Ethereum price chart targets $1.8K as total value locked hits 13-month lows

Ether’s (ETH) terms printed a “bear pennant” connected the regular chart, a method illustration enactment associated with beardown downward momentum. Could a weakening method setup and a diminution successful full worth locked awesome the continuation of ETH’s correction to $1,800?

Key takeaways:

• Ether is forming a carnivore pennant connected the regular chart, with a imaginable breakdown to $1,800.
• ETH terms whitethorn spot further losses if Ethereum’s full worth locked continues to shrink.

Ether bears oculus ETH terms “dump” to $1,800

Ether’s 13% drop from its multi-month highs supra $2,400 saw it breach a cardinal inclination enactment that has supported the terms since aboriginal February.

“ETH is going to dump hard soon?” Chain Mind said successful a video posted connected X, suggesting wherever ETH/USD mightiness determination adjacent aft dropping beneath the ascending inclination line.

“This is the important infinitesimal for ETH,” Chain Mind said, adding that the terms was required to reclaim the enactment level, different a driblet to areas beneath $1,800 was successful the cards.  

ETH regular chart. Source: X/Chain Mind

Meanwhile, ETH's terms has formed a carnivore pennant illustration signifier connected the regular chart, arsenic shown below.  

A carnivore pennant signifier is simply a bearish setup that forms aft the terms consolidates wrong 2 converging lines pursuing a crisp terms drop.

ETH/USD regular chart. Source: Cointelegraph/TradingView

The pennant volition resoluteness erstwhile the terms breaks beneath the little inclination enactment astatine $2,060, opening the mode for a driblet adjacent to the erstwhile uptrend’s height. This puts the little people for ETH/USD astatine $1,800, down 14% from the existent price.

Crypto expert Alex Marzell said that if Ether's terms dropped beneath $2,050, it would summation the chances of a determination toward the adjacent enactment portion astatine $1,800.

Source: Alex Marzell

As Cointelegraph reported, Ether’s downtrend is apt to proceed toward $1,750 successful the abbreviated word if cardinal enactment levels bash not hold.

Ethereum’s full worth locked crashes 55%

Ether's bearish method outlook overlaps with respective different headwinds, specified arsenic caller Ethereum Foundation departures, weakening societal media sentiment, and declining full worth locked (TVL) crossed its DeFi protocols.

Ethereum’s TVL has present fallen to $116 billion, levels past seen successful April 2025. For comparison, the network’s TVL deed an all-time precocious of $258 cardinal connected Aug. 14, 2025. 

The TVL has truthful much than halved, representing a 55% decline. 

Ethereum full worth locked. Source: DefiLlama

Negative TVL maturation is much pronounced successful Ethereum's layer-2 (L2) network, led by Ether.fi whose full worth locked is down 32% implicit the past 30 days. 

“There is simply a sustained TVL decline” crossed Ethereum's L2 sector, CryptoRank said successful its Telegram enactment connected Monday.

The sharpest corrections are seen successful Arbitrum (-63%), zkSync (-64%), and Linea (-98%), “pointing to precocious liquidity sensitivity to inducement programs and short-term reward mechanics,” the crypto analytics level said, adding:

“This reinforces the broader representation of superior fragmentation successful Ethereum's rollup ecosystem and undermines the ‘unified liquidity pool’ effect that aboriginal L2 improvement models envisioned.”

Layer-2 networks: TVL diminution since October 2025. Source: CryptoRank

Declining TVL signals weakening onchain demand, adding downside unit connected ETH and expanding the risk of further terms declines successful the adjacent term.