Ethereum (ETH) Price Prediction: $2,000 or $1,680 Next as ETH Reaches a Critical Turning Point

Ethereum price has fallen back below $1,900 after buyers failed to maintain the latest recovery, leaving ETH positioned between an important support zone and growing technical evidence that momentum is weakening. At the time of writing, Ethereum price is trading near $1,868, down approximately 1.95% over the past 24 hours, according to Brave New Coin data.

Ethereum’s move below $1,900 has weakened its short-term momentum, but the broader recovery has not completely broken while price remains above the $1,850 support region.

Ted identified $1,850 as the main level separating another recovery attempt from a deeper correction. The chart shows Ethereum price consolidating directly above this demand zone after being rejected from the resistance between approximately $1,925 and $1,955.

Ethereum chart shows support near $1,850 after losing the $1,900 level. Source: Ted via X

Holding $1,850 could allow Ethereum to reclaim $1,900 before challenging $1,950 and $2,000. A decisive move through $2,000 would strengthen the structure and place the next resistance near $2,150-$2,200 in focus.

However, losing the current demand zone would expose the lower support near $1,670. A more aggressive sell-off could eventually bring the larger $1,530-$1,550 region back into consideration.

Although Ethereum has recovered considerably from its June low, momentum indicators are no longer confirming the latest price advance.

Famous crypto analyst Cold Blooded Shiller highlighted a bearish divergence in which ETH established higher price levels while momentum indicators began producing lower highs. This suggests that buying pressure has weakened as Ethereum approaches resistance.

A chart shows Ethereum forming bearish divergence near $1,900–$2,000, increasing the chance of a move lower. Source: Cold Blooded Shiller via X

The inability to reach $2,000 despite the nearby liquidity also raises questions about the strength of the current recovery. A brief sweep of that level remains possible, but repeated rejection below it would increase the probability that sellers regain control.

Confirmation of the bearish divergence would require ETH to lose $1,850 and begin closing below the recent consolidation range. Until then, the signal remains a warning rather than confirmation of a larger breakdown.

Ethereum’s four-hour structure has also weakened after price moved below the ascending trendline that had supported the recovery from the June bottom.

Crypto Tolga’s chart shows ETH price breaking beneath the rising channel near $1,900. The projected setup points towards a continuation lower unless price quickly recovers the broken trendline and closes back above the nearby resistance zone.

A four-hour Ethereum chart shows price breaking below an ascending support trendline, with the next major downside target near $1,680. Source: Crypto Tolga via X

The first downside test remains around $1,850. If this level fails, the chart leaves limited structural support before the $1,780-$1,740 region, followed by the larger horizontal demand zone near $1,680. For bulls, reclaiming approximately $1,907-$1,936 would weaken the breakdown setup. A move above this region would place ETH Ethereum price back inside the previous structure and improve the probability of another push towards $2,000.

Institutional flows are also beginning to show a notable divergence in Ethereum demand, even as short-term price action for ETH remains under pressure. Bitfinex reported that Ethereum exchange-traded fund flows have continued to show resilience despite recent volatility. Since the middle of July, Ethereum funds have maintained steady inflows even as ETH pulled back below $1,900.

Charts show Ethereum ETF products maintaining positive inflows despite price weakness. Source: Bitfinex via X

This resilience in Ethereum ETF inflows is particularly notable given the current weakness in price, suggesting that institutional demand has not slowed even as ETH price struggles to hold short-term support levels. In other words, while momentum has faded on the chart, capital continues to flow into Ethereum products, reinforcing a more constructive underlying demand picture.

Ethereum price is now positioned at a critical point between improving longer-term signals and weakening short-term price action.

The immediate support remains around $1,850. Defending this region would keep the recovery structure active and allow ETH to challenge $1,900, followed by the main resistance between $1,950 and $2,000.

Ethereum price is trading near $1,868 after falling almost 2% over the past 24 hours. Source: Brave New Coin

On the downside, a sustained close below $1,850 would reinforce the bearish divergence and the ascending channel breakdown. This could expose $1,780-$1,740 first, followed by the major support near $1,680.

Ethereum is now at a decisive point where the next major move is likely to define its short-term trend. If buyers manage to hold the $1,850 support zone, ETH still has room to stage a recovery towards the $2,000 level, especially as steady ETF inflows continue to provide a supportive fundamental backdrop.

However, the risk of further downside remains elevated in the near term. The presence of bearish divergence combined with the recent breakdown from the ascending channel suggests that momentum is weakening. If Ethereum price loses the $1,850 support, the correction could deepen quickly towards the $1,780–$1,740 region, with $1,680 emerging as the next significant support level if selling pressure accelerates.