Ethereum news: Bearish pressure persists amid weak institutional sentiment
ETH trades near $1,910
Ethereum price struggles below the $2,000 mark continues, as market pressures pushed the second-largest cryptocurrency to fresh lows. The price recently dropped to $1,755 before rebounding to $1,960, but bearish sentiment remains dominant as ETH trades near $1,910 in the North American session. With 53% of Ethereum addresses now in loss, the broader market outlook suggests further downside risk.
The recent sell-off was driven by macroeconomic concerns and rising recession fears, which have put pressure on risk assets. Ethereum’s decline over the past year, amounting to a 52.8% drop since December 2024, reflects this challenging environment. Large-scale liquidations among Ethereum whales have exacerbated the downturn, as investors offload holdings to mitigate risk. Additionally, Ethereum ETFs have recorded consistent outflows, with $21.5 million withdrawn over the past two weeks, reinforcing weak institutional sentiment.
Ethereum price dynamics (Feb 2025 - March 2025). Source: TradingView.
ETH RSI stuck in bearish territory as price remains stuck below $2,000 threshold
From a technical perspective, Ethereum remains in bearish territory. The price found support at $1,755 but struggled to sustain gains above $1,960, a key resistance level that previously capped gains. While the Relative Strength Index (RSI) is still not in oversold territory, it suggests room for further downside movement. The lack of strong buying momentum at key levels raises concerns about ETH’s ability to hold its recent rebound.
Sentiment around Ethereum remains fragile, given the persistent market volatility. The combination of whale sell-offs, ETF outflows, and broader economic concerns adds to bearish pressures. However, a contrarian view suggests that if ETH holds above $1,755 and breaks past $1,960, it could attempt to reclaim the $2,000 threshold, potentially reversing short-term bearish momentum.
Looking ahead, Ethereum’s price action will largely depend on macroeconomic conditions and institutional interest. If selling pressure continues, a retest of the $1,755 support level remains a strong possibility. However, a break above $1,960 could open the door for a move toward $2,000, though sustained gains would require a shift in broader market sentiment.
Ethereum dropped 6% before rebounding as buyers stepped in during the European session. The recovery aligned with oversold RSI conditions, but momentum faded near $1,915.
