Ether plunges 30% as ETH risks sliding toward $1,000–$1,400
Ether (ETH) has plunged about 30% over seven days, falling from $2,800 to roughly $1,900 and briefly touching $1,740 — a nine-month low. The sell-off coincided with a $15 billion drop in futures open interest and roughly $400 million in long liquidations over 24 hours. US-based spot Ethereum ETFs saw $1.1 billion in net outflows in two weeks, while large holders including Trend Research and sales by notable addresses added selling pressure. Technical indicators show ETH has lost the 200-week SMA and key psychological supports at $3,000 and $2,000. Chart patterns and onchain analytics (Lookonchain, Glassnode) identify target and liquidation zones near $1,500, $1,300, $1,200 and $1,000; an inverse V/cup-and-handle scenarios point to targets between $1,385 and $1,725. Low realized-volume below $1,900 suggests limited buyer interest until those lower supports. Traders should note heightened liquidation risk, elevated volatility, and reduced futures activity — conditions that could accelerate downside in the short term, while long-term bottoms may form near the identified support cluster. This is not investment advice.
Bearish
The article details multiple reinforcing bearish signals: a 30% price drop, large long liquidations (~$400M), a $15B decline in futures open interest, and $1.1B net outflows from spot ETH ETFs. Technicals show ETH has lost the 200-week SMA and key psychological supports ($3,000 and $2,000). Onchain analytics identify liquidation magnets and sparse realized volume below $1,900, indicating weak buyer interest until lower levels near $1,500–$1,000. Historical precedent (March 2025 drop below the 200-week SMA followed by a 45% decline) suggests the risk of extended downside. For traders, these factors increase short-term downside risk and volatility, favoring defensive positioning, tighter stops, or short exposure for momentum traders. Longer-term investors may watch the identified support cluster (around $1,200–$1,400) for accumulation opportunities, but only after signs of stabilization such as reduced outflows, restored open interest, or onchain accumulation. Overall market structure and flows point to continued near-term bearish pressure unless inflows or strong bid-side demand reappear.