On Monday, the Ethereum price dropped by over 6% amid a global crash brought on by Bitcoin.
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- Ethereum’s price plunged over 6% in Monday’s bloodbath on the crypto-market.
- Multiple bearish patterns suggest that the potential for further downside in the coming weeks is greater.
- Ethereum ETFs are experiencing a five-week streak of outflows.
Crypto.news reports that Ethereum (ETHPrice fell by 6.3% on Monday morning during the early Asian hours, before stabilizing around $1,874 as of press time. Ethereum’s price plummeted amid a wider market crash, as new U.S. tariff threats The investor’s appetite for crypto-assets was affected by a lack of confidence in all trading partners, and a potential military conflict between the U.S.
Bitcoin is a notable example (BTCThe market bellwether, or the indicator of future prices has dropped below the $65,000 psychological support levelThis shock has spread to Ethereum and other important crypto assets. CoinGlass data shows that nearly $108,000,000 worth of long ETH positions have been liquidated over the past 24 hour.
Ethereum’s price today has been accompanied by a large bearish candle on the daily graph. This largest altcoin has fallen by approximately 45% since its high in January and about 62% since its high in August 2025.
ETH has shown a pennant-style pattern with a triangle at the bottom and a pole that looks like a flag. Such patterns have historically led to massive risks on the downside.
A zoomed-out chart shows the formation, in addition to the parallel channels, of an descending channel that spans multiple months, another technical pattern bearish.
According to these technical indicators Ethereum may drop as low as $1,450, if the pattern of the channel descends to its lower limit. It would be a loss of $1,500, an important psychological level.
Breaking the psychological $1500 floor could signal a major structural collapse, which would likely lead to a cascade in stop losses. The current volatility could lead to a sudden capitulation in future sessions due to the lack of liquidity at lower levels.
Investors in ETH have become bearish
It is possible that the recent lack of demand for Ethereum’s exchange-traded derivatives could be a factor in the bearish predictions. SoSoValue’s data indicates that for the fifth straight week the nine-spot Ethereum Exchange-Traded Funds recorded consecutive outflows totaling around $1.38 billion.
The weighted fund rate (which measures the costs of shorting positions) has also fallen into red territory. This suggests that Ethereum bears have been betting more on a further decline in price while still paying premiums to holders.
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Source: crypto.news
