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- Ethereum remains under selling pressure, dropping 20.39% in a week and repeatedly testing its critical $2,100 support.
- A bullish stochastic RSI crossover suggests a rebound, but strong bearish momentum could push Ethereum even lower.
- If Ethereum falls below $2,100, liquidity accumulation may begin, but a true reversal needs strong buying pressure.
Ethereum keeps on facing immense selling pressure. It has declined by 20.39% in the past week and it broke the support level of $2,076. However, the price has slightly risen in the last 24 hrs but is still bearish in the global market. Investors are now after key support levels because these will decide whether Ethereum will start to rebound or continue decline.
The cryptocurrency had a bullish stochastic RSI crossover indicator on the weekly chart pointed out by Analyst Mikybull Crypto. In the past, this signal has pointed towards rebounds when it candles appear near a support level. However, the bearish pressure is still seen to be present and this means more losses for the ETH before it is able to find any form of bulls to return to the market.
Ethereum’s Prolonged Bearish Trend
Ethereum has been in a bearish trend for the past 12 weeks; trading at $4,087 on December 2, 2024 was significantly lower to trading at $2,076 on February 24, 2025. Thereafter, this has been a significant support level that has been tested several times within this period at $2,100. This level has attracted a lot of traders who used entry on it to open new long positions in expectation of a bounce back. Nevertheless, touching this level multiple times leads to its increased probability of breakdowns before an uptrend is established firmly.
This has been supported by technical pointers that continue to paint the current bearish picture. Even on the weekly chart, the Relative Strength Index (RSI) remains below 50 indicating that selling pressure dominates. With AO targeting the zero level below it, the three consecutive red histograms indicate bearish momentum. These signs can be used to imply that Ether may fail to rise above $2,000 anytime soon if bulls fail to regain the trend.
Source: TradingView
Potential Liquidity Accumulation
Ethereum is currently being valued at $2,151 and is currently up by 0.22 % within the last one day. In the event that Ethereum gets below $2,100, there could be a period of liquidity accumulation whereby, big institutional investors could invest on the ICO at cheaper prices. However, all this may lead to a reversal only in the event that the buying pressure rises then surpasses this bearish trend.
Source: TradingView
The cryptocurrency is still very risky and the market instability continues to make investors improve carefully. But it is still possible if there is an ability to boost up the trading volume and market confidence. If no changes are made again, the Ethereum price may remain below testing the lower supports and as always the traders wait for signals indicating that the market is ripe for a bottoming-up move.
