Ethereum Plunges Below IDR 35.4 Million, Analysts Say This Pattern is the Last Hope!

Jakarta, Pintu News – The technical structure of Ethereum (ETH) is observed to weaken further after the price corrected sharply and settled convincingly below the psychological level of $2,100 or around Rp35,462,700. This decline reinforces the short-term bearish pressure for one of the world’s largest cryptocurrency assets. However, market watchers discovered a recurring fractal pattern on higher time frames, giving investors a glimmer of hope that a big surge might still be possible if history repeats itself.

Rp35 Million Crucial Support Zone Fails to Survive

According to analysis from Crypto Candy, Ethereum (ETH) has officially lost its key daily support zone that was between $2,100 to $2,300 (equivalent to IDR35,462,700 – IDR38,840,100). This region previously served as a very strong demand area and was repeatedly able to withstand selling pressure. The failure of this zone to hold signals an important technical shift, suggesting that the overall market structure has weakened significantly.

With the confirmation of this breakdown, the old support zone has now turned into a heavy resistance area. Ethereum (ETH) briefly attempted to re-enter the $2,100-$2,300 range but failed to gain acceptance above that level. This rejection reinforces the view that sellers are currently defending the level aggressively, keeping the short-term momentum skewed to the downside. If the selling pressure continues, the next area of support to watch out for is in the range of $1,500 to $1,700 (approx. IDR25,330,500 – IDR28,707,900).

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“Consolidation Box” Fractal Pattern Signals Hope

Despite the gloomy market conditions, Tardigrade Trader analysts provided a weekly update highlighting an interesting fractal comparison. The expert pointed out the formation of a “rectangular consolidation box” pattern that closely resembles the price behavior of Ethereum (ETH) before its explosive rally at the end of 2025. The similar symmetry between these two structures strengthens the argument that the current consolidation is not a coincidence, but rather part of a larger, repeating cycle.

In the previous cycle, Ethereum (ETH) spent weeks congealing within a horizontal range before finally breaking out with very strong momentum. Currently, the chart shows an almost identical box pattern forming inside a broader ascending channel. If this fractal continues as planned, a decisive breakout above the current consolidation range could trigger a massive upside expansion, similar to what happened in the past.

Awaiting Transition from Accumulation to Markup

For investors, the key thing to consider is how long the price will continue to compress inside the “box”. The longer the price stays in the compression phase, the more aggressive the next move will usually be. Confirmation of a stable price close above the resistance range will be a strong signal that Ethereum (ETH) is transitioning from the accumulation phase back to the markup or price increase phase.

Currently, Ethereum (ETH) is trading at around $1,957 or equivalent to IDR 33,047,865. Traders are advised to stay alert for high volatility during this consolidation phase. While the short-term trend still looks challenging, this fractal narrative provides a basis for optimism for those who believe in the cryptocurrency’s long-term recovery potential in 2026.

Also Read: Tron (TRX)’s Glory in 2026: King of Transactions and Digital Payment Infrastructure

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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:

• Godspower Owie. Ethereum Breakdown Deepens Below $2,100, But Fractal Signals Hope. Accessed February 20, 2026.