Ethereum (ETH) has been experiencing significant bearish pressure in recent weeks, with its price falling below the key $2,100 support level and even dipping under $2,000. This has raised concerns about its ability to recover.

 

Current Market Situation
 

As of March 11, 2025, Ethereum's price has dropped to $1,873.38, representing a 7.28% decline. The Relative Strength Index (RSI) is currently at 34.4, indicating a lack of strong buying pressure.

 

Technical Indicators
 

  • The Exponential Moving Averages (EMA) are in a firmly bearish structure, suggesting the continuation of downward momentum.
  • The Directional Movement Index (DMI) shows that sellers are in control, with the Average Directional Index (ADX) rising to 29.82.

  • The RSI is nearing oversold territory, a condition that has historically led to price rebounds in previous cycles.

     

Potential Future Trends
 

  • Bearish Scenario: 
    If Ethereum fails to hold above $1,800, the price could continue falling, with the next major support level sitting around $1,500. A breakdown below this point could result in further losses.
     
  • Bullish Scenario: 
    A strong recovery above $2,100 could shift market sentiment and push ETH toward the $2,500-$2,700 range. However, this would require sustained buying pressure and a bullish EMA crossover.
     

Key Takeaways
 

  • Ethereum's price has broken down from a 994-day support area, falling to a new 2025 low.
  • Whale accumulation is increasing, with large investors buying the dip, which could signal a potential price recovery.
  • Technical indicators suggest a strong downtrend, but the RSI is nearing oversold territory, which could lead to a short-term relief rally.