El Bear Pennant de Ethereum apunta a 1.800 dólares mientras el TVL alcanza un mínimo del 55%

Ethereum ha formado un banderín bajista en el gráfico diario, un patrón técnico de consolidación que apunta a una caída de aproximadamente $1,800, es decir, un 14% menos que los niveles actuales, según el análisis de mercado de Cointelegraph publicado el 26 de mayo. El escenario bajista llega después de que ETH cayera un 13% desde máximos de varios meses por encima de $2,400. El valor total bloqueado (TVL) de Ethereum ha caído hasta $116 mil millones, su nivel más bajo desde abril de 2025, lo que supone una disminución del 55% frente al máximo histórico de $258 mil millones registrado el 14 de agosto de 2025. La convergencia de un debilitamiento de los fundamentos on-chain y un deterioro técnico ha intensificado la presión a la baja sobre el activo nativo de la red.

Technical Breakdown Follows 13% Decline

The bear pennant—a consolidation between two converging lines after a sharp price decline—will resolve once ETH breaks below the lower trend line at approximately $2,060, according to Cointelegraph's report. This breakdown follows ETH's breach of an ascending trend line that had supported the price since early February. The pattern's measured move targets the $1,800 level if the breakdown confirms.

Critical Support Levels Signal Pivotal Moment

Crypto analyst Chain Mind posted on X that the current juncture is decisive, stating: "This is the crucial moment for ETH," and warning that failure to reclaim the broken support level would expose the asset to areas below $1,800. Separately, analyst Alex Marzell noted that a move below $2,050 would increase the probability of ETH reaching the $1,800 support zone.

Layer-2 Ecosystem Under Pressure

Ethereum's layer-2 networks have experienced steep TVL declines, with CryptoRank highlighting that Arbitrum has declined 63%, zkSync 64%, and Linea 98% from recent highs. CryptoRank stated in a Telegram note: "This reinforces the broader picture of capital fragmentation in Ethereum's rollup ecosystem and undermines the 'unified liquidity pool' effect that early L2 development models envisioned." The firm attributed the sharpest L2 corrections to "high liquidity sensitivity to incentive programs and short-term reward mechanics."

Industry Context

A large Ethereum whale opened a $100 million short position, according to Cointelegraph reporting, suggesting institutional participants are actively positioning for further downside. The Ethereum Foundation has faced additional scrutiny following recent high-profile departures, adding to bearish market sentiment.

Escenarios de ruptura confirmada

Una ruptura confirmada por debajo de $2,060 activaría el movimiento medido del banderín bajista hacia $1,800. El análisis de Cointelegraph indica que, si los niveles de soporte clave no se mantienen, es probable que la tendencia bajista de ETH se extienda hacia $1,750 en el corto plazo.