Ethereum price forms bearish Adam and Eve pattern, will it crash under $2,000?

Ethereum price has formed a bearish Adam and Eve pattern on the daily chart — May 18 | Source: crypto.news

The pattern consists of a sharp, rounded peak followed by a broader, curved structure, with the neckline support currently positioned near the $1,930 region.

Ethereum has already started breaking down from the upper curve of the formation, while momentum indicators continue weakening.

The MACD has crossed into bearish territory, with both signal lines continuing to trend lower as red histogram bars expand, indicating growing downside momentum.

Meanwhile, the RSI has fallen toward the 34 level, suggesting that bearish momentum continues strengthening while buyers gradually lose control of the short-term trend.

Ethereum is also now struggling to hold above the key $2,100 psychological support level after repeatedly failing to reclaim the $2,400 resistance zone earlier this month.

If sellers successfully push ETH below the neckline support near $1,930, the bearish Adam and Eve setup could trigger a deeper correction toward the $1,700–$1,600 region.

On the upside, bulls would need to reclaim the $2,300–$2,400 resistance zone to invalidate the current bearish structure and restore broader bullish momentum.

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