Ethereum Price Today: Could ETH Plunge Below $1,000 Amid Market Turmoil?

Ethereum (ETH) has faced significant selling pressure, dropping nearly 11% on Monday and continuing its decline for three days. The price fell another 8.4%, breaking below the critical support level of $2,359. As of Friday, ETH is retesting its February 3 low of $2,125.

Key Support and Resistance Levels


  • $2,125 – A crucial support level; a close below this could trigger further declines.
  • $1,905 – The next major weekly support if ETH continues downward.
  • $2,359 – Key resistance; a recovery above this level could indicate bullish momentum.
  • Ethereum’s Relative Strength Index (RSI) on the daily chart is at 27, signaling oversold conditions.
  • While this suggests ETH might be due for a rebound, RSI can remain oversold in extended downtrends.
Read ETH Price Prediction 2025 2026 - 2030 for more insights

Whale Activity on Decentralized Exchanges (DEXs)


  • Whales have increased their buying activity, signaling confidence in a market recovery.
  • 24-hour whale buy volume: $9.41 million vs. sell volume of $6.17 million.
  • Last six hours: Whales bought $1.73 million, slightly surpassing sales of $1.60 million.

Smaller Traders Show Mixed Sentiment

  • Small Market (SM) traders: Bought $1.77 million, sold $1.96 million – cautious accumulation.
  • SDTs: Bought $3.21 million, sold $2.34 million – modest accumulation trend.
Also Read: BTT Price Prediction 2025, 2026 – 2030

Ethereum Netflows Indicate Institutional Interest


  • Total netflow: +55.34K ETH, suggesting accumulation over time.
  • 7-day netflow: +88.89K ETH, reflecting strong inflows.
  • 24-hour netflow: -6.53K ETH, showing short-term outflows, possibly due to profit-taking.

Market Analyst Insights


  • According to Daan Crypto Trades, ETH has swept its August lows across exchanges.
  • If ETH fails to hold $2,125, further downside toward $1,900 or lower is possible.
Ethereum’s price action remains uncertain. Whales and institutions continue accumulating, but selling pressure from smaller traders persists. Whether ETH has found a market bottom or faces further declines depends on its ability to hold key support levels in the coming days.

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