Ethereum (ETH) risks a sharp decline to $2,200 if it fails to hold the crucial $2,570 support level, predicts well-known crypto analyst Ali. Currently, the Ether price lies at around $2,700, after a 0.37% drop in the past 24 hours.
The second-largest cryptocurrency has had difficulty gaining momentum and traded sideways in the recent weeks. Its price has declined 21.80% over the past month.
If Ali’s Ethereum prediction holds true and the price drops another 4.71%, it could break key support and trigger an additional 14.45% decline.
Can $2,570 Hold or Will Ethereum Price Drop to $2,200?
In his tweet, Ali (@ali_charts) has pointed out a critical Ethereum support level. He warns that if the ETH price falls below $2,570, the next key line is $2,200.
This concern is justified. As we warned in one of our previous price predictions, Ether ETFs are not seeing traction in the market, while more blockchain continue to overtake Ethereum in key areas.
Bitcoin’s weak performance has put additional pressure on Ethereum, as the anchor digital currency has not shown notable movement for the last two weeks, and has struggled to reach or stay above the $100,000 mark.
The chart above highlights, why the crypto analyst highlighted these 2 particular price levels in this prediction. It shows that $2,570 has acted as an essential support-resistance level, making it a critical battleground for traders.
A break below $2,570 could trigger increased selling pressure, potentially leading ETH to a deeper correction toward $2,200—a level not seen in months.
This scenario would align with broader market trends. Risk assets, including cryptocurrencies, have faced heightened volatility after a mix of crypto-regulatory developments under Donald Trump’s new administration.
After his election victory in November, the marked reached new heights, with Ethereum price eying its $4,500 ATH. But after the hype settled, digital coins took a hit, with Ether ETFs seeing record outflows in January.
Contrary Ethereum Prediction: Analysts Eye Potential Surge to $9,900
However, if ETH can hold above $2,570, it might indicate temporary price stability or even a rally, especially if buying volume increases at this support level. If bulls step in and successfully hold this level, Ethereum could attempt a retest of the $2,800-$3,000 resistance zone.
At least one Twitter analyst, Titan of Crypto, believes Ethereum’s price could rise to between $7,700 and $9,900 in the next few months. He pointed out that Ethereum is following an ascending broadening wedge pattern. This pattern shows higher highs and higher lows, suggesting a long-term upward trend.
If Ethereum keeps following this trend, it may reach the Fibonacci extension levels of 1.272 ($7,784) and 1.414 ($9,322). This could support the price target of $7,700 to $9,900.
READ MORE: $7,300 or $1,600 – Ethereum Price Analysis
