Ethereum could slide to $1,800 as a bearish chart pattern coincides with a decline in funds deposited on the Ethereum network, a report said. Cointelegraph reported on Monday that Ethereum's total value locked (TVL) fell to $116 billion, returning to levels seen in April 2025.

Ether has fallen 13 percent from a multi-month high above $2,400. Chain Mind said in a video posted on social media platform X that if the market fails to reclaim this zone, the price could fall below $1,800.

Alex Marzel (알렉스 마르젤) said that if ether drops below $2,050, the likelihood increases that it heads to $1,800, the next support zone. Another outlook said that if the key support level fails to hold, the price could fall further to $1,750 in the short term.

On-chain indicators also support the bearish trend. Ethereum TVL is down 55 percent from a peak of $258 billion recorded on Aug. 14, 2025. The decline in the layer 2 segment also stands out. EtherFi TVL fell 32 percent over the past 30 days.

CryptoRank said TVL has continued to fall across Ethereum layer 2, adding that Arbitrum is down 63 percent, zkSync is down 64 percent and Linea is down 98 percent.