EtherETH() is down 30% in the last seven days. It has dropped from $2800 to $1900. This drop coincided with a dramatic decline in the futures market, which dropped by 90%. Ether’s open interest The decline in the value of goods and services has been more than 15 billion dollars over this period.
Analysts now focus on long-term zones of technical indicators and onchain that could signal a significant turning point in the ETH price.
The key takeaways
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Ether is down 30% in just seven days. It has fallen below the psychological $2,000 level.
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After yesterday’s ETH crash, the $1,000-$1,400 price range is now in sharp focus.
ETH is dropping with the cryptomarket
You can also find out more about the following: ETH/USD pair dropped below $2,000 For the first time in May 2025 it reached a low of $1.740, a period lasting nine months. Ether, which has recovered since to $1,900, has seen the biggest weekly loss of 30% of all the major cryptocurrencies.
Related: Trend Research dumps over 400K ETH as liquidation risk rises
BitcoinBTCAt the time of this writing (the market leader), was trading at $66.340, down 21 % over the previous seven days. Fifth-placed (XRP)XRPIn the last seven days, ) fell by more than 21 % to just over $1.37. Solana (SOLIn the Top 10 Cryptocurrencies, ), has seen a significant drop of 29% in that time frame.
In the end, global crypto markets have lost 20% of their value over the past week and are now valued at $2.23 billion on Friday.
Ether’s decline this week has been accompanied by long liquidations of $400 million in the past 24 hours. This indicates intense trading by traders.
Sellers were also US-based spot Ether ETFsThe net inflows of the two previous weeks totaled $1.1 billion.
The sale of ETH by other large holders, such as Trend Research and Trend Analysis, has also increased. Ethereum co-founder Vitalik ButerinThis indicates that unrelenting pressure on overhead could drive ETH prices lower.
What is the lowest price that ETH can go?
Ether has been losing two important support levels in the past two weeks, including its 200-week moving average (SMA), as well as the psychological levels of $3,000 and $1,000.
In March 2025, ETH’s price dropped by 45% after it fell below the SMA of 200 weeks.
If the past is any indication, the pair ETH/USD will continue to decline towards $1400.
This level is aligned with the bearish goal of an inverse-V pattern, which targets $1385. That’s a drop of 28% from the current value.
You can also read about the advantages of using Cointelegraph reportedThe target for a cup-and handle pattern is $1,665, whereas MVRV banding points to $1,725.
Lookonchain, an analytics platform for Onchain, identified three liquidation zones at $1,500 and $1,300, respectively, that could be used as a magnet to drive Ether prices before they reach a bottom.
Glassnode UTXO’s realized price distribution (URPD), which shows the average prices that SOL holders purchased their coins. reveals There is not much volume under $1,900. It is possible that buyers will not buy before prices drop to those levels.
Around 1.5 million ETH was previously purchased at the $1200 level.
The article is not intended to provide investment advice. Each investment or trading decision involves risk. Readers should do their own research before making any decisions. Cointelegraph, while striving to give accurate information and in a timely manner, does not guarantee accuracy, completeness or reliability. The article could contain statements which are forward-looking and subject to risk. Cointelegraph is not responsible for loss or damages resulting from the reliance of this information.
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Source: cointelegraph.com
