Crypto analyst Trend Diva has provided an in-depth analysis of the current Ethereum price action. She revealed that ETH is still moving inside an ascending triangle but warned that it could suffer further downside pressure if it fails to stay above a crucial support level. 

Ethereum Price Still Inside An Ascending Triangle Despite Recent Crash

In a TradingView post, Trend Diva revealed that the Ethereum price is moving inside a clear ascending triangle. The upper boundary acts as long-term resistance, and the lower boundary provides dynamic support. This analysis comes amid ETH’s recent decline below $2,000. 

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The analyst noted that after a steady climb, the Ethereum price started showing weakness, confirmed by a head and shoulders pattern, which she claimed is a common sign that the trend might reverse. This weakness led to a strong drop for ETH, bringing its price down to the key support zone around $2,000. 

Trend Diva stated that this support area is important for the Ethereum price because it meets with a major trendline, making it a likely spot where buyers could step in. She added that the volume profile also shows a lot of activity in this zone, meaning traders have been interested in these levels before.

 The analyst further remarked that if the Ethereum price holds above this $2,000 support, it could bounce towards the $2,800 level, which represents a previous resistance. However, she revealed that a breakdown below the trendline shifts the bias bearish towards $1,414. 

For now, as long as ETH stays above $2,000, a rebound to $2,800 is still on the horizon. 

It is worth mentioning that the Ethereum price briefly lost the $2,000 support level following a crypto market crash on Sunday. As such, there is also the possibility that it could drop to as low as $1,414 as Trend Diva warned. 

A Drop To As Low As $1,250 Is Also On The Cards

In an X post, crypto analyst Ali Martinez said the Ethereum price seems to be breaking out of a parallel channel. He added that ETH could drop to as low as $1,250 if momentum sustains. ETH whales look to be doing everything possible to defend the $2,000 support zone and prevent Ethereum from dropping to these new lows. 

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Martinez revealed that the largest whales on the network have bought 330,000 ETH in the last 48 hours. This massive whale accumulation could help prevent further downside pressure and possibly spark a bullish reversal for the Ethereum price. 

At the time of writing, the Ethereum price is trading at around $2,065, down over 5% in the last 24 hours, according to data from CoinMarketCap.

Featured image from iStock, chart from Tradingview.com

Ethereum has suffered a massive decline, losing over 50% of its value since late December, fueling fear and panic selling across the market. The downturn has led many analysts to question the possibility of an altseason this year, as Ethereum and most altcoins struggle to reclaim key bullish levels. With ETH failing to break above critical resistance zones, investors remain uncertain about its short-term direction, and market sentiment continues to lean bearish.

Despite the pessimism, there are signs of potential recovery. On-chain data from IntoTheBlock shows that $1.8 billion worth of ETH left exchanges last week, marking the largest weekly outflow since December 2022. Large outflows from exchanges typically indicate that investors are moving ETH into private wallets, suggesting long-term accumulation rather than immediate selling. This trend could imply that whales and institutional players are viewing current prices as an opportunity, despite the broader market uncertainty.

If Ethereum can hold key support levels and stabilize, it may be positioned for a strong rebound in the coming weeks. However, for ETH to confirm a true recovery, bulls must reclaim critical resistance zones and sustain buying momentum. Until then, traders remain cautious, watching whether Ethereum will stage a comeback or if further downside is ahead.

The next few weeks will be crucial, as ETH’s ability to hold above key demand zones could determine whether a trend reversal is possible or if continued selling pressure will push prices lower.

Ethereum Bulls Must Hold $2K Support

Ethereum is currently trading above the $2,000 mark, but bulls are finding it difficult to reclaim higher levels amid persistent selling pressure. The market remains in a fragile state, with investors closely watching whether ETH can establish a recovery or continue its downward trajectory.

For a meaningful recovery, ETH must reclaim the $2,350 level, which would set the foundation for a potential rebound. However, the main resistance zone for bulls remains at $2,500—a critical level that has historically acted as a strong barrier. A break and hold above $2,500 would likely spark a recovery rally, shifting momentum back in favor of buyers.

On the flip side, failing to hold $2,000 could extend Ethereum’s downtrend, increasing the likelihood of further declines. Losing this key level would put ETH at risk of testing lower demand zones, potentially leading to more aggressive selling pressure.

Featured image from Dall-E, chart from TradingView

• BBVA customers in Spain will soon be able to trade Bitcoin (BTC) and Ethereum (ETH).
• The bank will roll out the crypto trading services in phases.
• First, the bank will allow a select group of customers to test the services before expanding it to retail customers.

Spain’s Banco Bilbao Vizcaya Argentaria (BBVA), the country’s second-largest bank, has received regulatory approval from the Comisión Nacional del Mercado de Valores (CNMV) to offer Bitcoin (BTC) and Ethereum (ETH) trading services.

Following the approval by the securities regulator, BBVA announced that its clients will soon be able to buy, sell, and manage BTC and ETH directly through its mobile banking app, a move that underscores the growing convergence of legacy banking and digital assets.

This development positions BBVA as a trailblazer among European banks, capitalizing on the increasing demand for crypto-related services. With Bitcoin (BTC) trading at approximately $82,808 and Ethereum (ETH) at $2,118, the bank aims to tap into a market that has seen explosive growth and institutional interest.

Notably, BBVA’s decision reflects a broader trend of traditional financial institutions adapting to the evolving preferences of tech-savvy customers, many of whom view cryptocurrencies as both an investment opportunity and a hedge against economic uncertainty.

A phased rollout approach

BBVA will roll out its crypto trading in phases. Initially, the service will be available to a select group of users, allowing the bank to test and refine its platform before a wider rollout.

Afterwards, the lender will gradually expand access to all private banking customers across Spain.

This cautious yet deliberate strategy highlights BBVA’s commitment to ensuring a seamless and secure experience for its clients, leveraging its own cryptographic key custody platform to maintain full control over digital asset holdings without relying on third-party providers.

The bank’s proprietary custody solution is a key differentiator. By keeping customer assets in-house, BBVA aims to enhance security and trust—crucial factors in a sector often plagued by concerns over hacks and mismanagement. This move also aligns with the bank’s long-standing emphasis on technological innovation, positioning it as a leader in the digital transformation of finance.

Building on the rising crypto adoption trends

BBVA’s crypto journey is not a sudden leap but a calculated expansion of efforts that began years ago. In June 2021, the bank launched Bitcoin custody and trading services for private banking clients in Switzerland, where regulatory clarity provided an early foothold.

Since then, BBVA’s Swiss branch has broadened its offerings to include ETH and the USDC stablecoin after partnering with Ripple’s Metaco, catering to a sophisticated clientele comfortable with digital assets.

More recently, in January 2025, BBVA’s Turkish subsidiary, Garanti BBVA Kripto, introduced crypto trading services to the public, further solidifying the bank’s global footprint in this space.

The approval in Spain builds on these successes, adapting lessons learned from Switzerland and Turkey to meet the unique needs of the Spanish market.

With each step, BBVA is demonstrating a strategic vision to integrate cryptocurrencies into its core offerings, aligning with shifting regulatory and consumer landscapes.

Notably, the timing of BBVA’s Spanish rollout coincides with the full implementation of the European Union’s Markets in Crypto-Assets Regulation (MiCA), which took effect at the end of 2024. MiCA establishes a harmonized framework for crypto services across the EU, providing banks and firms with the legal clarity needed to operate confidently.

Under this regulation, companies have until July 2026 to achieve full compliance during an 18-month transitional phase, giving BBVA ample time to refine its operations.