The Ethereum price has plunged over 55% from its December 2024 high, reflecting the intense volatility shaking the crypto markets amid escalating global uncertainty. ETH is now trading below $1,800, testing a crucial support zone as investors weigh bearish sentiment, macroeconomic pressures, and potential signs of a long-term bottom.
💥 Ethereum Price Crashes Amid Global Market Chaos
High-volatility assets like Ethereum have taken a beating in 2025, and much of the downward pressure can be traced to U.S. President Donald Trump’s aggressive tariff policies, which have triggered a wave of risk-off sentiment across global financial markets. The result? A sharp sell-off in equities, commodities — and now, crypto.
The Ethereum price collapse mirrors this broader weakness. Since losing key support at $2,500 in February, ETH has steadily declined, with buyers unable to halt the bleeding. The current zone near $1,750–$1,800 is widely viewed by analysts as the last line of defense before deeper losses ensue.
📉 Ethereum Trades Below Key Technical Indicators
As of now, Ethereum is trading below both the 200-day moving average (~$2,500) and the exponential moving average (~$2,250) — two critical technical levels that are now acting as overhead resistance. ETH is also nearing its lowest weekly close since October 2023, further signaling the intensity of the ongoing correction.
If the Ethereum price breaks below the $1,800 level, analysts warn of a potential slide toward $1,600 or lower, especially if market sentiment continues to deteriorate.
🧊 Exchange Supply Hits Multi-Year Low: A Bullish Signal?
Despite the grim short-term outlook, there’s a silver lining. According to on-chain data from CryptoQuant, the supply of Ethereum on centralized exchanges has been steadily declining since 2022. This trend suggests that long-term holders are moving ETH into cold storage, reducing the available sell-side supply — a potential catalyst for a future price rally.
“We’re seeing the lowest exchange supply in years. Historically, this precedes major bullish moves once demand picks up,” said top crypto analyst Quinten Francois on X (formerly Twitter).
If investor demand returns and macro conditions stabilize, the low Ethereum exchange supply could ignite a powerful rebound — though the timing remains uncertain.
🛑 Ethereum Price Must Hold $1,800 to Avoid Deeper Losses
For the Ethereum price to stabilize, bulls must defend the $1,750–$1,800 support zone. If this level holds, it may provide a launchpad for ETH to reclaim the $2,000 mark — a key psychological barrier and technical resistance.
However, failure to hold this level could trigger further downside, erasing hopes of a near-term recovery. Momentum remains weak, and bullish attempts to bounce have been short-lived amid broader macroeconomic instability.
📊 Ethereum Price Outlook: Bearish Now, Bullish Later?
While the short-term Ethereum price action remains bearish, several long-term signals point to a potentially brighter future:
- Exchange supply is dropping, reducing selling pressure
- Institutional interest in ETH continues to grow slowly
- Ethereum’s Layer 2 adoption is increasing, strengthening network fundamentals
For now, traders and investors are closely watching the $1,800 level. A break below could accelerate the decline, but a strong defense might signal a turning point in the trend.
