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Ethereum (ETH) is confronted with considerable sales pressure and acts below $ 1,900 figure, because the uncertainty of the market continues to weigh on price action. After losing the critical level of $ 2,000, ETH fell as low as $ 1,750, so that the lowest point was marked since October 2023. Bulls are now under pressure because they have to defend the current demand zone to prevent further down and restore the trust of investors.
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Market conditions remain vulnerable, with Ethereum having difficulty finding a strong purchase interest rate. If bulls do not have the current support levels, ETH could see further falls, which contributes to the Bearish sentiment that the market has dominated in recent weeks.
Data on Cryptoquant chains reveal that the net-branch volume of Ethereum remains at a low level, indicating that the sales pressure is still strong. This suggests that market participants lean Beerarish, with more sales orders than buying orders who dominate the Ethereum price action.
With ETH trade in a vulnerable position, will be crucial in the coming days. If bulls can stabilize the price and push ETH back above $ 1,900, a potential recovery can begin. However, if the sales pressure persists, Ethereum can continue its downward trend, so that lower support levels will be tested in the coming weeks.
Ethereum is confronted with heavy sales pressure
Ethereum has lost more than 57% of its value, creating an extremely difficult environment for bulls, because the market remains in a deep down trend. ETH is currently being traded under a multi -year support level, which has now become in a strong resistance zone. While ETH is struggling to break back over the range of $ 1,900 – $ 2,000, the Bearish trend continues, where bulls cannot regain.
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The entire cryptomarkt has had a breakdown, a reflection of the weakness on the US stock market, since the global trade war fear and growing uncertainty about the policy of US President Trump shaking the confidence of investors. Since the American elections in November 2024, macro -economic volatility and uncertainty have lowered the dominant forces in the floating markets. Without a clear solution in sight, investors remain careful because the US stock market has now reached the lowest levels since September 2024.
Top analyst Quinten Francois shared information about XRevealing that the net tone volume of Ethereum is at historic lows, which signals intense sales pressure. This indicates that sellers continue to dominate the market, so ETH does not organize useful recovery. Until buyers intervene a strong question, ETH may remain stuck in a bearish phase, with a further downward risk if important support levels fail.
Now that Ethereum is struggling under critical resistance and the sales pressure is increasing, in the coming weeks will be crucial to determine whether ETH can stabilize or whether the market will see further losses. If Bulls cannot reclaim the lost soil, Ethereum could get even deeper corrections in the short term.
ETH was in reach while Bulls fight to reclaim $ 2,000
Ethereum is currently being traded at $ 1,880 and has been between $ 1,750 and $ 1,950 since last Monday. This sleek trading range has held ETH in a consolidation phase, where neither bulls neither are nor bears get full control over price action.
To start Ethereum a recovery rally, Bulls have to push the price above $ 2,000 as soon as possible. A break and close to this psychological level would indicate a renewed buying momentum, so that ETH may be able to test higher resistance levels. However, Ethereum remains in a fragile position, because the sales pressure on the market continues to weigh.
If ETH does not hold its current levels and breaks under $ 1,750, this can result in a steady continuation of the downward trend, with further downward risks that pop up. Bears would probably focus on lower support zones, which expand the bearish phase and postpone any chance of a long -term recovery.
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With uncertainty that still dominates the market, traders are closely watching whether Ethereum can break out of this reach or whether it will increase its decline, after the risk-off sentiment of the wider market. The next few trade sessions will be crucial for the short -term direction of ETH.
Featured image of Dall-E, graph of TradingView
