Ethereum is currently trading below the $1,900 level as mounting selling pressure raises concerns that the recent downtrend could extend further. After losing the critical $2,500 support in late February, bulls have struggled to regain control. What began as a minor pullback has morphed into a broader correction, disappointing investors who had anticipated a bullish 2025 for ETH.
The failure to reclaim key levels has eroded market confidence, resulting in weak price action across both short and mid-term timeframes. Ethereum’s inability to sustain even brief recoveries has reinforced the bearish sentiment gripping the crypto space in recent weeks.
Adding to the negative outlook, new data from Santiment reveals that whales have sold approximately 500,000 ETH over the past 48 hours. This significant distribution by large holders highlights a clear lack of confidence among some of the most influential market players — a trend that could heavily impact Ethereum’s near-term performance.
As ETH hovers below $1,900, the focus is on whether bulls can defend remaining support levels or if continued selling from whales and broader market uncertainty will drive the price further down in the coming days.
Ethereum Whale Selling Fuels Bearish Outlook
Ethereum is down 55% from its December high, with price action reflecting the broader market’s weakness. The selloff has been sharp and consistent, driven by growing macroeconomic uncertainty and global instability. Recent volatility was triggered by renewed tariff threats from US President Donald Trump and unpredictable policy direction, spooking financial markets and leading to capital flight from high-risk assets.
As a consequence, Ethereum — a key altcoin deeply linked to speculative sentiment — has become one of the most affected major cryptocurrencies. Bulls are struggling to safeguard support near the $1,800 level, and every rally attempt has faced renewed selling pressure. Without a clear trend shift, ETH remains exposed to further downside in the near term.
Adding to the bearish sentiment, top analyst Ali Martinez shared data demonstrating that whales sold 500,000 ETH over the last 48 hours. This massive distribution from large wallets suggests even experienced market participants are becoming increasingly cautious. Such activity often precedes deeper corrections, especially amid weak technicals and broader risk-off sentiment.
Unless Ethereum can reclaim key resistance levels and exhibit signs of accumulation, the current trend may continue to favor sellers. As markets digest macro developments, ETH holders are closely monitoring for any indication that the worst is over — but for now, the pressure remains firmly directed downwards.
Ethereum Trades At $1,810 As Bulls Defend Crucial Support
Currently, Ethereum is trading at $1,810 after repeated unsuccessful attempts to reclaim the $1,900 level. The price continues to encounter strong resistance, with bullish momentum significantly subdued in recent weeks. Bulls are now in a critical position, with $1,800 emerging as the most vital support level in the current cycle. A decisive breakdown below this point could lead to a deeper correction, potentially sending ETH as low as $1,550 — a price zone not seen since mid-2023.
The broader crypto market remains under pressure, and Ethereum’s price action reflects that sentiment. The market is weighed down by macroeconomic headwinds and aggressive selling from whales, complicating the efforts for bulls to regain control. Nevertheless, hope persists as ETH strives to stabilize and push higher in upcoming sessions.
A breakout above the $2,000 level would signify a substantial shift in momentum, potentially igniting a strong recovery rally. That level stands as both a psychological and technical threshold for a potential trend reversal. Until then, Ethereum continues to navigate a precarious balance between consolidation and further downside, with bulls needing to defend the $1,800 mark vigorously to avert cascading losses. The forthcoming days will play a crucial role in determining ETH’s short-term direction.
Featured image from Dall-E, chart from TradingView
