📉 Ethereum ( $ETH ) has dropped below a crucial long-term support line amid a broader market pullback that erased over $200B. With bearish pressure rising, ETH may retest $1500 if bulls fail to defend current levels.
🔻 ETH is underperforming Bitcoin, printing massive red candles throughout Q1. Spot ETH ETFs are trading 25% below fair value, with over $370M pulled in March 2025 — adding to the bearish weight.
📉 The price is now below the 200-day MA for the first time since 2021 and has broken down from a key symmetrical triangle. Monthly RSI is at levels last seen during the 2022 bottom, signaling weakness.
📊 Technical indicators like the Ichimoku Cloud and DMI are nearing a bearish crossover. Unless RSI rebounds from current support, a deeper correction looks likely.
📈 If ETH reclaims $2000 by the monthly close, it may recover and test higher targets. Otherwise, a drop to $1500 appears imminent.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
