Ethereum
Ethereum Leads Market-Wide Drawdown As Altcoin Correlation Spikes – Details


Ethereum saw a powerful recovery this week, rebounding sharply from a $1,380 low and surging over 21% within hours. The rally was fueled by a temporary shift in macro sentiment following US President Donald Trump’s announcement of a 90-day pause on reciprocal tariffs for all countries except China, which remains under a 125% tariff. The news sparked a relief rally across financial markets, with Ethereum leading the bounce in the crypto sector.
Despite the strong move, ETH remains below key technical levels, and price action is showing signs of consolidation as bulls attempt to build momentum. The broader altcoin market continues to struggle, with sector-wide weakness weighing on investor confidence.
According to data from Glassnode, all major altcoin sectors have experienced sharp declines in recent months. The correction has been broad-based and highly correlated, offering little in terms of idiosyncratic performance. Even Bitcoin and Ethereum—typically seen as the most resilient assets in crypto—have posted negative returns over the same period.
As Ethereum enters a consolidation phase, traders are watching closely to see whether this bounce marks the beginning of a sustained recovery or just another short-lived reaction in a broader downtrend.
Ethereum Faces a Crucial Test Amid Macroeconomic Headwinds
Ethereum is once again at a pivotal point in the market, following weeks of intense selling pressure and uncertainty. After plunging to fresh lows, ETH bulls are finally stepping in, attempting to reclaim key levels after a strong bounce from the $1,380 mark. The move comes amid heightened volatility across global markets—not just in crypto, but in equities as well—as fears of a global recession and extended trade disputes between the U.S. and China continue to rattle investor sentiment.
Despite the bounce, Ethereum remains in fragile territory. The market is clearly divided: some investors see this rebound as the beginning of a recovery, while others caution it could be just a temporary pause in a deeper correction. The macroeconomic environment remains hostile, with U.S. tariffs still posing a major risk to both traditional and digital assets.
Glassnode data adds context to Ethereum’s struggle, showing that all altcoin sectors have moved sharply lower in recent months. There has been little differentiation between projects, with the drawdown being broad-based and highly correlated. Even Bitcoin and Ethereum—typically viewed as the strongest assets in crypto—have posted negative returns.

Ethereum has led this decline, losing over 60% of its value since late December. The sharp drop has triggered growing speculation about a potential bear market forming across the broader altcoin space. Whether this recent bounce will evolve into a sustainable rally or falter under macroeconomic pressure remains to be seen. For now, Ethereum faces a defining moment in its current cycle.
Bulls Struggles to Reclaim Key Levels But Defend $1,500
Ethereum is trading at $1,560 after failing to hold above the $1,600 mark and reclaim the critical $1,800 level. Despite the recent bounce from lower lows, ETH remains in a fragile position as market volatility rises and macroeconomic uncertainty continues to pressure risk assets.

Bulls are starting to build momentum, but the recovery is far from confirmed. Holding above $1,500 is now essential to prevent a continuation of the downtrend. This level has acted as a psychological support zone in previous market cycles, and losing it could trigger another wave of panic selling—especially as sentiment in the broader altcoin market remains subdued.
If bulls can defend the $1,500 level and consolidate above it, there’s a chance to reclaim higher levels in the short term, potentially challenging $1,600 again. However, a decisive break below $1,500 would likely lead to further downside, with price targets potentially extending into the $1,300–$1,200 range.
As volatility continues to drive erratic price action, ETH holders remain cautious. A confirmed push above $1,600 would help restore some confidence, but for now, Ethereum remains in a critical battle to hold its ground.
Featured image from Dall-E, chart from TradingView

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Ethereum
Ethereum Reclaims Key Support At $1,574, Here’s The Next Price Target

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Ethereum
Ethereum Stays Below Realized Price: Once-In-A-Cycle Opportunity?

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Ethereum surprised the market with a powerful bounce on Wednesday, surging more than 21% from its recent low of $1,380. The move came shortly after US President Donald Trump announced a 90-day pause on reciprocal tariffs for all countries except China, which now faces a 145% tariff. This development injected optimism into global markets, triggering a broad recovery across risk assets — with ETH among the top beneficiaries.
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Despite the relief rally, Ethereum still trades below critical technical levels, and the broader price structure suggests ongoing consolidation rather than a confirmed reversal. Analysts remain cautious, as the asset’s inability to reclaim the $1,800–$2,000 range keeps the long-term trend in question.
However, on-chain data from CryptoQuant adds an intriguing layer to the current outlook. Ethereum’s price is still trading below its realized price — the average price at which all ETH in circulation last moved. Historically, this scenario has represented a high-probability accumulation zone, often appearing once per cycle.
According to some analysts, this could present a rare buying opportunity for contrarian investors willing to look beyond short-term volatility and macro uncertainty. As Ethereum continues to consolidate, all eyes are on whether bulls can build on this momentum.
Ethereum Faces Critical Test Amid Volatility And Trade Tensions
Ethereum is at a pivotal point after enduring weeks of relentless selling pressure and extreme volatility. The broader market has been shaken by macroeconomic uncertainty and escalating global trade tensions, with US tariffs under Trump’s administration continuing to rattle investor confidence. The crypto market, particularly altcoins like Ethereum, has taken the brunt of this instability. ETH has lost over 60% of its value since late December, raising fears of a prolonged bear market.
However, a shift may be unfolding. Bulls are beginning to reappear, with Ethereum bouncing and setting a strong support above $1,400. This recovery follows aggressive price swings not only in crypto but also in global equities, which have seen significant rebounds following the announcement of a 90-day pause on reciprocal tariffs for all countries except China.
Still, Ethereum remains below crucial resistance levels, especially the $2,000 mark — a level that represents more than just a psychological barrier. According to top analyst Quinten Francois, ETH is currently trading under its realized price, which averages the cost basis of all coins in circulation.

Historically, such conditions have presented rare buying opportunities. Francois suggests this might be a once-in-a-cycle — or even once-in-a-lifetime — chance for long-term investors to accumulate ETH at undervalued levels. The coming days will determine whether bulls can reclaim key resistance and shift sentiment toward a sustained recovery.
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Price Action Details: Key Levels To Reclaim
Ethereum is currently trading at $1,650 after failing to break above the $1,700 level, a psychological and technical barrier that continues to cap bullish momentum. Despite a sharp rebound earlier in the week, ETH remains stuck in a consolidation range and is struggling to find direction amid broader market uncertainty.

For bulls to regain control and initiate a stronger recovery, Ethereum must push above the $1,850 mark — a level aligned with the 4-hour 200-day moving average (MA) and exponential moving average (EMA). These indicators have acted as short-term resistance since ETH fell below the $2,000 mark in February and reclaiming them is critical for confirming a shift in trend.
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However, if Ethereum fails to break above $1,750 in the coming days, downside risk increases significantly. A rejection at current levels could trigger another wave of selling, potentially sending the price below the $1,500 support zone. This would put further pressure on bulls and undermine recent gains.
With market sentiment still fragile and macroeconomic uncertainty weighing on investor confidence, Ethereum remains at a crucial juncture where a decisive move above resistance is needed to shift the outlook from bearish to neutral.
Featured image from Dall-E, chart from TradingView
Ethereum
Ethereum Inverse Head And Shoulders – The Pattern That Could Spark A Reversal


Beneath Ethereum’s recent price stagnation lies a potentially explosive setup taking shape. The emergence of a near-perfect inverse head and shoulders pattern suggests that ETH may be preparing to shake off its sluggishness. This stealthy accumulation pattern, now approaching its make-or-break moment, has historically preceded some of Ethereum’s most dramatic rallies.
Ethereum’s current chart structure reflects this classic pattern, where the price has formed a “left shoulder,” followed by a deeper “head” and a “right shoulder,” with the neckline acting as a critical resistance level.
Understanding Ethereum’s Inverse H&S Formation
A surge for Ethereum is becoming increasingly compelling, driven by the formation of an inverse head and shoulders (H&S) pattern. This reversal pattern suggests that Ethereum could be on the verge of a significant upward move after a period of consolidation. If the pattern completes successfully, the inverse H&S formation typically indicates an imminent bullish trend.
One key factor to watch is the neckline of the inverse H&S, which serves as a critical resistance level represented by a yellow line on the chart. For Ethereum to confirm this bullish reversal, it needs to break above the neckline. A successful breakout above this level would signal growing buying pressure, potentially triggering a surge toward higher price levels.

Moreover, supporting indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show improving momentum, further strengthening the case for a rally. The RSI, in particular, remains in a neutral zone, giving room for more upward movement without hitting overbought territory.
With these technical signals in place, ETH might be preparing for a major surge, especially if it can hold above critical support levels and push through the neckline of the inverse head and shoulders pattern.
Ether’s Bullish Reversal: Key Levels To Watch
Beyond the neckline, Ethereum faces additional resistance at several strategic levels. The first notable level is around $2,160. A break above this zone may push Ethereum to challenge the next resistance at $2,858, where selling pressure has historically been more intense.
If the price can push through these levels, ETH would be primed for a potential run toward $3,360, a critical area marked by previous price highs. Each of these resistance levels represents psychological barriers for traders.
As ETH approaches these zones, it will be essential to observe the volume and momentum accompanying the price action. A breakout above these resistance points, confirmed by increasing volume and positive technical indicators, hints at a prolonged rally, pushing Ethereum to even higher price targets.
Featured image from Pexels, chart from Tradingview.com

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.
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