The post Ethereum Price Prediction: Can ETH Price Defend the $2700 Support Zone as Whale Activity Intensifies? appeared first on Coinpedia Fintech News

The Ethereum price has slipped more than 4

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What’s Next—Will the OTC Bids Absorb Spot Supply or Thin Out?

In a falling market like now, this combination usually precedes a higher volatility phase. Considering the current scenario, if the OTC bids absorb the spot supply, the ETH price can stabalise and attempt a rebound. Besides, if exchange deposits accelerate and bids thin out, the token is likely to dig deeper. Technically, the Ethereum price has entered a crucial yet decisive phase where a failure may attract over 20% loss. 

As seen in the above chart, the ETH price is testing the neckline of the head and shoulder pattern and is failing to defend it. The market dynamics and the chart patterns have turned bearish, hinting towards an extended descending trend. The RSI has broken down from a rising pattern, while the CMF has also plunged below 0. These indicators combined suggest a higher probability of a continued descending consolidation or another steep leg lower. This may continue until the RSI recovers to 50 and the CMF flips back above 0. 

The Bottom Line

Ethereum is still trading in a pressure zone, where whale flows look constructive on the surface, but momentum and money flow haven’t confirmed a bottom yet. The OTC activity suggests dip demand is real, but the OG Coinbase deposit keeps a lid on sentiment because it increases the risk of near-term supply hitting the market. With RSI near the mid-30s and CMF slightly negative, ETH needs a decisive reclaim to prove buyers have control.

If buyers defend the $2,900–$2,850 area and ETH price reclaims $3,000, the next upside checkpoints sit at $3,080–$3,120, followed by the key breakout wall at $3,200. A clean close above $3,200 opens room toward $3,350–$3,450. However, if Ethereum fails to regain $3,000 and loses $2,850 on a daily close, downside targets shift to $2,750, then $2,620–$2,550 as a deeper correction plays out.

FAQs

Is Ethereum likely to go up in 2026?

Ethereum could rise in 2026 if it holds key support levels and benefits from network upgrades, ETF demand, and improved macro conditions.

Can Ethereum reach $10,000 by 2030?

Ethereum reaching $10,000 by 2030 is possible if scalability improves, DeFi and ETFs expand, and crypto adoption grows globally.

Is Ethereum a good long-term investment compared to Bitcoin?

Ethereum offers long-term potential due to smart contracts and DeFi use cases, while Bitcoin remains stronger as a store of value.