Ethereum’s technical structure has weakened further after slipping decisively below the $2,100 level, reinforcing short-term bearish pressure. However, while the breakdown raises the risk of a deeper downside, a repeating fractal pattern on the higher timeframe offers a potential glimmer of hope, suggesting that a larger breakout could still emerge if history rhymes.

Key $2.3K–$2.1K Support Zone Lost

According to Crypto Candy, Ethereum has decisively lost its key daily support zone between $2,300 and $2,100, closing firmly below it and confirming a structural breakdown. This area had previously acted as a strong demand region, repeatedly absorbing selling pressure. Its failure marks an important technical shift, suggesting that the broader market structure has weakened.

With the breakdown confirmed, the former support zone has now flipped into a significant resistance area. ETH has already attempted to reclaim the $2,100–$2,300 range but has failed to regain acceptance above it. This rejection reinforces the idea that sellers are defending the level aggressively, keeping short-term momentum tilted to the downside.

If bearish momentum continues to build, the next major support region to watch sits between $1,700 and $1,500. A move into this range would align with typical continuation behavior following a failed reclaim of broken support.

For now, the bias remains bearish as long as Ethereum trades below the $2,300–$2,100 zone. Only a strong reclaim followed by sustained consolidation above that range would invalidate the downside scenario. 

Ethereum Fractal Structure Mirrors Pre-Rally Setup

Providing a weekly Ethereum update, Trader Tardigrade pointed to a compelling fractal comparison that suggests a familiar structure may be unfolding. The expert’s analysis highlights the formation of a rectangular consolidation box, a setup that closely resembles the price behavior seen before Ethereum’s explosive rally in late 2025.

During that previous cycle, ETH spent weeks compressing within a clearly defined horizontal range, building energy before eventually breaking out with strong momentum. The current chart shows a nearly identical box pattern forming, positioned similarly within the broader ascending channel. The symmetry between the two structures strengthens the case that this may not be random consolidation, but rather a repeat of a larger cyclical pattern.

If the fractal continues to play out as it did before, a decisive breakout above the current range could trigger a powerful upside expansion. Just as in 2025, the longer the price compresses within the box, the more aggressive the eventual move could become. A confirmed break and sustained acceptance above the range would be the key signal that Ethereum is transitioning from accumulation to markup once again.

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Filed under: Bitcoin - @ February 20, 2026 2:00 am