Ethereum Risks 15% Drop Amid Bearish Pressure
Key Takeaways
- Ethereum (ETH) is under pressure – over USD 330 million in short positions suggest falling prices.
- A potential 15% price drop to USD 1,500 is expected if ETH closes below USD 1,770.
- US tariffs under President Trump are adding additional strain to the crypto markets.
- Despite the negative sentiment, large investors (“whales”) continue to buy ETH.
Market Sentiment: Bears Dominate Ethereum
Ethereum is currently showing clear signs of weakness. Traders are increasingly betting on falling prices. According to data from analytics platform Coinglass, short positions worth approximately USD 330 million have been established. Notably, these positions are concentrated around the USD 1,848 price level, indicating strong bearish sentiment.
At the same time, long positions worth USD 115 million are open around the USD 1,783 level. This leverage on both sides increases the risk of significant price movements.
Technical Analysis: Critical Level at USD 1,770
From a technical perspective, Ethereum is at a turning point. The price structure is forming a so-called “cup and handle” pattern – a classic bearish signal. If ETH falls below the USD 1,770 mark and closes the day below it, a significant sell-off could follow.
According to technical analysis, a realistic price target in such a scenario is around USD 1,500, representing a decline of approximately 15%. In addition, ETH is currently trading below the 200-day moving average (EMA), confirming the negative trend.
Macroeconomic Pressure: New US Tariffs Taking Effect
The announcement of new import tariffs by US President Donald Trump has put financial markets under pressure – including the crypto sector. Particularly affected are China (34% tariff), the European Union (20%), and Japan (24%). These political developments have weakened confidence in riskier asset classes such as cryptocurrencies.
Following the announcement, Ethereum lost over 4.5% and was recently trading just above USD 1,800. The market is currently in a phase of heightened uncertainty.
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Large Investors Buying Despite Price Decline
Despite the negative market sentiment, some large investors are behaving differently. According to blockchain analytics platform Lookonchain, a so-called “whale” recently withdrew 2,774 ETH worth approximately USD 5.27 million from the Binance exchange.
In total, the same investor has already withdrawn over 16,400 ETH worth nearly USD 44 million at an average price of USD 2,676. This behaviour suggests a “buy the dip” strategy – deliberately increasing holdings during price declines.
Our Assessment
Ethereum is currently at a critical juncture. The combination of technical weakness, macroeconomic pressure, and high short activity points to an increased downside risk. A break below the USD 1,770 level could trigger a chain reaction and push the price toward USD 1,500.
At the same time, the behaviour of some large investors shows that there is also confidence in a long-term recovery. Anyone invested in ETH or considering investing should closely monitor price developments in the coming days and apply proper risk management.
Sources
- TradingView
- Coinglass
- Lookonchain
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