Ethereum price slides 17% to three-week low as macro risks mount
Ethereum tumbles 17% as selling pressure intensifies, testing $2,333.
Ethereum price action has taken a sharp downturn early this week, breaking out of a two-week consolidation and falling over 17% since the week began.
As of Tuesday, February 25, Ethereum decline was extended by 6% during the European session, reaching a three-week low near $2,333.
However, the market has since seen a partial recovery, with ETH rebounding approximately 4% to trade near $2,400. Despite the short-term recovery, the downtrend remains intact, with Ethereum’s RSI on the daily chart still in bearish territory but not yet in the oversold zone.
Ethereum price dynamics (Feb 2025). Source: TradingView
Ethereum price outlook: ETH risks further losses toward $2,200 amid selling pressure
Historically, February used to be a bullish month for ETH, with only one losing year recorded in 2018, but this year has deviated from the norm due to mounting macroeconomic pressures. Several fundamental factors which have contributed to Ethereum’s sharp decline include the announcement of new U.S. tariffs under President Donald Trump. This has fueled concerns about tighter economic conditions, pressuring traditional markets and risk assets like crypto. As a result, ETH has fallen below the $2,400 mark, a key psychological level.
Additionally, a recent security breach on the Bybit exchange, which led to the theft of $1.4 billion in crypto (mostly ETH) has further weighed on market sentiment. This security lapse has heightened investor anxiety, contributing to the selling pressure.
A continuation of this downward momentum could push Ethereum toward its early February low near $2,200. On the upside, ETH now faces immediate resistance at $2,450, a level that could determine whether the asset stabilizes or extends its losses.
Looking ahead, Ethereum’s price movement will depend on whether it can reclaim key resistance levels or if selling pressure persists. A move above $2,450 could open the door for further gains, while failure to hold current levels could reinforce bearish sentiment and drive ETH toward the earlier low in February near $2,200.
Ethereum faced a 4% drop pushing key indicators into bearish territory. A brief rebound was driven by Bybit’s aggressive ETH purchases to cover a security breach shortfall.
