Ethereum Breakdown Deepens Below $2,100, But Fractal Signals Hope

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. 

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.