Ethereum (ETH) has been stuck in a tight range, trading below $1,900 and above $1,750 after days of heavy selling pressure. The broader crypto market remains under stress, with fear dominating sentiment and keeping ETH from regaining momentum.

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The downturn is largely driven by macroeconomic uncertainty and escalating trade war fears, which have shaken both crypto and the U.S. stock markets. As investors brace for further volatility, some fear that the market is setting up for a deeper correction.

However, not all analysts are bearish. Some believe that a recovery could be on the horizon in the coming months, especially if technical indicators begin to show strength. Top analyst Daan shared insights on X, revealing that Ethereum has been consolidating since the major sell-off and has formed a falling wedge pattern—a bullish formation that could indicate a local trend reversal.

For now, ETH remains at risk of further declines, but if this pattern plays out, Ethereum could soon break out of its consolidation range and start building momentum for a recovery. The next few weeks will be crucial in determining whether ETH can stabilize or if more downside is ahead.

Ethereum Falling Wedge Could Signal a Reversal

Ethereum has lost over 57% of its value, creating a challenging environment for bulls as selling pressure continues. ETH is now trading below a multi-year support level, which has flipped into strong resistance. As long as Ethereum remains below the $1,900–$2,000 range, bulls will struggle to regain momentum, keeping bearish sentiment intact.

The entire crypto market has mirrored this weakness, experiencing a significant breakdown alongside the U.S. stock market. Global trade war fears and uncertainty surrounding U.S. President Trump’s policies have further fueled the sell-off in risk assets. Since the U.S. elections in November 2024, macroeconomic volatility and rising uncertainty have driven markets lower. With the U.S. stock market hitting its lowest levels since September 2024, investors remain on edge, questioning if Ethereum has further downside ahead.

Despite this bleak outlook, there is some optimism. Daan’s insights suggest that Ethereum has been consolidating since the major drop and has formed a falling wedge pattern. This bullish formation could lead to a local trend reversal if ETH breaks out and holds above resistance.

For this potential recovery to materialize, ETH must break above the white zone and reclaim $2,000. If this happens, bulls could start testing higher levels and build momentum for a broader market recovery. However, the ETH/BTC ratio remains near multi-year lows, showing only minor resilience in recent days. Sustained strength is needed before a real reversal can take place.

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With Ethereum still struggling, the next few weeks will be crucial in determining whether this falling wedge breakout can lead to a meaningful rally or if the downtrend will continue.

Bulls Struggle Around $1,900 

Ethereum is currently trading at $1,900, after days of struggling below the crucial $2,000 mark. Bulls have lost control, and ETH is now at its lowest levels since October 2023, reflecting the broader market uncertainty and ongoing bearish sentiment.

With macroeconomic volatility and trade war fears weighing heavily on risk assets, Ethereum continues to face selling pressure, making it difficult for bulls to build momentum for a recovery. The longer ETH stays below $2,000, the stronger the resistance at this level becomes, pushing buyers further out of the market.

For Ethereum to avoid deeper losses, bulls must reclaim the $2,000 mark as soon as possible and establish it as a new support level. A break and hold above this threshold could trigger a recovery rally, allowing ETH to test higher resistance zones. However, losing current levels would leave ETH vulnerable to another drop, potentially retesting support near $1,750 or lower.

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The next few days will be critical, as bulls need to step in and defend current demand to prevent further downside. If they fail to do so, Ethereum could extend its bearish trend into deeper territory.

Featured image from Dall-E, chart from TradingView

Crypto analyst The Cryptagon has raised the possibility of the Ethereum price mirroring Bitcoin’s 2018 to 2021 cycle, which he indicated was bullish ETH. This development comes amid record selling among ETH investors, which continues to exert downward pressure on the crypto. 

Ethereum Could Be Mirroring Bitcoin’s 2018-2021 Cycle 

In a TradingView post, the Cryptagon stated that Ethereum has been repeating Bitcoin’s 2018 to 2021 cycle very closely. He remarked that ETH’s long-term holders may remain bullish just by looking at this BTC cycle, seeing as ETH could achieve a similar end result like the flagship witnessed in that cycle. 

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The analyst admitted that Ethereum has been under heavy pressure since early December last year and almost touched the 12-month falling support this week. However, despite this development, the Cryptagon suggested that this is not the time to be bearish on ETH, as it could still reach new highs as it mirrors Bitcoin’s 2021 cycle. 

He noted that in the 2021 cycle, a rebound on the falling support caused a massive breakout above the falling resistance and the Bitcoin price rallied to the 1.618 Fibonacci extension. In line with this, the Cryptagon predicted that Ethereum could at least reach $8,000 in this market cycle as it repeats a similar price action. 

This bullish outlook for Ethereum comes amid record selling, which threatens any bullish reversal for ETH. In an X post, Cryptoquant founder Ki Young Ju revealed that Ethereum has faced record active selling over the past three months. 

This has contributed to ETH’s underperformance, with the altcoin being outperformed by other major altcoins like XRP and Solana over this period. While XRP touched its current all-time high (ATH) and SOL hit a new ATH, ETH has yet to come anywhere close to its current ATH. 

The Most Important Price Level For ETH At The Moment

In an X post, crypto analyst Ali Martinez, revealed that $1,887 is the most important support level for Ethereum at the moment. At this level, investors bought 1.63 million ETH. A drop below this level could lead to another massive crash for the second-largest crypto by market cap, with many of these investors possibly selling off their coins in order to cut their losses. 

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Martinez has already raised the possibility of Ethereum crashing to as low as $800. He noted that the $4,000 price level had been holding a strong horizontal resistance trendline. However, ETH recently broke out of this trendline, which has significantly increased the probability of a 70% price drop to this $800 target. 

At the time of writing, the Ethereum price is trading at around $1,893, up over 1% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Unsplash, chart from Tradingview.com

Ethereum (ETH) is facing significant selling pressure, trading below the $1,900 mark as market uncertainty continues to weigh on price action. After losing the critical $2,000 level, ETH plunged as low as $1,750, marking its lowest point since October 2023. Bulls are now under pressure, as they must defend the current demand zone to prevent further downside and restore investor confidence.

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Market conditions remain fragile, with Ethereum struggling to find strong buying interest. If bulls fail to hold current support levels, ETH could see further declines, adding to the bearish sentiment that has dominated the market in recent weeks.

On-chain data from CryptoQuant reveals that Ethereum’s Net Taker Volume remains at a low level, indicating that selling pressure is still strong. This suggests that market participants are leaning bearish, with more sell orders than buy orders dominating Ethereum’s price action.

With ETH trading in a vulnerable position, the next few days will be crucial. If bulls can stabilize the price and push ETH back above $1,900, a potential recovery could begin. However, if selling pressure persists, Ethereum may continue its downward trend, testing lower support levels in the coming weeks.

Ethereum Faces Heavy Selling Pressure

Ethereum has lost over 57% of its value, creating an extremely difficult environment for bulls as the market remains in a deep downtrend. Currently, ETH is trading below a multi-year support level, which has now turned into a strong resistance zone. As ETH struggles to break back above the $1,900–$2,000 range, the bearish trend continues, with bulls failing to regain momentum.

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The entire crypto market has suffered a breakdown, mirroring weakness in the U.S. stock market, as global trade war fears and growing uncertainty surrounding U.S. President Trump’s policies shake investor confidence. Since the U.S. elections in November 2024, macroeconomic volatility and uncertainty have been the dominant forces in driving markets lower. With no clear resolution in sight, investors remain cautious, as the U.S. stock market has now reached its lowest levels since September 2024.

Top analyst Quinten Francois shared data on X, revealing that Ethereum’s Net Taker Volume is at historic lows, signaling intense selling pressure. This indicates that sellers continue to dominate the market, preventing ETH from staging any meaningful recovery. Until buyers step in with strong demand, ETH may remain stuck in a bearish phase, with further downside risk if key support levels fail.

With Ethereum struggling below critical resistance and selling pressure increasing, the next few weeks will be pivotal in determining whether ETH can stabilize or if the market will see further losses. If bulls cannot reclaim lost ground, Ethereum could face even deeper corrections in the near term.

ETH Stuck In Range As Bulls Fight to Reclaim $2,000

Ethereum is currently trading at $1,880, remaining range-bound between $1,750 and $1,950 since last Monday. This tight trading range has kept ETH in a consolidation phase, with neither bulls nor bears gaining full control over price action.

For Ethereum to start a recovery rally, bulls must push the price back above $2,000 as soon as possible. A break and close above this psychological level would indicate renewed buying momentum, allowing ETH to potentially test higher resistance levels. However, Ethereum remains in a fragile position, as selling pressure continues to weigh on the market.

If ETH fails to hold its current levels and breaks below $1,750, it could result in a steady continuation of the downtrend, with further downside risks emerging. Bears would likely target lower support zones, extending the bearish phase and delaying any chance of a sustained recovery.

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With uncertainty still dominating the market, traders are closely watching whether Ethereum can break out of this range or if it will extend its decline, following the broader market’s risk-off sentiment. The next few trading sessions will be critical for ETH’s short-term direction.

Featured image from Dall-E, chart from TradingView