Ethereum Price Risks Drop to $1,800 as TVL Falls to 13-Month Low

Ether is facing growing downside pressure as technical indicators point to a possible correction toward $1,800. After falling nearly 13% from highs above $2,400, ETH slipped below an important ascending trend line that had supported price movement since February.

Market analysts believe the current level is critical for Ethereum. If ETH fails to reclaim lost support near $2,050–$2,060, selling pressure may intensify. Some traders warn that a deeper pullback toward the $1,800 zone is becoming increasingly likely.

Bear Pennant Pattern Signals Possible ETH Breakdown

Ethereum’s daily chart is showing a classic bear pennant, a technical setup often linked to continued downside momentum after a sharp decline. The pattern forms when price consolidates between narrowing trend lines before another move lower.

A confirmed breakdown below $2,060 could trigger a move toward $1,800, marking another 14% decline from current levels. Some short-term forecasts even suggest ETH could briefly test the $1,750 area if support weakens further.

Ethereum TVL Decline Adds Pressure

Ethereum’s total value locked (TVL) has dropped to $116 billion, its lowest level since April 2025 and down 55% from the $258 billion peak recorded in August 2025.

Layer-2 networks have seen sharper declines, with major ecosystems like Arbitrum, zkSync, and Linea recording steep drops in locked value. Analysts say weakening TVL reflects softer onchain demand, increasing pressure on Ethereum’s price outlook.