Ethereum News Today: Ethereum Drops 14.04% to $1,552, Re-enters Long-Term Support Curve

Ethereum has experienced a significant decline, falling to $1,552 in the weekly session, marking a 14.04% decrease. This drop has brought the digital asset back to its historical support curve, which has been a reliable indicator of bottoms during major market resets since 2016. According to analyst Benjamin Cowen, Ethereum has re-entered its long-term logarithmic regression channel, a pattern that has historically preceded major trend reversals.

The current price level of $1,552 aligns with past bottoms in 2018 and 2020, when Ethereum traded within the same support band. In 2018, the asset bottomed around $85 within this band before initiating a multi-year rally. Similarly, during the COVID-19 crash in March 2020, Ethereum traded below $100 and subsequently broke out to an all-time high above $4,800 by November 2021. Each bounce from this green curve has historically confirmed a long-term bullish structure.

However, the recent drop also reflects broad market weakness, signaling uncertainty ahead. Macro pressures, including reduced liquidity, lower DeFi activity, and regulatory uncertainty, add external variables that differ significantly from previous cycle lows. Ethereum now trades in a mature market with institutional participants and broader macro correlations, unlike in past cycles.

Despite these challenges, the curve’s historical accuracy draws attention. The band visually reflects a long-term pricing corridor defined by years of price action. With Ethereum now back at $1,552, traders are evaluating whether this structural support will once again hold strong. The current positioning offers a potential turning point if historical trends persist. However, the price must stabilize within this range to avoid deeper corrections.

Ethereum’s price is now situated near the mid-range of the lower band, between $1,500 and $1,600, which may act as key support in the coming sessions. Failure to hold this line could open the door to a retest of the $1,200 level, which aligns with the lower bound of the regression channel. Weekly data shows strong sell pressure, with ETH down over $250 for the week. The asset’s next move will determine if this curve retains its legacy as Ethereum’s long-term anchor.