NEWSLETTER
ethereum (eth) has officially lost the $ 2,000 mark, contributing below this key level for the first time since 2023 and reaching its lowest point since October 2023. The price collapsed as low as $ 1,750, marking a dramatic fall from its maximum of December 2024 of $ 4,100. This amazing 57% decrease has created a difficult environment for bulls, since ethereum struggles to find stability amid the growing sales pressure.
The broader recession of the cryptographic market, driven by macroeconomic uncertainty and the feeling of risk, has left eth in a vulnerable position, and merchants are not sure if a background has been formed or if it is coming below. The strong decrease in the value of ethereum has intensified the bearish feeling, which makes it one of the alternative alternatives of worse performance in recent months.
According to Glassnode data, ethereum is testing key levels below $ 2,000 and above $ 1,800 according to MVRV price bands. Historically, this range has acted as an important support zone, and its ability to maintain will be critical to determine ethereum's short -term price direction. If eth is not stabilized, the market could be in another wave of sale, potentially pushing the even lower prices.
ethereum proves critical support as market struggles
The entire cryptographic market has suffered an important breakdown, which reflects the decrease in the United States stock markets as the fears of the commercial war and the uncertainty surrounding the policies of the president of the United States, greatly weigh the feeling of investors. Macroeconomic instability and volatility have been the main drivers of the market since the US elections in November 2024, and current conditions suggest that this trend is far from ending.
The increase in the concerns of the global commercial war and the erratic decision making by the US administration have further promoted fear and uncertainty, sending the United States stock market to its lower levels since September 2024. This risk environment has resulted in greater sale pressure in the encryption market, with ethereum (eth) that fights to have critical support levels.
The best Ali Martínez analyst <a target="_blank" href="https://x.com/ali_charts/status/1899372219320631401″ target=”_blank” rel=”noopener nofollow”>Shared ideas about xhighlighting that ethereum is now testing key levels based on MVRV price bands. According to data in the chain, the eth price is currently at $ 2,060, a level that has acted as crucial support in previous cycles. If ethereum is not maintained above this brand, the following objective of the main disadvantage is around $ 1,440, which would represent a substantial fall of the current levels.
With the still fragile market conditions, the next commercial sessions will be crucial to determine ethereum's short -term trajectory. If eth can be kept above $ 2,060, you can have the opportunity to stabilize and try to recover. However, if the sale pressure intensifies, the market could see the ethereum test significantly lower prices, which adds to the growing uncertainty among investors.
eth fights under $ 2,000
ethereum is currently quoted at $ 1,900, after days of heavy sales pressure that have led to significant losses. eth has not been able to maintain key levels, with the price that falls as low as $ 1,750 only a few hours ago, marking one of its lowest points in months. With the market under continuous bearish control, bulls are now running to recover the $ 2,000 mark in an effort to stabilize the price action and change the impulse towards a potential recovery phase.
For ethereum to recover force, it must be maintained above the current levels and exceed $ 2,000 quickly. A break above this key resistance zone would indicate a renewed purchase interest, reducing sales pressure and allowing eth to try a more sustained recovery. However, if eth cannot claim $ 2,000, the market is likely to see a continuation of the bearish trend, with more expected decreases.
With ethereum in a fragile position, the next few days will be crucial to determine if the bulls can intervene to reverse the trend or if eth will slide into a deeper correction territory. Merchants are closely observing price movements, since ethereum is still at risk of an additional disadvantage if the key levels are not recovered.
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