Ethereum is trading below the $1,900 level, facing ongoing selling pressure as the broader crypto market continues to weaken. After a sharp rejection from the $2,500 mark in late February, bulls have failed to regain momentum, and ETH has steadily declined — disappointing many investors who entered the year with high expectations for a bullish trend. The loss of key support levels has further damaged sentiment, and Ethereum’s price action remains bearish in the short term. Related Reading: Bitcoin Rejected At Descending Resistance Again – Is $78,600 Still In Play? Despite the negative outlook, there are signs of accumulation beneath the surface. According to data from IntoTheBlock, Ethereum whales are buying the dip. The largest ETH wallets added over 130,000 ETH to their holdings just yesterday — a move that suggests confidence from long-term players even as retail sentiment wavers. This accumulation could signal a shift in momentum if sustained, especially if whales continue to absorb supply while prices remain low. However, for any real recovery to take hold, Ethereum must reclaim critical resistance levels and show stronger buying activity across the board. For now, the market remains under pressure, but whale behavior could offer a hint of what’s to come once the current downtrend begins to ease. Ethereum Big Players Buy Amid Market Uncertainty Ethereum is currently down 55% from its December high, reflecting the broader pain across the crypto market. The selloff has been fueled in large part by rising macroeconomic uncertainty, with U.S. President Donald Trump’s aggressive trade policies and unpredictable tariff announcements adding to global financial instability. As traditional markets struggle to find footing, high-risk assets like Ethereum have been among the hardest hit. Bulls are having a difficult time defending key support levels, and price action suggests the downtrend may continue in the short term. With Ethereum trading well below the $1,900 mark and no clear signs of bullish momentum, the outlook remains fragile. Still, not all signals are bearish. According to data from IntoTheBlock, Ethereum whales appear to be accumulating. On a single day, the largest ETH wallets added over 130,000 ETH to their holdings — a move that suggests quiet confidence among major players. This level of accumulation, especially during periods of fear and weakness, often hints at a long-term bullish outlook. While price continues to trend lower, the behavior of these large holders adds to the speculative environment, signaling that some investors may be positioning early for a potential surge. If macro conditions begin to stabilize or sentiment shifts, Ethereum could benefit from this quiet accumulation phase — but for now, the market remains in correction mode. Related Reading: SUI Forms Inverse Head And Shoulders – Can Bulls Break Above $2.52? Technical Analysis: ETH Bulls Defend Critical Support Ethereum is trading at $1,830 following a wave of heavy selling pressure that pushed the price sharply below the key $2,000 level. Panic selling has gripped the market, with bulls struggling to regain control amid a broader downturn across the crypto space. The breakdown below $2,000 marked a significant shift in sentiment, turning what was once viewed as a consolidation phase into a deeper correction. At this stage, bulls must hold the $1,800 support level — a critical threshold that, if lost, could lead to a further decline toward $1,750 or lower. Holding above $1,800 would allow for stabilization and the chance to build a foundation for recovery. However, to signal a meaningful reversal, Ethereum needs to reclaim the $2,100 level, which now acts as short-term resistance. Related Reading: Chainlink Consolidates In Triangle Pattern – Is A 35% Breakout Imminent? Only a decisive push above that mark would confirm renewed strength and potentially reestablish bullish momentum. Until then, ETH remains vulnerable to further downside. With broader market conditions still uncertain, Ethereum’s next move around these support levels will be crucial in determining whether it can recover in the near term or slide deeper into correction territory. Featured image from Dall-E, chart from TradingView
