Ethereum on the Edge – Will it fall below $1,000 or soar above $4,000?

• ETH prices continue to fall below $2,300 support, potentially moving to $1,850, indicating that they could reach $1,300 if sales pressures don’t ease.

• The RSI shows 43.45, but the sale of the MACD signaling market could continue without the development of bullish trends.
• ETH requires price increases from $2,300 to over $2,700 to establish bullish conditions, but otherwise the bearish price movement will expand.

Ethereum Coin (ETH) is under downward pressure as it marks a bearish period with recent market activity extended. Current chart analysis shows that ETH is crossing under the main support zone where investors and traders worry about future prices falling.

Technical overview and key levels

The Ethereum Price Chart shows an established decline while passing the $2,300 support threshold before the recent fall. Market liquidation increased when market participants maintained a support level of $2,300 at strength until sales capacity declined. The exchange rate is currently at $2,007.37, indicating a 0.5% reduction from the previous day’s figure.

This value serves as a strong resistance barrier, as Ethereum was unable to exceed $3,700 in its previous bullish momentum. Current market activity establishes $2000 in price range, but the support level is close to $1300. Ethereum prices could rise to previous lows before the bearish momentum continues to affect future price movements for the coming weeks.

Market indicators and trends

As Ethereum struggles to recover from the recent decline, sentiment across the market remains cautious. ETH reached $1,985.69 with its value as the lowest point of the day, but fell sharply after experiencing a period of significant market instability that began to show signs of recovery. The market recovery during this period will face strong resistance in the price range of $2,300 to $2,400.

This indicator suggests that Ethereum continues to recede after it exceeded its previous level of support. Market analysts will understand whether the asset level is $2,000 or whether future potential price losses will reach $1,850 or more.

Ethereum’s technical indicators suggest bearish pressure

The (RSI) indicator is below 43.45 above the neutral 50 points, meaning a mild bearish outlook without showing extreme selling. ETH prices show historical correction patterns when a positive RSI signal reaches an excess zone of 70 marks from mid-2024 to early 2025.

Source: TradingView

When the MACD line remains positioned above the signal line, a bull market signal appears. A drop in prices became important as the MACD reached 200 levels during previous spikes and negative crossover events continued to sell the market.

Market impact and future outlook

Ethereum’s main support level has disappeared to create a critical period for the market structure. The inability to exceed $2,300 in ETH prices leads to a sustained price drop in the possibility of a support level of $1,300.

If ETH absorbed the purchase funds but established a $2,300 and $2,700 barrier, the price could temporarily recover. Future weeks will reveal whether Ethereum currency has managed to build upward momentum or if it will encounter more price drops in market conditions.