Ethereum (ETH) has officially lost the $ 2,000 mark, diving at its lowest levels since October 2023 while the sales pressure is intensifying. The price recently dropped as low as $ 1,750, marking a spectacular drop compared to its December 2024 summit of $ 4,100. This 57% crash created a difficult environment for bulls, Ethereum has trouble finding support in the middle of a wider weakness on the market.
The slowdown in the cryptography market has left the ETH vulnerable, investors concerned about other risks. With macroeconomic uncertainty and a dominant lower feeling, Ethereum remains in a fragile position, not recovering key resistance levels.
The data on the cryptocurrency chain reveal that the Ethereum whales holding 1,000 to 10,000 ETH now officially hold a loss for the first time since 2023. Great holders have seen unpaid losses, which could have an impact on the feeling of the market and future actions.
With ETH at a critical time, traders look closely if it can stabilize and recover or if the sales pressure will continue to reduce prices. The next few weeks will be crucial for the long -term trend of Ethereum.
Ethereum fights below multi -year support as the weakness of the market continues
Ethereum (ETH) is currently negotiated below a multi -year support level, which has now become a strong resistance zone. As the ETH fails to recover the level of $ 1,900 to $ 2,000, the bulls lose momentum and the lowering feeling continues to dominate the market. With Ethereum unable to find stability, investors remain on board, not knowing if the additional descent is ahead.
The broader break in the market was motivated by the increase in fears of the world trade war and uncertainty surrounding the policies of the American president Trump. Since the US elections in November 2024, macroeconomic instability and volatility have shook both cryptographic and stock markets. These uncertain conditions have pushed the US stock market to its lowest levels since September 2024, intensifying the feeling of risk more. Consequently, Ethereum and other major cryptocurrencies had difficulty finding high demand, extending the current decline trend.
The superior analyst Quinten François shared the unrealized profit ratio of the ethn whales, revealing that the Ethereum whales holding 1,000 to 10,000 ETH are officially underwater. This suggests that even large holders are undergoing unrealized losses, which potentially increases sales pressure if market conditions do not improve. Historically, when whales go underwater, the market tends to enter an extended period of uncertainty and consolidation. The capitulation or accumulation of whales at these levels has considerably affected the price cycles of Ethereum.

With the ETH lower than the key levels and the feeling of the market deeply down, the next few weeks will be crucial to determine if Ethereum can stabilize and recover lost ground or if a continuous break is inevitable. The bulls must resume the force quickly, where the ETH could go towards deeper losses.
ETH has trouble recovering $ 2,000
Ethereum (ETH) is currently negotiated at $ 1,910, following a massive sales pressure triggered by its loss of the critical support level of $ 2,000. The rupture below this key psychological area has intensified the lowering feeling, leading to increased volatility and a lower market structure.

Bulls are now trying to recover the $ 2,000 mark as quickly as possible to stop the sales pressure and stabilize prices. A successful thrust above this level would signal a potential recovery phase, reducing the risk of more downwards. However, the ETH remains below key technical levels, and if it does not hold current support and will recover $ 2,000, the market is likely to see a continuation of the downward trend.
Despite the recent drop, analysts suggest that Ethereum could undergo net recovery once it has established a local hollow. Historically, the ETH has experienced strong rebounds following major sales, and if the bulls manage to push the price above the resistance areas, a movement towards higher levels could take place quickly. The next trading sessions will determine whether ETH can resume strength or if the downward trend will deepen more.
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