Ethereum faces the growing pressure after weeks of relentless sales and disappointing price. From January, Bulls has not regained control, and ETH is still bleeding on the market more and more dominated by fear and uncertainty. Without clear signs of reversal, the coming weeks can bring more pain for investors occupying long positions.

Global financial markets remain on the edge when the fears related to the trade war and geopolitical tensions get worse. This hostile macro environment attracted investors from high -risk assets, such as cryptocurrencies, and Ethereum was one of the most tough hits. The weakness of prices reflects not only technical failures, but also a broader lack of trust in a brief -term recovery.

The best Substantial Cheds analyst recently shared a technical analysis showing that Ethereum now has USD 1,840 – a stunning drop from USD 3,400 this year. According to Cheds, this confirms the continuation of the current inheritance trend, with ETH now goes to lower demand zones that could offer circumscribed support.

Unless the bulls enter with force, the perspective of Ethereum remains bear. The market is carefully observing whether USD 1,800 can stop – whether they will be ahead, when the shoot still favors the minus.

Ethereum under pressure when key levels fall

Ethereum is in a critical position because it still lost key support levels when installing sales pressure. After a brief recovery of the $ 2000 USD in recent weeks, ETH has once again fell below this key threshold – a failure that intensified the bears of sentiment and placed bulls in a defensive attitude. With every unsuccessful attempt to regain investors’ trust weakens, and analysts are now calling for deeper correction in the coming weeks.

The situation is particularly fine because Ethereum serves as a spine for most of the cryptographic ecosystem. The constant decrease in ETH does not only affect its owners, but also affects the wider Altcoin market and DEFI sectors, which are based on the strength of the Ethereum price for the shoot. The continuous decline increased the fears that the prolonged bear phase could develop.

Substantial cheds provided technical bears of perspectivesPointing to the severity of the ETH decline from its highest level of USD 3,400 to the current level of USD 1,840. According to Cheds, if the downward trend is continued, another key accumulation zone for viewing can be between USD 1200 and 1300 USD – a range that previously acted as a sturdy base during previous cycles.

If Ethereum drops to this zone, it would represent a correction of over 60% compared to the last peak. Such a movement would signal a solemn distribution of the structure and test the long -term conviction of investors. For now, the bulls must fight to maintain 1,800 USD levels and try to recover the lost base. Soon, the road to ETH looks more and more tough – and a wider market can follow it.

Key levels of resistance remain intact

Ethereum is currently amounted to USD 1,840, it still shows weakness after it has not regained the 4-hour average (ma) and interpretation of the movable (EMA), both are close to USD 2100. These indicators operated as a sturdy active resistance since December 2024, and ETH has been consistently trading under them – a clear sign that there is no control of this trend.

This prolonged weakness below 200 mA and EMA strengthened the bears of the shoots, and the bulls were unable to regain any significant ground in recent months. Until Ethereum manages to go back above these key technical levels, any attempt to recover permanently may not be associated.

Recovering 200 mA and EMA can cause a significant growth movement because it would signal a change in the brief -term market structure and potentially resumed purchasing interest. However, even earlier, bulls must focus on recovering the psychological level of $ 2000 – the main price zone, which repeatedly defined the battle between buyers and sellers.

If ETH can break above USD 2000 and USD 2100 with a volume, this may mean the beginning of a stronger recovery phase. Until then, the price action remains sensitive and tilted in the direction of the minus.

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