Ether Faces Further Consolidation as Analysts Warn of Extended Price Range Between 1300 and 2000 Dollars in Global Cryptocurrency Markets

Ether (ETH) struggled to maintain levels above $2,000 on Tuesday, sparking fresh debate among crypto analysts. While the altcoin has fallen roughly 31% in 2026, experts note that its current trajectory mirrors a recurring fractal pattern seen in previous bull market cycles.

Rather than signaling a definitive market bottom, the recent drop may simply be the first step in a longer consolidation process.

---

ETH’s Current Price Moves

Ether dipped to $1,736, a level many analysts view as a potential early low. Onchain data points to a broader demand zone between $1,300 and $2,000, where buyers could step in if prices continue to decline.

According to fractal analysis, Ether’s sharp sell-off echoes a pattern from the 2021–2022 and 2024–2025 cycles, in which the first low is typically followed by further downside before a stable base is established.

Weekly charts suggest that the $1,730 level may represent a “first low” rather than a permanent floor.

---

Historical Context: Learning from Past Cycles

In 2021, ETH spent about 12 months consolidating between its initial low near $1,730 and a lower support band around $885. During this period, leverage was reduced and spot demand gradually rebuilt.

Applying this historical framework to today’s market, Ether may continue moving within the $1,300–$2,000 range. Analysts warn that intermediate tests toward $1,500–$1,600 are plausible before a more sustained base takes shape.

---

Onchain Data Highlights Key Demand Zones

Ether’s UTXO realized price distribution (URPD) reveals clusters of supply and demand that could influence price action. Notable resistance exists above current prices, with large supply clusters at $2,822 (5.86% of ETH supply) and $3,119 (6.15%), making upward moves challenging in the near term.

Below current prices, demand appears at $1,881 (1.58 million ETH) and $1,237, which may act as structural supports. The $1,237 level, in particular, stands out as a potential cycle floor, while $1,584 and $1,881 provide intermediate and stronger support zones respectively.

---

Derivatives and Liquidity Data

Derivative markets also paint a similar picture. Long liquidation risk totals $4 billion to $6 billion between $1,700 and $1,455, levels that could attract selling pressure.

However, $12 billion in short liquidity above $3,000 suggests that once downside liquidity is absorbed, a shift toward upward momentum may be possible in the coming months.

---

Structural Support from Exchange Outflows

Ethereum withdrawals from exchanges have surged to their highest level since October 2025, exceeding 220,000 ETH in net outflows. Binance alone recorded roughly 158,000 ETH in daily net outflows last Thursday, marking the largest since August 2025.

This surge in outflows coincided with ETH trading between $1,800 and $2,000, hinting at accumulation or repositioning by investors rather than pure sell-off.

Michaël van de Poppe, founder of MNCapital, notes that price often lags network growth, suggesting the fundamentals remain intact.

---

Rising Stablecoin Activity Supports Ethereum Network

Stablecoin transaction volume on Ethereum has increased by roughly 200% over the past 18 months, even as Ether’s price remains about 30% lower.

This divergence indicates strong underlying network activity, which could support a potential parabolic repricing if market sentiment shifts.

---

What’s Next?

Analysts will be watching ETH closely over the coming weeks to see if the price respects the $1,300–$2,000 consolidation range.

Further downside tests toward $1,500–$1,600 remain possible, but structural support from realized supply and rising stablecoin activity could help the market establish a base.

Investors will also be paying attention to liquidation levels, exchange outflows, and onchain accumulation trends to gauge whether Ether is preparing for a longer-term upward move or further short-term weakness.

---

Summary

Ether has struggled to stay above $2,000, falling roughly 31% in 2026. Analysts highlight a familiar fractal pattern, suggesting that the recent drop may be the first low in a longer consolidation period.

Onchain data points to a demand zone between $1,300 and $2,000, with key supports around $1,237, $1,584, and $1,881.

Exchange outflows and rising stablecoin activity indicate structural support, while derivative markets highlight potential short-term risks.

Ether may continue consolidating before a sustained base emerges.