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Ethereum can’t get past $2,000. After climbing from just over $1,500 to nearly $1,980, the largest altcoin by market cap hit a wall at a level traders have been watching for weeks — and now the same technical indicator that called the earlier rally is pointing down.
The TD Sequential, a tool traders use to spot trend reversals, flipped to a sell signal on Ethereum after a run that felt, for a moment, like it had real legs. Analyst Ali Martinez was among the first to flag it. He’d pointed to a buy signal when Ethereum fell to around $1,520 in early July, and that call aged well — ETH pushed up to $1,980 last week. But the indicator has turned, and Martinez says investors should think about locking in gains. Not a panic call. Just caution.
Bull Trap Warning Between $1,860 and $1,955
Analyst Crypto Lens went further. Per Crypto Lens, Ethereum’s price is currently stuck between $1,860 and $1,955, and that range probably won’t hold. The read here is that the market may be setting up a classic bull trap — a brief period where price looks stable before rolling over hard. If that plays out, Crypto Lens sees Ethereum falling toward $1,400, and in a worse scenario, all the way down to $900 before any meaningful recovery kicks in.
Nine hundred dollars. That’s not a typo.
And yet, after that kind of flush, Crypto Lens still thinks Ethereum’s next big rally could target $7,000. So the bearish call isn’t permanent — it’s more about the near-term setup looking shaky. Traders who’ve been riding the bounce from $1,520 are now caught between a ceiling that won’t break and a floor that might not hold. It’s a tough spot.
The $2,000 level isn’t just a round number. In crypto markets, round numbers attract option strikes, stop-loss clusters, and psychological hesitation from both buyers and sellers. Ethereum has bumped against $2,000 before and failed. Each failed attempt makes the next one harder, because sellers who got burned waiting for a breakout tend to sell earlier the next time around. That dynamic is probably playing out right now.
Ethereum Keeps Losing Ground Against Bitcoin
The ETH/BTC picture is maybe more worrying than the dollar price. Analyst Crypto Rover has been tracking a year-long pattern of lower highs and lower lows in the ETH/BTC pair, and it’s not pretty. After peaking at 0.04 against Bitcoin in October last year, Ethereum slid to 0.025 by June. There was a brief bounce back to 0.03, which felt like a turning point — but Crypto Rover warns another leg down could be coming, possibly below 0.0235.
That would be a fresh multi-year low for the pair.
Why does ETH/BTC matter? Because it tells you something about relative demand. When Ethereum is losing ground against Bitcoin even during a broader crypto rally, it means capital is rotating toward Bitcoin rather than into the altcoin space. For Ethereum bulls, that’s kind of the worst-case scenario — not a market crash, but a slow, grinding underperformance while Bitcoin quietly does better.
Crypto Rover’s read is that the brief rally to 0.03 was basically a dead-cat bounce in the pair. No confirmation, no follow-through. And with Bitcoin maintaining its dominance across most of 2025, Ethereum’s case for catching up looks weaker now than it did six months ago.
What Traders Are Watching Now
So where does that leave things? Ethereum is caught between two bad outcomes — a failed breakout above $2,000 that triggers a deeper selloff, or a slow bleed lower while Bitcoin holds steady. Neither is great. The TD Sequential bearish signal adds a layer of technical pressure on top of the already-murky fundamental picture.
Martinez’s framing is probably the right one for most holders: this isn’t necessarily a crash call, but it’s a signal to be careful. Securing profits after a run from $1,520 to nearly $1,980 isn’t a bad move. The risk/reward for chasing a $2,000 breakout right now seems unclear at best.
Crypto Lens’s $900 target is the most aggressive bear case on the table. Whether that actually plays out depends on whether the consolidation below $2,000 holds or cracks. If it cracks, the next support levels are a long way down.
For now, Ethereum sits in a tight range — $1,860 on the low end, $1,955 on the high — with analysts on both sides watching to see which way it breaks. The TD Sequential says down. Crypto Rover says ETH/BTC goes lower. And the $2,000 ceiling hasn’t budged.
Frequently Asked Questions
What did the TD Sequential indicator signal for Ethereum?
The TD Sequential flipped to a sell signal after Ethereum rallied from around $1,520 to nearly $1,980. Analyst Ali Martinez had earlier used the same indicator to call the buy signal at $1,520 in early July.
How far could Ethereum fall according to analysts?
Analyst Crypto Lens sees a potential decline toward $1,400 to $900 if a bull trap plays out in the current $1,860–$1,955 range, while Crypto Rover warns the ETH/BTC pair could drop below 0.0235.
