Here is the latest price structure for Ethereum: It’s starting to look like It’s a pattern that has caused sharp declines before, and one analyst believes the signs are already showing.
The technical breakdown shared by Leshka.eth on X shows a reversal of the supertrend on the daily timeframe, a setup that always leads to a significant drawdown for ETH. This structure is not new, but the way it is forming again is causing concern. If everything goes according to the established structure, If this happens, the ETH price may plummet. Minimum amount is $1,200.
Supertrend indicator reverses again
of Super trend indicator is A trend following tool that plots dynamic support and resistance levels based on price volatility. The indicator has reversed bearishness on the Ethereum daily time frame. According to chart analysis by Leshka.eth, this is the third time this setup has appeared in the current cycle, with the previous two instances ending with significant losses.
In the first instance, which formed between October and November 2025, Ethereum initially held a support zone, but then collapsed. The subsequent plunge was approximately 45.03%, wiping out a significant portion of the gains since the beginning of the year. Notably, this decline caused the ETH price to drop from over $4,750 to below $2,750.
The second configuration took place in early 2026. Again, ETH price seemed to find a foothold at a support level in early January, but that support eventually collapsed in the second half of the month. This eventually led to the first magnitude decline, with ETH price falling below $1,850 in the first week of February 2026.
same as that The transition is now It will be held again. The supertrend has turned red, which puts Ethereum in a constant position to continue its decline.
line in the sand
The outlook from this analysis is that the key level to watch is $1,990. This is where a reversal of the current supertrend is forming and is a win-lose zone for the short-term ETH outlook. The chart shows a dashed horizontal line as a sand line as support around the $1,990 price level. It must not be broken.
As seen in the chart above, the price is already trying to push up to the resistance near $2,300. The motion was refused. According to Leshka.eth, if it breaks above $1,900, the next target will be the $1,200 zone.
Chart annotations indicate a decline of around 45% to 48% after a similar setup, and applying that range to the current structure predicts Ethereum’s next major zone to be around $1,200.
Featured image from iStock, chart from Tradingview.com
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