Ethereum Price Plummets as Analyst Warns of 'ZERO Reason' to Be Bullish

Ethereum's price has been stuck in a range of $1,800 to $1,900 for several days after declining from its August peak above $4,900 in 2025.

An analyst named Northstar tweeted that there is 'ZERO reason to be bullish on Ethereum' in 2026, citing a multi-year technical breakdown.

The chart shows Ethereum's price action within a well-defined rising channel spanning over four years, which was broken for the first time recently.

This has significant implications technically, as a trendline that has held for four years represents 'big technical memory.' When it finally breaks, especially on a log-scale chart, it often signals a genuine structural shift rather than noise.