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 every day timeframe, which is a setup that has all the time led to heavy drawdowns for ETH. The construction just isn’t new, however the way in which it’s forming once more has raised concern. If all goes in keeping with 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 software that plots dynamic help and resistance ranges primarily based on value volatility. This indicator has reversed bearish on Ethereum’s every day timeframe. In line with chart evaluation by Leshka.eth, that is the third time this setup has appeared within the present cycle, and the earlier two situations led to 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 positive factors 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 took place in early 2026. Once more, the ETH value appeared to search out footing at a help degree in early January, however that help finally gave approach throughout the second half of the month. This finally led to a decline that regarded 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 going down once more. The SuperTrend has turned pink, 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 degree 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 degree as the road within the sand that should not be damaged.
Worth has already tried to push larger into resistance round $2,300, as seen within the chart above however these strikes have been rejected. In line with Leshka.eth, if $1,900 breaks, then the subsequent goal is the $1,200 zone.
The chart annotations level to drops of roughly 45% to 48% after comparable 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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