Ethereum price collapses below $1800 - will it reach $1200 after that? 🎯💸🚀💯 Ethereum collapses below $1800 - the market is in panic The cryptocurrency market is taking a strong hit, with Ethereum leading this decline. Over the past twenty-four hours, the cryptocurrency market has dropped by more than 5%, with Ethereum suffering a sharp decline of 9.3%, now trading at $1,620 - a level significantly below the psychological and technical support level of $1,800. This intense selling was not isolated. Asian markets started a wave of selling, with severe selling pressure on exchanges during the early trading hours. The decline quickly spread globally, causing panic among major altcoins and leading to massive outflows from centralized and decentralized platforms. Price and a look at the portfolio. Let’s analyze the Ethereum numbers: Current price: $1,620 Change over 24 hours: -9.3% → Yesterday's price: ~1785 USD Change in 7 days: -11% Market Cap: $195.3 billion Market sentiment: Extremely bearish Momentum Indicators: Oversold on Multiple Time Frames This price drop is not just noise, but a technical collapse, and a breach of the $1800 level turns previous support into resistance. Ethereum is now in a fragile position. Why is the price of Ethereum dropping so sharply? There are three main incentives: Overall selling pressure: The entire cryptocurrency market is experiencing pressure, as traders are exiting risky assets and moving towards stablecoins or fiat currencies. This decline is not sector-specific, but rather widespread, especially after the trade war initiated by Trump. Asia-led sell-offs: Asian trading platforms and retail traders witnessed widespread selling, especially overnight. The increases in trading volumes coming from Asia led all major declines this week, with China bolstering its strategy against U.S. tariffs. Heavy outflows and a shift in sentiment: ETH has seen increased outflows from exchanges, with many investors opting to sit in stablecoins while the market finds a bottom. Ethereum Price Predictions: How far can we go? If this downward trend continues, ETH may retest the following levels consecutively: 1500 dollars: a slight support level from last summer $1200: A stronger support level tested last time in 2023 $1,080: The final major minimum before the three-digit zone Of course, these levels assume a continued decline in market prices, and any reversal in sentiment or positive news on the macro economy could trigger a recovery. But for now, the trend is bearish, and Ethereum is following closely.
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SamirAl-Qadri
· 04-07 18:46
The bullish market is at its peak 🐂
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Niutouchun
· 04-07 12:17
I just took a look and wondered how much longer it will take to finish!!!!
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GateUser-68291371
· 04-07 11:38
Good afternoon! Considering the recent fluctuations, it might be possible, but in my opinion, it won't drop below 1400! I hope it will rise smoothly following Bitcoin!!! But when investing in the current reality, be extremely cautious and attentive!!!
#GT# #BTC# #XRP# #ETH# #DOGE#
Ethereum price collapses below $1800 - will it reach $1200 after that?
🎯💸🚀💯
Ethereum collapses below $1800 - the market is in panic
The cryptocurrency market is taking a strong hit, with Ethereum leading this decline.
Over the past twenty-four hours, the cryptocurrency market has dropped by more than 5%, with Ethereum suffering a sharp decline of 9.3%, now trading at $1,620 - a level significantly below the psychological and technical support level of $1,800. This intense selling was not isolated. Asian markets started a wave of selling, with severe selling pressure on exchanges during the early trading hours. The decline quickly spread globally, causing panic among major altcoins and leading to massive outflows from centralized and decentralized platforms. Price and a look at the portfolio.
Let’s analyze the Ethereum numbers:
Current price: $1,620
Change over 24 hours: -9.3%
→ Yesterday's price: ~1785 USD
Change in 7 days: -11%
Market Cap: $195.3 billion
Market sentiment: Extremely bearish
Momentum Indicators: Oversold on Multiple Time Frames
This price drop is not just noise, but a technical collapse, and a breach of the $1800 level turns previous support into resistance. Ethereum is now in a fragile position.
Why is the price of Ethereum dropping so sharply?
There are three main incentives:
Overall selling pressure: The entire cryptocurrency market is experiencing pressure, as traders are exiting risky assets and moving towards stablecoins or fiat currencies. This decline is not sector-specific, but rather widespread, especially after the trade war initiated by Trump.
Asia-led sell-offs: Asian trading platforms and retail traders witnessed widespread selling, especially overnight. The increases in trading volumes coming from Asia led all major declines this week, with China bolstering its strategy against U.S. tariffs.
Heavy outflows and a shift in sentiment: ETH has seen increased outflows from exchanges, with many investors opting to sit in stablecoins while the market finds a bottom.
Ethereum Price Predictions: How far can we go?
If this downward trend continues, ETH may retest the following levels consecutively:
1500 dollars: a slight support level from last summer
$1200: A stronger support level tested last time in 2023
$1,080: The final major minimum before the three-digit zone
Of course, these levels assume a continued decline in market prices, and any reversal in sentiment or positive news on the macro economy could trigger a recovery. But for now, the trend is bearish, and Ethereum is following closely.