Ethereum price prediction: ETH rebounds over 6% after recession triggered sell-off
Ethereum rebounds 10% from 4-month low amid volatile trading session.
Ethereum price experienced a volatile trading session during Tuesday Asian session, initially dropping 6% to hit a low of $1,756, its weakest level since November 2023.
However, a sharp recovery followed, with the price surging back to $1,930 during the European session, erasing earlier losses and posting a 2.5% intraday gain.
The bounce from $1,756 coincided with oversold conditions on the 4-hour RSI, which quickly shifted to bearish territory as Ethereum reclaimed higher levels. This transition suggests that sellers may attempt to regain control if the recovery loses steam. By the North American session, Ethereum was trading near $1,915, retracing closer to the $1,900 support level.
Ethereum price dynamics (Feb 2025 - March 2025). Source: TradingView.
The U.S. economic slowdown has played a role in Ethereum’s price swings. Concerns escalated after President Donald Trump declined to dismiss the possibility of a recession. The uncertainty rattled financial markets, wiping over a trillion dollars from global valuations. The crypto market, closely tied to risk sentiment, also saw a 4% decline in total market capitalization before stabilizing near $2.7 trillion.
4-hour RSI shift from oversold as Ethereum hold above $1,900
Looking ahead, Ethereum’s near-term outlook hinges on its ability to hold above $1,900. A break below this level could reintroduce selling pressure, potentially retesting the $1,850–$1,800 range. On the upside, a sustained push above $1,930 could open the door for a move toward $1,975, where stronger resistance is expected.
Traders will be watching for any fresh macroeconomic developments that could influence risk appetite. With economic concerns weighing on investor sentiment, Ethereum’s price action remains highly reactive to broader market shifts.
Uncertainty over Trump’s Strategic Crypto Reserve order triggered a market-wide selloff. The price briefly recovered 7% to $2,161 before pulling back to $2,085.
