Ethereum Price Prediction: ETH Watches $1,743 Bear Trap Reclaim

Ethereum is sitting at a critical point after slipping below a key range support level. If $ETH reclaims $1,743, analysts say the breakdown could turn into a bear trap and open the door to a stronger bounce.

Ethereum Whales Stay Quiet as Analysts See Potential for Sharp Move

Ethereum could be primed for increased volatility as on-chain data suggests large holders are not actively placing sell orders.

According to analyst CW, the chart indicates an absence of significant $ETH whale sell walls, with selling pressure from major holders appearing limited. The data shows Ethereum trading near $1,682 while liquidity remains relatively balanced, raising the possibility of a stronger move if whales begin accumulating or step back into the market.

$ETH Whale Order Flow Chart. Source: CW (@CW8900)

The visualization highlights substantial buy-side liquidity below the current price, represented by the green zones, while the upper levels show comparatively lighter sell-side pressure. According to the analysis, the lack of aggressive sell orders from large holders reduces one potential obstacle to upside momentum.

However, the setup does not guarantee an immediate rally. Whale inactivity can persist for extended periods, and broader market conditions will still influence Ethereum’s direction.

For now, traders are watching whether major holders remain on the sidelines or begin making moves that could trigger a significant price expansion. With limited visible sell pressure, analysts argue that Ethereum could be positioned for a sharp move if buying interest accelerates.

Ethereum Breakdown or Bear Trap? Analysts Watch for a Deviation

Ethereum could be approaching a pivotal moment after breaking below a major range support level, raising the question of whether the move marks a continuation of the downtrend or a potential bear trap.

According to CryptoWZRD, the $ETH/USD daily chart shows price trading below the former range floor near $1,743. If Ethereum can reclaim this level and turn the current breakdown into a deviation, the analyst believes a recovery toward the range highs around $2,400 could follow.

$ETH/USD Daily Chart. Source: CryptoWZRD via TradingView

The chart highlights Ethereum falling beneath its established trading range before stabilizing within a lower support zone. In market structure analysis, a deviation occurs when price briefly breaks a key level but quickly reverses back into the previous range, trapping traders who positioned for a sustained breakdown.

According to the analysis, reclaiming $1,743 would be the first sign that sellers are losing control. A successful recovery above that threshold could invalidate the bearish setup and shift focus back toward the range highs near $2,400.

However, the bullish scenario remains unconfirmed. If Ethereum fails to reclaim the lost support, the breakdown could simply represent another leg lower within the broader macro downtrend.

For now, traders are watching whether Ethereum can transform the recent breakdown into a deviation and force bears to retreat, or whether sellers will maintain control of the trend.