Ethereum Price Prediction as ETH Falls Toward $2,680 Support

Ethereum Price Prediction: ETH Tests $2,680 Support Zone

Ethereum Price Prediction: ETH Nears Critical Support Amid Decline

Ethereum Price Prediction analysis highlights ETH’s continued descent toward the $2,680 region, with falling open interest and accelerating volatility suggesting persistent market stress. Sellers remain dominant as buyers show limited reaction around major support levels.

Ethereum Faces Persistent Intraday Downtrend Toward $2,700

Ethereum Price analysis centers on a clear intraday downtrend, with this token sliding from above $3,300 toward the $2,700 area. The 1-hour chart shows a well-defined sequence of lower highs and lower lows, reinforcing consistent bearish momentum throughout the observed period. 

Source: Open Interest

The most recent portion of the chart reveals a rapid drop below $2,800 before a modest bounce, which fails to alter the prevailing trend. Increasing candle size during the decline points to rising volatility and intensifying selling activity. 

Aggregated open interest trends downward as the coin declines, falling from roughly $15.4B to $15.3B. This contraction in OI indicates that positions primarily longs are being closed or liquidated rather than replaced by aggressive short exposure. 

The sharp fall in OI near the end of the chart aligns with the price drop, reflecting forced unwinding. Within Ethereum Price Prediction models, such behavior typically represents de-risking rather than early reversal conditions.

ETH Continues Steady Decline Amid Rising Selling Pressure

A broader view shows ETH falling from about $3,030 toward $2,680 in a steady decline. The initial sharp selloff points to strong selling pressure, possibly prompted by a macro-driven catalyst or derivative-driven liquidation. After this first move, the market produces several recovery attempts, but each bounce becomes progressively weaker, signaling buyer exhaustion.

Source: CoinMarketCap

Late in the session, volatility increases as the token breaks below $2,700. This rapid decline reinforces the dominant bearish structure and suggests that stop-loss clusters or liquidation levels were triggered. 

No significant reversal signatures appear, and the trend continues to slope downward. For Ethereum Price Prediction assessments, the consistent lower highs, lower lows, and fading bounce attempts reflect clear directional bias in favor of sellers.

ETH Key Levels Highlighted on the Broader Daily Chart

At the time of writing, ETH trades around $2,681 after losing the $3,200–$3,300 support region. The daily chart shows a sustained multi-week decline following the September–October peak near $4,800. Momentum shifted decisively bearish since then, forming a structural sequence of lower highs and lower lows across the broader timeframe.

Source: TradingView

The coin has returned to a critical horizontal support zone tested multiple times between March and July 2025. This region served as a major accumulation base before the rally toward $4,800, making its current retest structurally important. A breakdown below this range could open downside targets at $2,400–$2,500.

Volume remains moderate, signaling controlled but persistent distribution. For bullish momentum to recover, the token would need a strong stabilization pattern or a meaningful rebound from current levels to counter the existing trend pressure.