Ethereum continues to disappoint investors as its decline deepens, sparking growing fears of further selling pressure across the market. The second-largest cryptocurrency by market cap has failed to hold key support levels, and analysts are increasingly warning of a potential drop below multi-year lows near $1,750. With no clear consensus on where the next reliable support might lie, sentiment remains shaky and uncertain.

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The broader crypto landscape has faced heavy volatility, but Ethereum’s underperformance stands out. According to IntoTheBlock, ETH significantly lagged behind Bitcoin in the past quarter. This disparity has raised concerns about Ethereum’s short-term strength and resilience, especially as it continues to struggle below the $1,900 level.

As macroeconomic instability, regulatory uncertainty, and risk-off sentiment continue to pressure financial markets, Ethereum’s path forward looks increasingly fragile. Without a strong rebound or renewed demand, the current trend suggests a prolonged period of weakness. Until bulls regain control and key resistance levels are reclaimed, the outlook for ETH remains cautious, with investors watching closely for any signs of a potential bottom — or further breakdown.

Ethereum Holds Ground As Tariff Shock, Underperformance Fuel Market Anxiety

Ethereum is trading at critical levels following weeks of mounting selling pressure and fading bullish momentum. The broader crypto market has been hit hard by escalating macroeconomic uncertainty, largely driven by US President Donald Trump’s recent policy shifts and sweeping tariffs. These moves have rattled investor confidence, sending shockwaves through both traditional and digital markets.

Among major assets, Ethereum has been one of the most affected. Bulls lost control in late February when ETH broke below the $2,500 level, triggering a steady downtrend that has continued to weigh on price action. Attempts to regain support have consistently failed, and ETH now trades near multi-month lows with no clear bottom in sight.

According to data from IntoTheBlock, Ethereum underperformed significantly this past quarter — losing nearly 50% of its value- while Bitcoin dropped just 15% in the same period. This widening performance gap has become a point of concern for investors who once expected ETH to lead a 2025 rally fueled by Ethereum-based developments and broader adoption.

Now, all eyes are on the coming weeks. If bulls can reclaim key levels and reignite momentum, Ethereum may still have a shot at recovery. But if a bearish sentiment continues to dominate, a deeper correction — potentially below the $1,750 mark — could be next. The pressure is on, and Ethereum’s next move could set the tone for the rest of the altcoin market.

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Price Action Details: Key Levels To Watch

Ethereum is currently trading below the $1,800 mark, showing continued weakness as bulls struggle to regain momentum. The price remains firmly below the 4-hour 200 MA and EMA, both of which are clustered around the $2,000 level — a critical technical zone that previously acted as strong support. Now turned resistance, this area must be reclaimed for any hope of a sustained recovery.

To shift the trend, bulls need to push ETH above $2,000 and ideally reclaim the $2,200 level, which would mark a break from the recent downtrend and signal the start of a potential recovery phase. Without that move, however, price action continues to favor sellers.

The $1,800 level is now the last line of defense. Failing to hold and reclaim it quickly could open the door to a much steeper decline. If bears continue to pressure price below this zone, Ethereum may revisit levels not seen since early 2023 — with $1,750 and even $1,550 as potential downside targets.

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Momentum remains against ETH, and unless bulls step in decisively, the trend looks set to continue lower. The next few days will be critical in determining whether Ethereum stabilizes or breaks further down.

Featured image from Dall-E, chart from TradingView 

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Ethereum is trading below the $1,900 level after weeks of persistent selling pressure, and signs suggest that the downside momentum could continue. Bulls lost control back in late February when ETH failed to hold the $2,500 mark — a key level that many viewed as critical for sustaining a bullish outlook. Since then, Ethereum has continued to underperform, disappointing investors who had anticipated a strong 2025 rally fueled by growing institutional interest and market optimism.

Instead, macroeconomic uncertainty, global tensions, and weakening market sentiment have weighed heavily on high-risk assets like Ethereum. Price action has remained underwhelming, with failed attempts to reclaim key resistance levels adding to bearish sentiment.

Adding to these concerns, crypto analyst Ali Martinez shared insights showing a significant decline in on-chain activity. Since late February, the number of large Ethereum transactions — typically involving whales and institutional players — has dropped significantly. This decline suggests that major market participants may be stepping back, reducing their exposure as uncertainty lingers.

Ethereum Under Pressure As Macroeconomic Fears Grow

Ethereum continues to struggle under mounting pressure as macroeconomic uncertainty and global instability ripple through financial markets. Among the most affected are high-risk, volatile assets like Ethereum, which have seen significant outflows in recent weeks. The broader market sentiment remains fragile, largely driven by US President Donald Trump’s unpredictable policy decisions and tariff threats. His administration’s economic stance has injected fresh uncertainty into global markets, pushing investors toward safer assets and away from speculative plays like ETH.

Bulls are finding it increasingly difficult to defend key support levels. After failing to hold above $2,500 in late February, Ethereum has slipped steadily lower, now trading below $1,900 — a level that once served as a critical psychological threshold. With little sign of renewed buying pressure, the risk of a continued selloff looms large.

Ali Martinez shared alarming on-chain data showing that since February 25, the number of large Ethereum transactions has dropped by 63.8%. This decline in whale activity signals that major holders may be exiting or sitting on the sidelines, reducing overall market confidence and liquidity.

As long as macroeconomic pressures persist and whales remain inactive, Ethereum is likely to remain vulnerable. Bulls must step in to stabilize price action, or risk watching ETH fall further into lower support zones. For now, the outlook remains cautious, with continued weakness likely unless sentiment shifts or broader economic clarity emerges.

ETH Trades Below $1,900 As Bulls Defend Key Support

Ethereum is currently trading around $1,880, attempting to hold above a critical support zone near $1,750 — widely seen as the last line of defense for bulls. After weeks of sustained selling pressure, ETH remains in a vulnerable position, struggling to recover lost ground. The price is now well below the weekly 200-day moving average (MA) and exponential moving average (EMA), both sitting near the $2,500 level, which highlights the broader weakness in Ethereum’s market structure.

As long as ETH remains below these long-term trend indicators, the overall outlook stays bearish. Bulls must step in with conviction to prevent a deeper breakdown and shift momentum back in their favor. The most immediate priority is maintaining support above $1,800, which serves as a psychological and technical level of strength.

To confirm a recovery, Ethereum must also push back above the $2,000 mark in the near term. A break above this level would help restore investor confidence and could open the door for a move toward reclaiming the 200-week averages. Until then, Ethereum remains in a precarious position, and failure to defend current levels could trigger a deeper correction in the sessions ahead.

Featured image from Dall-E, chart from TradingView 

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The cryptocurrency market was fairly stable despite the global macroeconomic headwind that rocked the traditional markets during the past week. The Ethereum price didn’t enjoy the same relief as other large-cap assets, beginning the month of April almost as it ended the first quarter of 2025.

The second-largest cryptocurrency is on the verge of losing the $1,800 level, having declined in value by almost 5% in the past week. However, the latest on-chain data suggests that the Ethereum price might be close to a bottom and might be readying for a rebound in the coming weeks.

Rising Metric Says Ethereum Price Might Be Ready For A Comeback

In a recent post on the X platform, on-chain analyst Maartunn shared a fresh insight into the activity of Ethereum investors on centralized exchanges. According to the crypto pundit, this latest on-chain shift suggests that a new bottom could be brewing for the Ethereum price.

The relevant indicator here is the Net Taker Volume metric, which tracks the difference between taker buy volume and taker sell volume in a particular asset market (Ethereum, in this case). This on-chain indicator can be used to gauge the strength of the selling or buying pressure in the market.

When the Net Taker Volume is positive, it indicates that aggressive buying activity (taker buys) is overwhelming selling activity (taker sells), suggesting a growing bullish sentiment. A negative metric implies that the taker sell volume is higher than the taker buy volume, which is typically a bearish signal.

Maartunn noted in his post that aggressive selling activity has been outweighing the buying activity in the Ethereum market for over a year. However, the on-chain analyst highlighted that the taker sell volume appears to be waning and losing some steam in the past few weeks.

Source: @JA_Maartun on X

As shown in the chart above, the Net Taker Volume is forming higher lows, even as the Ethereum price is making new lower lows. This classic bullish divergence suggests that the altcoin could be preparing to bottom out and experience a bullish reversal.

As of this writing, the ETH token is valued at around $1,806, reflecting a roughly 1% price jump in the past 24 hours.

ETH Whales Trimming Their Holdings

Interestingly, a conflicting piece of on-chain data has also emerged, showing that an important class of investors known as whales has been offloading their assets. This investor cohort is influential on the market dynamics due to their significant holdings and, as such, is typically monitored by other investors.

Source: @ali_charts on X

In a April 4 post on X, crypto analyst Ali Martinez revealed that whales (holding between 10,000 and 100,000 coins) have sold over 500,000 ETH tokens in the past 48 hours. Considering the size of this sell-off and the influence of the investors, this activity could be a bearish roadblock for a possible Ethereum price recovery.

The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView

Featured image from iStock, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.