Ethereum (ETH) got stuck in suspense, trading below $ 1,900 and above 1750 USD after days of high sales pressure. The wider cryptocurrency market remains in stress, and fear dominates in sentiment and stops ETH from recovering the momentum.

Trunging is largely driven by macroeconomic uncertainty and escalational fears of the trade war that shook both stock markets. As investors, they are preparing for further variability, some are afraid that the market is preparing for a deeper correction.

However, not all analysts are bears. Some believe that in the coming months there may be recovery, especially if the technical indicators begin to show strength. The best analyst Daan shared the view of X, revealing that Ethereum has been consolidating since the main sale and is a falling clin-up formation pattern, which may indicate a local trend reversal.

For now, ETH is exposed to further declines, but if this pattern goes, Ethereum may soon break free from consolidation and start the rush to recover. The following weeks will be crucial to determine whether ETH can stabilize or have more disadvantages ahead of us.

Falling Ethereum Falling Wedge can signal reversal

Ethereum lost over 57% of its value, creating a arduous environment for bulls, because sales pressure continues. ETH is now trading below a long level of support that has exceeded mighty resistance. As long as Ethereum remains below the range of USD 1900–2010, Bulls will fight for the rush to recover, keeping intact moods.

The entire cryptographic market reflected this weakness, experiencing a significant division next to the American stock market. The fears and uncertainty of the global trade war regarding the policy of the US President Trump additionally fueled the sale of risk assets. Since the election in the US in November 2024, macroeconomic variability and growing uncertainty have increased markets. Because the American stock market has reached the lowest level since September 2024, investors remain on the edge, asking if Ethereum has a further decline in front of them.

Despite this gloomy perspective, there is some optimism. Daana’s observations Suggest that Ethereum consolidates from the main inheritance and is a falling wedge pattern. This stubborn formation can lead to local reversal of trends if ETH grows and persists above resistance.

In order for this potential recovery to materialize ETH must turn over over the white zone and recover $ 2,000. If this happens, Bulls can start testing higher levels and build a shoot to wider market recovery. However, the ETH/BTC ratio remains close to many years of low, showing only low resistance in recent days. It is needed to keep strength before a real reversal can occur.

Since Ethereum is still fighting, the next few weeks will be of key importance to determining whether this falling wedge can lead to a significant rally or a continuation of the inheritance.

Bulls are fighting for around $ 1900

Ethereum is currently trading at USD 1900, after a day of struggling below the key level of $ 2000. Bulls have lost control, and ETH is now at the lowest level since October 2023, reflecting the wider market uncertainty and continuous moods.

Thanks to the macroeconomic variability and the fears of the trade war, they strongly burden the risk assets, Ethereum still faces sales pressure, which hinders the bulls to build a momentum to recover. The longer ETH remains below $ 2,000, the stronger the resistance becomes at this level, pushing buyers further.

To avoid deeper losses, bulls must regain the $ 2,000 rating as soon as possible and determine it as a up-to-date level of support. The break and holding above this threshold can cause a recovery rally, enabling ETH to test higher resistance zones. However, the loss of current levels would expose ETH to another inheritance, potentially supplementing the support of nearly 1750 USD or lower.

The next few days will be crucial, because the bulls must enter and defend the current demand to prevent further decline. If they don’t, Ethereum can expand his bears to a deeper territory.

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