As Ethereum Slips to $1,800, Is a Plunge to $1,300 on the Horizon?

Jakarta, Pintu News – Ethereum price managed to bounce back above the $1,900 level after a sharp decline, but the big picture still appears fragile. Although the recovery was quick, it hasn’t changed the overall chart structure.

At the same time, whale activity and price positioning suggest that the market is not yet fully out of the danger zone.

With ETH prices still stuck below key resistance, traders are now closely watching whether this is a form of stabilization or simply a pause before a further downward move towards the $1,300 level. So, how will Ethereum price move today?

Ethereum Price Drops 1.53% in 24 Hours

On February 24, 2026, Ethereum’s price softened to around $1,841—equivalent to roughly IDR 31,107,712—marking a 1.53% decline over the past 24 hours. Throughout the trading session, the asset navigated a volatile range, dipping to an intraday low of IDR 30,836,527 before encountering resistance at a high of IDR 32,579,505.

Despite the downward price action, market activity saw a notable uptick; daily trading volume surged by 51% to reach IDR 346.39 trillion, anchoring Ethereum’s total market capitalization at approximately IDR 3,741 trillion.

Read also: As Bitcoin Clings to $64,000, a Massive $60 Billion Whale Dump Sparks Fears of a Crash

ETH Chart Structure Still Favoring the Bearish Camp

On thedaily timeframe, Ethereum price remains below its 20-day and 200-daymoving averages, indicating that the broader trend remains under pressure. The recent bounce from levels below $1,900 appears more of a technical reaction than areversal.

The price has also formed a lower high, and a smallM-shaped continuation structure is developing. In trending market conditions, this kind ofsetup often triggers adownside leg. The key resistance zone is between $2,050 to $2,100. As long as ETH is held below this range, the breakdown structure remains active.

On the downside, $1,750 is the first level to watch. If that level fails to hold, the nextsupport is around $1,600. A sustained breakdown below these levels will open the door tomeasured move targets around $1,300-$1,350.

Ethereum Whales Look to Take a Defensive Position

On-chain data reinforces this cautious view. Wallets holding between 100,000 and 1 million ETH were observed to be trimming their positions, instead of aggressively accumulating during this price drop.

Read also: Solana Price Prediction: Can SOL Survive amidst Falling Open Interest?

This is an important point; a strongbottom is usually supported by a large-scale accumulation that is clearly visible. Currently, such conviction is not evident.

On the contrary, the big players seem to remain defensive, which minimizes the chances of a strongupside reversal in the short term.

Network Activity Increases, But Still Not Enough

Interestingly, the number ofDaily Active Addresses has started to increase even though the Ethereum price remains under pressure. Increased network participation amid weak market conditions sometimes provides a hint that abottom is forming.

However, network activity alone is not enough to move prices. The most crucial factor is sustainedcapital inflow. At this stage, although user engagement is improving, prices have yet to confirm the existence of solid market forces.

This indicates thatdip buyers may be stepping in, but do not yet have enough power to change the broader market trend.

Is $1,300 the Next Target for ETH Price?

The current market structure feels fragile. Retail traders may see value below the $2,000 level, butlarge holders still seem cautious. This imbalance could trigger a brief rally that struggles to break through resistance levels.

If Ethereum price loses the $1,750 support level with strong momentum, a move towards $1,600 could occur quickly. From that point, ameasured move target towards the $1,300-$1,350 range becomes technically valid.

On the other hand, this bearish outlook will weaken if the ETH price is able to reclaim the $2,100 level at the daily close and stay above it. A change in position in the whale group will also change the overall market sentiment. For now, the price structure remains bearish.

The next decisive move-whether it’s a successful break through resistance or a failure to hold support-will determine whether Ethereum will stabilize at this level or head for a deeper correction near $1,300.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Ethereum Price Prediction: Bearish Structure Signals Possible Drop to $1300, Is More Pain Ahead? Accessed on February 24, 2026