Ethereum’s native coin ETH is showing weakness, as it is down 5.4 percent over the past week. The cryptocurrency is now showing two classic bearish patterns on the weekly and daily charts, which could push it down to as low as $1,075.
Ethereum price in trouble if $2,000 support fails
On the daily chart, ETH is showing fragility as it has developed a bearish flag which could initiate a severe price breakdown for the digital asset.
ETH is trading close to the lower trend line of a bear flag at $2,000. For reference, in January 2026, a breakdown from a similar level resulted in a 41.5 percent price drop.
For the uninitiated, a bear flag pattern is a bearish trend continuation that develops after the price has consolidated inside an upward sloping channel, after a price crash.
If we superimpose the previous price crash’s magnitude over the current Ethereum daily chart, a measure target of the bearish flag would be about $1,075 – a huge 49 percent crash from the cryptocurrency’s current price.
The death cross bear case
Another bearish scenario for Ethereum is due to the confirmation of a death cross between the 21-day simple moving average (SMA) and 50-day SMA. In addition, momentum indicators like the relative strength index (RSI) also show deterioration in both the daily and weekly timeframes.
To explain, a death cross is a bearish technical signal that occurs when a short-term moving average, typically the 50-day moving average (MA), crosses below a longer-term MA such as the 200-day moving average. Most traders usually see it as a sign of weak momentum and an extension of a broader downtrend.
If ETH fails to bounce back from support levels on the downside, then a potential crash to $1,300 is on the cards.
What does liquidation and whale movement say?
As far as liquidation data is concerned, it shows that any price pullback below $2,000 would trigger a massive leveraged long liquidation of more than $1.7B across all exchanges. The following chart from Coinglass confirms it.
Finally, whale movements also show large Ethereum holders trimming exposure to the digital asset. Specifically, the number of whales holding more than 10,000 ETH has fallen to a 10-month low of 1,050.