Ethereum Price Faces Downward Pressure as Total Value Locked Hits 13-Month Low
Ethereum price chart targets $1.8K as total value locked hits 13-month lows
Cointelegraph
Image: Cointelegraph
Ethereum's price is projected to drop to $1,800, reflecting a 14% decrease amid a bearish chart pattern and a significant decline in total value locked (TVL), which has fallen 55% to $116 billion. Analysts warn of further losses if key support levels fail.
- 01Ethereum's price has formed a bear pennant pattern, indicating potential for further declines.
- 02The total value locked (TVL) on Ethereum has decreased by 55%, reaching $116 billion, the lowest since April 2025.
- 03If ETH drops below $2,050, it may trigger a decline toward the next support level at $1,800.
- 04Layer-2 networks are experiencing significant TVL declines, with Arbitrum and zkSync down 63% and 64%, respectively.
- 05Weakening social media sentiment and recent departures from the Ethereum Foundation are contributing to the bearish outlook.
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Ethereum's price is currently under pressure, with projections indicating a potential drop to $1,800, reflecting a 14% decrease from current levels. This bearish sentiment is reinforced by the formation of a bear pennant on the daily chart, suggesting strong downward momentum. The total value locked (TVL) on the Ethereum network has plummeted by 55%, now sitting at $116 billion, the lowest level since April 2025. Analysts highlight that if the price falls below $2,050, it could lead to further declines towards the support level at $1,800. Additionally, the TVL decline is particularly pronounced in Ethereum's layer-2 networks, with significant drops in platforms like Arbitrum and zkSync. This trend indicates a broader issue of capital fragmentation within Ethereum's ecosystem, which may exert additional downward pressure on ETH prices in the near term.
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The decline in Ethereum's price and total value locked could lead to reduced investor confidence and liquidity in the DeFi market.
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