Ethereum’s newest value construction is starting to appear like a sample that has beforehand led to steep declines, and one analyst believes the sign is already in play.
A technical breakdown shared by Leshka.eth on X factors to a SuperTrend reversal on the day by day timeframe, which is a setup that has all the time led to heavy drawdowns for ETH. The construction isn’t new, however the way in which it’s forming once more has raised concern. If all goes in response to the laid out construction, then the ETH value might crash to as little as $1,200.
The SuperTrend Indicator Has Flipped Once more
The SuperTrend indicator is a trend-following instrument that plots dynamic help and resistance ranges based mostly on value volatility. This indicator has reversed bearish on Ethereum’s day by day timeframe. In response to chart evaluation by Leshka.eth, that is the third time this setup has appeared within the present cycle, and the earlier two situations resulted in steep losses.
The primary occasion, which fashioned across the October and November 2025 interval, noticed Ethereum initially maintain a help zone earlier than breaking down. The collapse that adopted measured roughly 45.03%, a selloff that worn out a good portion of the features from earlier within the yr. Notably, this selloff noticed the ETH value fall from above $4,750 till it fell under $2,750.
The second setup happened in early 2026. Once more, the ETH value appeared to search out footing at a help stage in early January, however that help ultimately gave means throughout the second half of the month. This ultimately led to a decline that seemed like the primary episode in magnitude, with the ETH value falling under $1,850 within the first week of February 2026.
That very same transition is now happening once more. The SuperTrend has turned purple, and this locations Ethereum in a situation that has all the time favored continuation to the draw back.
The Line In The Sand
The outlook from this evaluation locations the vital stage to observe at $1,990. That is the place the present SuperTrend reversal is forming, and it’s the make-or-break zone for the near-term ETH outlook. The chart exhibits a dashed horizontal line as help across the $1,990 value stage as the road within the sand that should not be damaged.
Worth has already tried to push greater into resistance round $2,300, as seen within the chart above however these strikes have been rejected. In response to Leshka.eth, if $1,900 breaks, then the following goal is the $1,200 zone.
The chart annotations level to drops of roughly 45% to 48% after related setups, and making use of that vary to the present construction initiatives Ethereum’s subsequent main zone round $1,200.
Featured picture from iStock, chart from Tradingview.com
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