Ethereum Price Crash Below $1,800 - Is $1,200 Next?
Ethereum Crashes Below $1,800 Market in Panic Mode
The crypto market is taking a beating, and Ethereum is leading the plunge.
In the past 24 hours, the total crypto market has dumped over 5%, with Ethereum suffering a brutal 9.3% drop, now trading at $1,620 well below the psychological and technical support at $1,800. This selloff isnt isolated. Asian markets kicked off the cascade, with heavy sell pressure hitting exchanges during early trading hours. The dump quickly spread globally, causing panic across major altcoins and leading to massive outflows from both centralized and decentralized platforms.
ETH/USD 1-day chart - TradingView
Ethereum News: Price Action and Portfolio View
Lets break down Ethereums numbers:
- Current Price: $1,620
- 24h Change: -9.3%
Yesterday's price: ~$1,785 - 7d Change: -11%
- Market Cap: $195.3 billion
- Market Sentiment: Highly bearish
- Momentum Indicators: Oversold on multiple timeframes
This price drop isnt just noise its a technical breakdown, and the breach of $1,800 flips previous support into resistance. ETH is now in a vulnerable position.
Why Is Ethereum Dropping So Hard?
There are three main catalysts:
- Macro Selling Pressure: The entire crypto market is under stress, with traders exiting risk assets in favor of stablecoins or fiat. This is not a sector-specific dip its widespread, especially after the Trump trade war.
- Asia-Led Selloff: Asian trading desks and retail traders have been dumping across the board, particularly overnight. Volume spikes out of Asia have led every major downturn this week, as China doubles down on its US tariff strategy.
- Heavy Outflows & Sentiment Shift: ETH has seen increased outflows from exchanges, with many investors choosing to sit in stablecoins while the market finds a bottom.
Ethereum Price Prediction: How Low Can We Go?
If this downtrend continues, ETH could retest the following levels in quick succession:
- $1,500: Minor support level from last summer
- $1,200: Stronger support last tested in 2023
- $1,080: Final major floor before 3-digit territory
Of course, these levels assume continued market-wide dumping, and any reversal in sentiment or positive macro news could trigger a bounce. But for now, the trend is down and ETH is following it hard.
ETH/USD 1-day chart - TradingView
Read more: https://cryptoticker.io/en/ethereum-price-crash-below-1800-dollar-is-1200-next/
Text source: CryptoTicker
