After a brief rise above $3000 yesterday, Ethereum (ETH) has again fallen below that value due to widespread market volatility. Analysts are now assessing where the altcoin may find its bottom.
Using technical analysis, on-chain data, and market cycle theory, several scenarios emerge suggesting what the next major move for ETH may look like.
Analysts present bottom scenarios for Ethereum
Recent price movements of Ethereum reflect the uncertainty engulfing the broader cryptocurrency market along with rising and easing geopolitical tensions that trigger significant volatility.
According to BeInCrypto Markets data, the second largest cryptocurrency lost 1.67% in the last 24 hours. At the time of writing, Ethereum was priced at 2,970.87 USD.
Analyst Ted Pillows suggested that a successful breakout above the range of 3000-3050 USD could open the way to the level of 3200 USD. However, failure to reclaim that territory could expose ETH to a new yearly low.
In this context, other analysts are also presenting their hypotheses about the bottom for Ethereum. CryptoQuant analyst CW8900 noted that the realized price of ETH accumulation addresses, i.e., the average cost at which long-term holders bought their coins, continues to rise and approaches the price on the spot market.
This trend suggests that large investors, often referred to as whales, are still increasing their positions instead of exiting the market. CryptoQuant analyst explained:
Realized price is a strong support level for accumulating whales.
Furthermore, the analyst added that Ethereum has never dropped below this cost zone, indicating that whales are defending this level through increased purchases. Based on this data, CW estimates that even if the altcoin declines further, a potential bottom could form around 2720 USD. CW8900 added:
In other words, even if further declines occur, the bottom is likely to be around 2720. This means a difference of about 7% compared to the current price.
From a technical analysis perspective, trader Kamran Asghar claims that ETH has formed its third 'huge weekly rounded bottom.' The two previous such setups ended in increases, which may herald another rebound.
The altcoin chart on higher timeframes looks promising.
Meanwhile, on higher timeframes, other analysts point to similar trend reversal formations. According to analyst Bit Bull, ETH is forming a double bottom structure on the monthly chart and simultaneously an inverted head and shoulders pattern. Both formations are often considered signals for bullish reversal in technical analysis. Bit Bull noted:
I think ETH will surprise everyone in 2026.
Finally, analyst Matthew Hyland pointed out historical cycle patterns. He suggested that Ethereum could be entering a new phase of its market structure.
This concept suggests that the altcoin follows a 3.5-year cycle, different from Bitcoin's four-year halving cycle. The analyst stated that the cyclical bottom appeared in the fourth quarter of 2025. Hyland emphasized:
The decline of the 3.5-year cycle extends up to months 40-42 after establishing a new ATH, just like in the previous two cycles. The new ETH cycle has already begun.
Overall, analysts' opinions are divided, but several indicators show that ETH is approaching an important turning point. Although volatility may still appear in the short term, on-chain data, technical setups, and cyclical patterns indicate zones where declines could trigger demand and prepare the ground for a new Ethereum movement.
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