Ethereum Price Nears Critical Support as Analysts Watch $1,900 Reclaim

Key Insights

• Ethereum price dropped to a new yearly low near $1,760 amid continued selling pressure.
• Analysts identified $1,750 as a key support zone, with $1,600 and $1,400 below.
• BitMine plans a preferred stock offering that could fund additional ETH purchases.

Ethereum price extended its decline this week, falling to its lowest level of the year as bearish sentiment continued across the crypto market. ETH dropped near $1,760 before stabilizing, leaving traders focused on whether long-term support can prevent a deeper correction.

While some analysts believe downside risk is becoming limited, others argue Ethereum still needs to reclaim key resistance levels before any sustainable recovery can begin. At the same time, institutional treasury activity remains mixed, with some firms reducing exposure while others continue accumulating.

Ethereum price is trading near one of its most important technical areas after falling to a new yearly low. The weekly chart shared by Ted Pillows showed ETH crypto near $1,782, with the price approaching a rising support trendline that has held several major lows since 2022.

The same chart showed RSI near 33, placing Ethereum price close to oversold territory on the weekly timeframe. That reading suggests selling pressure is stretched, though it does not confirm a reversal on its own. ETH crypto still needs buyers to defend the current zone with stronger weekly closes.

Ted Pillows said the downside risk for Ethereum may now be limited unless a major negative event hits the market. His view allows for a possible drop to $1,400-$1,500, but he does not see a clear case for ETH at $1,000 under normal conditions.

This places the $1,750 zone in focus. A clean defense could support a relief move toward $1,900. However, a weak reaction may expose the lower trendline and bring $1,600 back into view.

Meanwhile, Team LAMBO’s weekly setup showed ETH crypto testing a major fair value gap and weekly order block. The chart marks the $1,750 region as the first bearish target already tested, while $1,600 remains the worst-case short-term zone if support fails.

According to the chart, the $1,750 area also aligns with the 0.882 Fibonacci retracement near $1,803. This gives the zone technical weight, especially after Ethereum’s sharp drop from the May rebound. A reaction from this level could decide whether ETH stabilizes or extends losses.

Team LAMBO said the market remains neutral until ETH either breaks above $1,900 on the weekly chart or falls below $1,700. That view keeps traders focused on confirmation rather than one-sided expectations.

Notably, the chart still shows ETH inside a broader descending channel. A breakout from that structure would improve momentum. Until then, rallies may remain relief moves unless price reclaims key resistance with volume.

However, on-chain activity adds another layer of weakness to Ethereum. Lookonchain reported that FG Nexus is down more than $85 million on its Ethereum treasury bet. The firm reportedly bought 50,770 ETH for about $196 million at an average price of $3,860 during August and September 2025.

FG Nexus later sold 36,025 ETH for about $83.92 million at an average price of $2,330. Recent transfers show further ETH movement, including 10,000 ETH sent to Galaxy Digital and another 10,000 ETH from an FG Nexus-labeled wallet.

These flows suggest treasury holders remain under pressure as ETH trades far below several large institutional entry levels. Forced or voluntary sales from such entities can weigh on sentiment, especially when the price is already trading near support.

Still, not all corporate Ethereum activity is bearish. Wu Blockchain reported that BitMine Immersion Technologies plans to offer 3 million shares of 9.50% Series A perpetual preferred stock. The company said net proceeds may be used to acquire additional ETH and other digital assets, expand staking and validator infrastructure, support investments linked to the Ethereum ecosystem, and fund general corporate needs.

Additionally, Ethereum’s short-term outlook now depends on whether bulls can recover $1,900. A move above that level would weaken the immediate bearish structure and may open a retest of $2,060, followed by the larger resistance zone near $2,145.

Failure to reclaim $1,900 would keep sellers in control. In that case, ETH may continue to trade around the $1,750 to $1,700 support zone before testing $1,600. A deeper breakdown could then bring the $1,400-$1,500 range into focus.

The current structure shows Ethereum at a decision point rather than a confirmed reversal. Price is stretched lower, RSI is near oversold levels, and long-term support is close. Even so, buyers still need a clear reaction to turn the setup.

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