Ether (ETH) has fallen 30% within the last seven days, falling from $2,800 to $1,900. The drop coincided with a pointy drop in futures activity, with Ether open interest falling by greater than $15 billion over the identical period.
Analysts are actually specializing in the long-term technical zones and on-chain indicators that might signal a significant turning point for ETH price.
Key Takeaways:
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Ether has fallen 30% in seven days and has fallen below the psychological level of $2,000.
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Yesterday’s ETH price drop now brings $1,000 to $1,400 into focus.
ETH falls with the crypto market
The ETH/USD pair fell below $2,000 for the primary time since May 2025, hitting a nine-month low of $1,740 on Friday. While Ether has now recovered to $1,900 on the time of writing, it has seen the most important weekly decline of 30% among the many top cryptocurrencies.
Bitcoin (BTC), the market leader, was trading at $66,340 on the time of writing, down 21% over the past seven days. Fifth-place XRP (XRP) has lost greater than 21% within the last week and is trading just above $1.37. Solana (SOL) also saw significant losses among the many top 10 cryptocurrencies, falling by 29% over the identical period.
As a result, the worldwide crypto market cap fell 20% over the week to $2.23 trillion on Friday.
Performance of top cryptocurrencies: Source: CoinMarketCap
Ether's plunge this week comes with significant long liquidations totaling $400 million within the last 24 hours, indicating intense selling by traders.
Sellers also included US-based spot Ether ETFs, which saw $1.1 billion in net outflows over the past two weeks.
Spot Ether ETFs flow table. Source: Farside Investors
This, coupled with increasing selling from other major ETH holders resembling Trend Research and Ethereum co-founder Vitalik Buterin, suggests incessant overhead pressure that might push the ETH price lower.
How low can ETH price fall?
Ether's downward trend over the past two weeks has seen it lose two key support levels, including the 200-week easy moving average (SMA) and the psychological levels at $3,000 and $2,000.
The last time ETH fell significantly below the 200-week SMA was in March 2025, which was followed by a forty five% price drop.
If history repeats itself, the ETH/USD pair will extend the downtrend towards $1,400.
ETH/USD weekly chart. Source: Cointelegraph/TradingView
This level aligns with the bearish goal of an inverted V-shaped pattern at $1,385, representing a 28% decline from current price.
As Cointelegraph reported, the downside goal for an inverted cup-and-handle pattern is $1,665, while the MVRV bands point to a goal of $1,725.
Onchain analytics platform Lookonchain has highlighted three major liquidation zones around $1,500, $1,300 and $1,000 that might act as magnets for Ether's price ahead of a possible bottom.
Source: Lookonchain
Glassnode's realized UTXO price distribution (URPD), which shows the common prices at which SOL holders purchased their coins, shows that there was hardly any volume below $1,900 thus far. In other words, buyers may not intervene until the worth falls to the above support levels.
The next significant support is at $1,200, where around 1.5 million ETH were previously acquired.
ETH: UTXO realized price distribution (URPD). Source: Glassnode
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