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2d ago

Ethereum Tests $2,600 Support as Bearish Breakout and ETF Outflows Raise Downside Risk

Following a triangle breakdown, traders now treat the $2,600–$2,710 band as a make-or-break zone.

Ethereum Price Prediction: Bearish Technicals Keep $ETH Under Pressure Near $2,700
Ethereum Struggles to Hold $2,800 Support – Will Buyers Save It or Will Bears Take Control?
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Overview

  • Ether trades near $2,700 after losing the $2,800 level, with analysts focused on whether $2,600–$2,710 can hold.
  • Veteran trader Peter Brandt highlights a bearish triangle breakdown, with chart targets near $2,100 if support gives way.
  • Spot ETH ETFs saw roughly $156 million in single‑day net outflows, led by withdrawals from Fidelity and BlackRock funds.
  • CryptoQuant notes active whale accumulation around the mid‑$2,600s near realized‑price support, indicating a defended demand area.
  • Stress signals persist with $1.67 billion in long liquidations on Jan. 29, ETH/BTC underperformance, and NUPL shifting into the fear zone.