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Ethereum is below the $1,900 level, which is facing continuous sales pressure as the broader crypto market continues to weaken. After refusing a sharp rejection from the $2,500 mark in late February, the Bulls were unable to regain momentum, and ETH steadily declined. Loss of key support levels further undermines sentiment, and Ethereum price action remains bearish in the short term.
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Despite the negative outlook, there are signs of accumulation beneath the surface. According to Intotheblock data, Ethereum whales are purchasing DIP. The largest ETH wallet added to its holdings over 130,000 ETHs yesterday. This is a move that suggests confidence from long-term players, even when retail sentiment shaking.
This accumulation can indicate a change in momentum, especially if it persists, if the whales continue to absorb supply while the prices remain low. However, for the actual recovery to take hold, Ethereum must regain critical resistance levels and demonstrate a stronger purchasing activity across the board. For now, the market is under pressure, but whale behavior could provide hints on what will come once the current downtrend begins to ease.
Big Ethereum companies buy amid market uncertainty
Ethereum is currently down 55% from its December high, reflecting the broader pain throughout the crypto market. Seller-offs have been driven largely by increasing macroeconomic uncertainty, adding to global financial instability by US President Donald Trump’s aggressive trade policies and unpredictable tariff announcements. High-risk assets like Ethereum have been hit hardest as traditional markets struggle to find a foothold.
The Bulls are struggling to defend their key support levels, and price action suggests that downtrends could continue in the short term. Ethereum trade is well below $1,900 and the outlook remains vulnerable as there is no clear sign of bullish momentum.
Still, not all signals are bearish. According to data from Intotheblock, Ethereum whales appear to be accumulating. In one day, the largest ETH wallet added to its holdings over 130,000 ETH. This is a move that suggests quiet confidence among key players. This level of accumulation often suggests a long-term bullish outlook, especially during periods of fear and weakness.
Prices continue to decline, but these large-scale holder actions add to the speculative environment, indicating that some investors may be positioned early due to a potential surge. Ethereum could benefit from this quiet accumulation phase if macro conditions are stabilized or begin to begin to change emotions, but for now the market remains in correction mode.
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Technical Analysis: ETH Bulls defend critical support
Ethereum is trading at $1,830 after a major wave of sales pressure, falling sharply below the $2,000 level. Panic sales grabbed the market. The Bulls are struggling to regain control amid the wider recession throughout the crypto space. The breakdown below $2,000 showed a significant change in emotions, turning what was once considered a consolidation phase into a deeper correction.
At this stage, the Bulls will need to maintain a support level of $1,800. This is a significant threshold that could further decrease to under $1,750 if lost. Over $1,800 will allow for opportunities to build a foundation for stabilization and recovery. However, to show a meaningful reversal, Ethereum needs to regain the $2,100 level. This now serves as a short-term resistance.
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Only a decisive push above that mark could confirm new strength and potentially reestablish bullish momentum. Until then, ETH remains vulnerable to further downsides. As the broader market situation is still uncertain, Ethereum’s next move around these support levels is important in determining whether it can recover in the short term or slide deep into the correctional area.
Dall-E special images, TradingView chart
