Ethereum price eyes capitulation toward $900

From a market-structure perspective, Ethereum has clearly entered a bearish phase. The rejection from the value area highlighted a significant structural failure, confirming that buyers were unable to sustain acceptance at a higher value. Since then, price action has unfolded in a controlled but persistent decline, forming a sequence of lower highs and lower lows across the daily timeframe.

This type of structure typically signals trend continuation rather than consolidation, especially when accompanied by declining bullish volume. Each attempt at stabilization has been met with renewed selling, reinforcing the idea that downside liquidity remains a magnet for price discovery.

Point of control signals final support before range low

Ethereum is now trading closer to the point of control, a critical technical level that often acts as a pivot between balance and imbalance. Within a broader trading range, the POC often serves as the final structural support before the price rotates toward the range low.

A clean loss of this level would significantly increase the probability of a capitulation-style move toward $900. Importantly, this is not necessarily a bearish breakdown, but rather a natural rotation within a high-timeframe range, designed to fully reset positioning and flush remaining weak hands from the market.

$900 range low holds historical significance

The $900 region stands out as a highly significant support zone, aligning with the value area low of the broader range. Historically, every retest of this area has resulted in a strong bullish response, suggesting that long-term buyers are active at these levels.

A move into this region would likely coincide with heightened volatility and emotional selling, characteristics commonly associated with capitulation events. These conditions often precede local bottoms, especially when the price reaches range extremes after extended periods of directional movement.

What to expect in the coming price action

From a technical, price-action, and market-structure perspective, Ethereum appears to be undergoing a high-timeframe range rotation rather than a structural collapse. As long as the broader range remains intact, a move toward $900 remains a valid scenario and may represent the conditions needed to form a local bottom.

If capitulation occurs near the range low, Ethereum could then begin a rotational move back toward higher-value areas, including the value-area high and the high-timeframe resistance near $4,700.