Ethereum Price Analysis: Is $1.5K ETH Inevitable After Latest Breakdown?
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Ethereum is under sustained selling pressure after losing its 100-day moving average, which was only reclaimed in April, and has broken below a key demand zone to hit local lows near $1.75K. A long-term bearish trendline from the $4.8K cycle highs has repeatedly capped recoveries and rejected price in May, and both technical and on-chain indicators remain bearish. Unless buyers quickly reclaim the lost levels, further downside risk for ETH could weigh on crypto markets, DeFi activity and token performance.
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Ethereum has been under intense selling pressure due to losing the 100-day moving average, which was only reclaimed in April after months. The recent breakdown below a key demand zone has pushed ETH to fresh local lows near $1.75K, while both technical and on-chain indicators continue to favor the bears. Unless buyers reclaim the lost levels quickly, the current structure suggests that further downside cannot be ruled out.
Ethereum Price Analysis: The Daily Chart
On the daily timeframe, ETH continues to trade below a well-defined long-term bearish trendline that has been in place since the reversal from the $4.8K cycle highs. The trendline remains intact and has repeatedly capped recovery attempts throughout the decline. It has also rejected the price in May, which has initiated the current aggressive drop.
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In This News
Coins
$ 1.80K
+0.32%$ 1.80K
+0.18%Predictions Markets
See what traders are focused on
Share:
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Ethereum Price Analysis: ETH Faces a Crucial Test After Latest Rebound
