansion into compression, a pattern often seen when sell-side pressure becomes exhausted near structural demand.

Rather than continuing to cascade lower, Ethereum began stabilizing just above $2,000, suggesting that buyers are actively defending this level.

What the Chart Shows

The ETHUSDT chart reinforces this interpretation. Price dropped sharply from above $2,800, slicing through prior consolidation zones before finding support just below $2,000, with wicks probing the $1,900–$1,950 area.

Since that move, ETH has rebounded modestly and is now consolidating around $2,020, indicating reduced selling intensity. Volume expanded during the breakdown phase and then tapered as price stabilized, signaling that the most aggressive selling may have already played out.

From a structural perspective:

• Key support: $1,950–$2,000
• Local stabilization zone: ~$2,000–$2,100
• Overhead resistance: Descending trendline near $2,600–$2,800

As long as ETH holds above the $1,950 region, the long-term rising support remains technically intact.

Recovery Depends on Reclaiming Lower Highs

While stabilization is underway, Ethereum has not yet confirmed a reversal. The broader structure still shows lower highs beneath a descending resistance line. Any meaningful recovery attempt would first need to reclaim the $2,300–$2,400area, followed by a test of the descending resistance closer to $2,700.

Until then, the current phase is best described as base-building, not trend reversal. The market is transitioning from impulsive selling into consolidation, with direction likely to resolve once this support zone either holds firmly or breaks.

Structure First, Narrative Later

Ethereum is defending a long-term technical level near $2,000, a zone that has historically acted as a pivot between continuation and recovery. GainMuse’s analysis suggests that the breakdown from the triangle may be exhausted, but confirmation will depend on how price behaves around this base in the coming sessions.

For now, Ethereum is no longer accelerating lower. Whether this stabilization evolves into a rebound toward $2,600–$2,800, or fails and reopens downside below $1,900, will define the next major move.

The post Ethereum Tests a Make-or-Break Zone as Selling Pressure Shows Signs of Fatigue appeared first on ETHNews.