Ether (ETH) has fallen by 30% over the previous seven days, sliding to $1,900 from $2,800. The drop was accompanied by a pointy decline in futures exercise, with Ether’s open curiosity falling by greater than $15 billion over the identical interval.
Analysts are actually specializing in the long-term technical zones and onchain indicators that will sign a significant turning level for ETH value.
Key takeaways:
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Ether has dropped 30% in seven days, slipping beneath the $2,000 psychological stage.
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Yesterday’s ETH value crash now brings $1,000-$1,400 into focus.
ETH drops with the crypto market
The ETH/USD pair dropped beneath $2,000 for the primary time since Might 2025, reaching a 9-month low of $1,740 on Friday. Whereas Ether has since recovered to $1,900 on the time of writing, it has recorded the biggest weekly drawdown of 30% among the many top-cap cryptocurrencies.
Associated: Pattern Analysis dumps over 400K ETH as liquidation threat rises
Bitcoin (BTC), the market chief, is buying and selling at $66,340, down 21% over the past seven days. Fifth-placed XRP (XRP) has misplaced greater than 21% over the past week to commerce simply above $1.37. Solana (SOL) has additionally posted vital losses among the many high 10 cryptocurrencies, down 29% over the identical interval.
In consequence, the worldwide crypto market capitalization is down 20% over the week towards $2.23 trillion on Friday.
Ether’s hunch this week is accompanied by vital lengthy liquidations totaling $400 million over the past 24 hours, signaling intense promoting by merchants.
The sellers had been additionally US-based spot Ethereum ETFs, which have recorded $1.1 billion in internet outflows previously two weeks.
Coupled with elevated promoting from different main ETH holders corresponding to Pattern Analysis, and Ethereum co-founder Vitalik Buterin, this factors to unrelenting overhead strain that might push ETH value decrease.
How low can ETH value go?
Ether’s bearishness over the past two weeks has seen it lose two key assist ranges, together with the 200-week easy transferring common (SMA) and the psychological ranges at $3,000 and $2,000.
The final time ETH decisively dropped beneath the 200-week SMA was in March 2025, which was adopted by a forty five% drop in value.
If historical past repeats, the ETH/USD pair will lengthen the downtrend towards $1,400.
This stage aligns with the bearish goal of an inverse V-shaped sample at $1,385, representing a 28% drop from the present value.
As Cointelegraph reported, an inverse cup-and-handle sample locations the downward goal at $1,665, whereas MVRV bands level to a goal of $1,725.
Onchain analytics platform Lookonchain highlighted three main liquidation zones round $1,500, $1,300, and $1,000, which may act as magnets for Ether’s value earlier than a possible backside.
Glassnode’s UTXO realized value distribution (URPD), displaying the common costs at which SOL holders purchased their cash, reveals that there’s little earlier quantity beneath $1,900. In different phrases, patrons won’t step in earlier than the worth drops to the aforementioned assist ranges.
The subsequent vital assist sits at $1,200, the place roughly 1.5 million ETH had been beforehand acquired.
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