Ethereum comes under pressure with a sharp 6% drop that pushes ETH straight into its key support zone around $2,380. Volume has spiked nearly 40% above the 30-day average, and the MACD has flipped bearish, signaling that sellers are pressing hard. If $2,380 breaks, the next relevant support sits noticeably lower at $2,270.
Key takeaways in a nutshell
Sharp daily drop: ETH trades at $2,406 after a 6.3% slide in 24 hours, pushing price directly onto the $2,380 support.
Trend still intact: Despite the drop, ETH holds nearly 10% above the 50-day average at $2,190 and 17% above the 200-day at $2,060.
Decision zone: The battle for direction plays out between resistance at $2,610 and support at $2,380, a narrow but critical range.
Momentum cools: RSI at 58 is neutral-to-firm, but the bearish MACD histogram shows momentum tilting to the downside.
AI sees wide range: The AI forecast model projects a year-end 2026 range from $2,101 to $5,064, with a central value near $3,361.
What happened to the Ethereum price?
Ethereum is trading at $2,406 after a sharp 6.3% drop in the last 24 hours, sliding right into the technically important $2,380 support zone. The weekly low sits at $2,410, meaning price is currently probing the lower edge of the recent range.
Despite the pullback, the broader picture remains constructive: ETH is still up more than 27% over 30 days and 30% over 60 days. What stands out is the volume behind the move: with $19.9 billion in 24-hour turnover, activity is running almost 40% above the 30-day average, which underlines that this is not a quiet drift lower but a decisive test.
Key price levels for Ethereum
On the upside, the first serious hurdle sits at $2,610: a clean reclaim would open the door back toward the monthly high near $2,650. On the downside, $2,380 is the level that matters right now, because it is the last line before the structure of the recent uptrend starts to weaken. If that support gives way, the next meaningful reference sits notably lower at $2,270.
Ethereum indicators: RSI, MACD and volume
The three indicators currently paint a mixed picture. The RSI at 58 is neutral-to-firm and shows no sign of overheating, which leaves room in either direction. The MACD, however, has turned bearish, with a histogram that has been deepening into negative territory for several sessions, confirming that short-term momentum has rolled over. Volume is running nearly 40% above the 30-day average, which adds weight to the current move rather than dismissing it as noise. Together, that suggests sellers are in control of the immediate tape, even though the broader trend structure has not yet been broken.
Relative Strength Index
MACD
AI forecast for Ethereum
Looking toward year-end 2026, our AI forecast model places Ethereum in a wide range between $2,101 on the conservative side and $5,064 on the optimistic side. The central expected value comes in near $3,361, but that figure should not be read as a price target: it is the midpoint of a broad probability distribution.
The width of the range is the actual message. It reflects how much still depends on whether ETH defends the current support zone or slips into a deeper correction. In the conservative case, the model implies a downside of roughly 12.4% from current levels, while the optimistic case would translate into an upside of about 111%.
What could happen now?
Bullish scenario
A recovery back above $2,610 would clearly improve the short-term picture and put the monthly high near $2,650 back into play. For that move to have substance, the RSI should climb further without slipping into overbought territory and the MACD histogram should start turning back up. Volume would need to stay elevated to confirm real demand rather than a short-covering pop. In this case, ETH should not fall back below $2,380 to keep the setup intact.
Trigger: > $2,610 with elevated volume
Bearish scenario
If $2,380 breaks on a daily close, the short-term structure weakens noticeably and sellers gain the initiative. The next relevant reference then sits at $2,270, where buyers would need to step in to prevent a deeper slide. A loss of that zone as well would put pressure on the medium-term trend and open the path toward the monthly low near $1,870. The bearish MACD and the elevated volume on today's drop are early warning signs that this scenario cannot be dismissed.
Trigger: < $2,380
Conclusion: $2,380 level decides the direction
The technical setup is mixed, but not broken: ETH still trades well above its 50- and 200-day averages, yet momentum has clearly turned. The decisive area is the narrow zone between $2,380 support and $2,610 resistance.
A reclaim of $2,610 would shift the tape back to the bulls and reopen the path toward $2,650. A daily close below $2,380 would flip the picture, with $2,270 as the next serious line of defense. Given the bearish MACD and the sharp rise in volume, neither side can be dismissed here. The next few trading days are likely to set the direction.
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Continue to KrakenSince 2017, Philipp Duringer has been deeply involved in Bitcoin, crypto assets and digital financial markets. As the founder of Coinbird, he combines years of crypto experience with more than 15 years of technical experience in IT and digital products. His goal is to make crypto easier to understand, more transparent and easier to compare.
About the authorAI-assisted: This price analysis is generated automatically based on structured market data and reviewed through defined quality rules. It is for informational purposes only and is not financial or investment advice or a recommendation to buy or sell crypto assets.
