- Ethereum ($ETH) remains trapped between $1,750 and $1,900, struggling to gain momentum as macroeconomic uncertainty and trade war fears weigh on risk assets.
- Analysts point to a falling wedge pattern, a historically bullish formation, suggesting that a breakout above $2,000 could trigger a recovery, while failure to hold current levels may lead to a drop toward $1,750 or lower.
- Bulls must reclaim $2,000 soon, as strong resistance is forming, making it increasingly difficult to push higher—the next few days will be critical for ETH’s trajectory.
Ethereum ($ETH) has been trapped in a tight trading range, bouncing between $1,750 and $1,900, unable to gain momentum after sustained selling pressure. The broader crypto market remains on edge, with fear dominating sentiment and keeping buyers hesitant.
Macroeconomic uncertainty and growing trade war tensions have fueled risk-off sentiment across crypto and U.S. stock markets. With investors bracing for more volatility, some fear a deeper correction could be in the cards. However, not all analysts are convinced that the downturn will continue.
Falling Wedge Pattern Could Signal Reversal
Despite the heavy sell-off, some traders see signs of a potential recovery. Daan, a top analyst, recently pointed out that Ethereum has been consolidating following its major drop, forming a falling wedge pattern—a typically bullish structure that suggests a possible local trend reversal.
Ethereum has lost over 57% of its value, slipping below multi-year support levels that have now turned into stiff resistance. Unless ETH reclaims the $1,900–$2,000 range, bulls will continue to struggle, leaving bearish sentiment intact.
The entire crypto market has mirrored this weakness, falling alongside U.S. stocks amid global trade war concerns. Uncertainty surrounding U.S. President Trump’s policies has added to the turmoil, dragging down risk assets even further. Since the U.S. elections in November 2024, volatility has only increased, pushing markets lower.
Ethereum’s Next Move: Breakout or Breakdown?
For Ethereum to escape its downward spiral, it needs to break above the white zone and reclaim $2,000. If that happens, bulls could gain control, pushing ETH toward higher resistance zones and building momentum for a broader recovery.
However, the ETH/BTC ratio remains weak, hovering near multi-year lows. Despite minor resilience, a sustained push higher is necessary before a real reversal can take shape.
Bulls Struggle to Hold $1,900
Ethereum is currently hovering around $1,900, but buyers have been unable to reclaim the $2,000 mark. ETH is now at its lowest levels since October 2023, reflecting wider market uncertainty and strong bearish sentiment.
With macroeconomic pressures and trade war fears still looming, Ethereum continues to face strong selling pressure, preventing any meaningful recovery. The longer ETH stays below $2,000, the stronger resistance at this level becomes, making it even harder for bulls to reclaim lost ground.
If Ethereum fails to hold current levels, further downside is likely. Losing the $1,900 region could send ETH back to $1,750 or even lower, testing key support zones that must hold to prevent a deeper sell-off.
What’s Next for ETH?
The next few days are crucial. If bulls step in and defend current levels, ETH could stabilize and attempt a breakout. However, failure to reclaim key resistance zones could leave Ethereum vulnerable to another sharp decline.
For now, all eyes remain on whether Ethereum can escape its falling wedge pattern and build sustainable momentum for recovery—or if the bearish trend will extend further.
