Ethereum is trading around the $1,600 level after several days of failed attempts to reclaim higher prices. Bulls are showing signs of life, but their momentum remains weak as bearish pressure continues to dominate the market. Despite a brief recovery bounce last week, Ethereum’s broader structure still reflects a clear downtrend.

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The crypto market remains under the shadow of macroeconomic uncertainty, as ongoing tensions between the United States and China weigh heavily on global financial sentiment. No resolution or agreement between the two economic giants has been announced, leaving investors cautious and risk-averse.

Adding to the negative sentiment, CryptoQuant data shows that Ethereum whales have offloaded approximately 143,000 ETH over the past week. This large-scale distribution reinforces fears of further downside, with long-term holders and large wallets choosing to reduce exposure rather than accumulate.

While some analysts still see potential for a turnaround if key levels are reclaimed, the current market environment remains fragile. Unless Ethereum can regain and hold above short-term resistance levels, the threat of another leg down remains very real. Traders are now closely watching price action for signs of a shift — but for now, caution continues to lead the way.

Ethereum Faces Selling Pressure As Whales Exit

Ethereum is facing a critical test as price action continues to lack clarity, and support levels remain fragile. Despite brief attempts to rebound, ETH has failed to establish a clear bottom, and the downtrend structure remains intact. The market is struggling to define a strong demand zone, making it difficult for bulls to sustain upward momentum. As selling pressure mounts, analysts are warning that Ethereum may continue to slide toward lower demand levels in the absence of strong buying interest.

Broader macroeconomic conditions continue to weigh heavily on risk assets like Ethereum. Global trade tensions, particularly the unresolved tariff standoff between the United States and China, have created uncertainty across financial markets. Combined with fears of a slowing global economy and lack of coordinated fiscal support, crypto markets remain under pressure.

Adding to the bearish sentiment, top analyst Ali Martinez shared on-chain data revealing that whales have offloaded approximately 143,000 ETH over the past week. This large-scale distribution by influential holders has significantly weakened Ethereum’s outlook, reinforcing concerns that smart money is preparing for deeper downside.

Since late December, ETH has remained in a prolonged bearish trend, with every attempt at recovery being met by renewed selling. Unless bulls reclaim key technical levels and shift market sentiment, Ethereum may continue to slide further.

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ETH Price Stuck In Volatile Range

Ethereum is currently trading at $1,600 after enduring days of massive volatility and macroeconomic-driven uncertainty. Despite brief relief bounces, ETH remains locked in a bearish structure, unable to generate sustained momentum. For bulls to regain control, reclaiming the $1,850 resistance level is critical. This level aligns with the 4-hour 200 MA and EMA around $1,800, making it a key zone to watch for confirmation of a short-term trend reversal.

Holding above these moving averages would signal renewed strength and possibly mark the beginning of a recovery rally. However, price action continues to struggle beneath them, and failure to push above these indicators would confirm persistent weakness. In that case, Ethereum may retest the $1,500 level or even dip below it if selling pressure intensifies.

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The current environment is shaped by global tensions and macro uncertainty, with no clear catalysts to drive a breakout in either direction. As long as ETH remains below its key moving averages, the risk of another leg down remains elevated. Bulls must act swiftly to flip sentiment and avoid a deeper correction toward long-term demand levels.

Featured image from Dall-E, chart from TradingView 

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Ethereum is trading above the $1,500 mark after a week of heightened volatility and continued global trade uncertainty. Macroeconomic tensions — driven by tariffs, shifting policies, and weakened investor sentiment — continue to weigh heavily on crypto markets. Despite the recent bounce, Ethereum’s price action still hints at a broader downtrend, with bulls struggling to reclaim key resistance levels that could trigger a meaningful recovery.

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However, there are signs of potential strength ahead. If bulls manage to push ETH above immediate resistance zones, a bullish momentum shift could emerge. Market watchers are closely monitoring cost basis levels to identify where strong demand may resurface.

According to data from Glassnode, Ethereum’s Cost Basis Distribution reveals three key price clusters likely to shape short-term action. Among them, the $1,546 level stands out as the most significant, with 822,440 ETH previously accumulated in this range. A successful hold or breakout above this zone could provide a solid foundation for a larger recovery.

For now, Ethereum’s outlook remains cautiously neutral, with bulls needing to reclaim higher levels to shift sentiment and challenge the broader downtrend.

Ethereum Key Cost Basis Levels Could Define Price Action

Ethereum has lost over 50% of its value since early February, setting the stage for a challenging but potentially pivotal recovery phase. After months of heavy selling pressure, ETH is now trading just above the $1,500 mark, a zone that could serve as a springboard if bullish momentum builds. While the broader market has shown signs of recovery, Ethereum’s underwhelming price action continues to test investor patience. Still, analysts believe a recovery rally is possible, especially if macroeconomic sentiment improves.

Persistent global trade tensions, ongoing tariff battles, and US foreign policy shifts continue to inject volatility into financial markets. These factors have suppressed demand for risk assets like Ethereum, but some believe that the worst may be behind.

Glassnode’s on-chain data offers a more detailed look at Ethereum’s short-term outlook. According to their Cost Basis Distribution analysis, three price clusters are likely to shape ETH’s near-term price action. Around $1,457, roughly 408,000 ETH were previously accumulated. At $1,546, over 822,000 ETH sit, making it one of the most critical levels. Finally, approximately 725,000 ETH were acquired around $1,598.

These clusters reflect areas of high on-chain activity and are expected to act as support or resistance zones during the current phase of price consolidation. A breakout above the $1,600 level could trigger a more significant move toward $1,800 and beyond. For now, Ethereum’s price remains range-bound, but market participants are watching these levels closely for signs of a decisive shift.

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ETH Faces Crucial Resistance As Bulls Fight to Regain Momentum

Ethereum is currently trading at $1,580 after failing to break above the $1,700 resistance level, signaling that bullish momentum remains weak. Despite a brief recovery from recent lows, ETH has struggled to reclaim higher ground, and key resistance levels continue to weigh on price action.

For bulls to confirm the start of a true recovery phase, Ethereum must push above the 4-hour 200 MA and EMA, both hovering around $1,820. A decisive move above these indicators would indicate renewed market confidence and open the door for a push toward critical demand levels around $2,000.

However, the risk of further downside remains. If Ethereum loses the $1,500 support level, selling pressure could accelerate, potentially driving the price below the $1,400 mark. This zone served as a key level in early 2023 and could be retested if bearish momentum builds.

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With macroeconomic uncertainty and trade tensions still dominating the narrative, investors remain cautious. The next few trading sessions will be critical for ETH, as it hovers between potential recovery and the threat of renewed decline. Traders should watch for volume spikes and reaction around the $1,700 and $1,500 zones to assess the next move.

Featured image from Dall-E, chart from TradingView