Ether is under heavy selling pressure this week, with the token targeting a 14% decline to $1,800. The slide comes as Ethereum's total value locked (TVL) hits a 13-month low — a signal that capital is fleeing the network's DeFi ecosystem. ETH is now trading in a classic bearish pattern, and traders are watching closely to see if the $1,800 level will hold.
The bearish pattern
Ether's price action has formed a textbook downtrend, threatening to break below immediate support. At current levels, a slide to $1,800 would represent a 14% drop from recent trading. The pattern has been building for weeks, and this week's slide looks like an acceleration of that move. The timing isn't great: TVL data suggests the broader Ethereum ecosystem is struggling to retain capital.
TVL hits 13-month low
Ethereum's TVL — the total value of assets locked in its smart contracts — has fallen to levels not seen since early 2025. That's a 13-month low. The drop reflects declining investor appetite for DeFi yields and a broader risk-off mood across crypto. Less capital locked means less activity on Ethereum's mainnet, which can weigh further on ether's price. It's a worrying signal for a network that relies on DeFi usage to drive demand for ETH.
The $1,800 level is now the key line in the sand. If ether holds there, the bearish narrative could ease. But if it breaks, the next floor is unclear — and the TVL data doesn't offer much consolation. The next few trading sessions will determine whether this is a temporary dip or the start of a deeper correction. For now, the pattern is clear, and the numbers aren't pretty.
