Ethereum Eyes $1,878 as Bearish Trend Targets HTF Liquidity

Ethereum approaches $1,878 support as bearish HTF trend holds, with $1,981 liquidity and $2,130 range high in focus before NFP.

Ethereum is approaching a higher time frame support zone as traders assess downside liquidity and broader market structure.

Recent price action has kept the higher time frame trend bearish, and analysts continue to monitor key levels that could define the next move.

With volatility expected around upcoming U.S. economic data, short-term positioning remains cautious.

Ethereum Eyes $1,878 as Bearish Trend Targets HTF Liquidity

Technical analysts report that Ethereum continues to print lower highs and lower lows on the weekly chart.

This structure confirms that the broader trend remains bearish. As long as price trades above the established range lows, many short-term traders favor short setups.

Liquidity around the $1,981 level has become a focal point. Market participants suggest that a sweep of this area could occur before continuation lower.

Such moves often trigger stop orders and create momentum in the opposite direction.

If a bearish market structure breaks after a liquidity sweep, traders may target the $1,878 area.

This level aligns with prior range lows and short-term downside objectives. The setup depends on confirmation through price action and volume behavior.

Key Higher Time Frame Support Below $1,890

Below $1,890, analysts identify a broad higher time frame support box. This zone represents the lower boundary of the current range.

Price interaction within this area could determine short-term direction.

Traders expect increased volatility if Ethereum trades into this region. Liquidity often builds near range extremes, and reactions can be sharp.

As a result, some market participants plan to reduce short exposure near this level.

The $1,878 mark sits within this broader support structure. If price consolidates there, traders will monitor for stabilization signs.

However, failure to hold this zone could extend the bearish sequence further.

Related Reading: Ethereum Targets Zero-Knowledge Based Block Verification in 2026

Upside Scenarios and NFP-Driven Volatility

In the event of a confirmed bounce from support, analysts are watching the $2,130 range high as a potential upside target.

This level marks the upper boundary of the current structure. Any recovery would require sustained buying pressure.

Some traders report that they may keep a portion of short positions open into support.

For example, retaining 25% exposure allows participation if the downtrend continues. At the same time, it reduces overall risk near key demand zones.

The release of U.S. Non-Farm Payroll data adds another variable to market conditions. Traders often limit exposure before major economic reports.

Increased volatility may follow the announcement, and Ethereum price action could react accordingly.

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