Ethereum price prediction: Bearish sentiment persists as ETH loses 85% value vs BTC
Ethereum struggles to break out as price remains stuck below $2,000.
Ethereum prices have been trapped in consolidation as it struggles to move closer to the $2,000 pivot level.
Despite multiple attempts over the past two days, price action has remained confined within a range of $1,960 and $1,840. With no clear breakout, traders are closely watching whether Ethereum can sustain upward momentum or succumb to further downside pressure.
Today, Thursday, March 13, Ethereum saw intraday swings of approximately 2% falling during the Asian session before recovering in the European session. By the North American session, ETH was trading near the day’s opening price around $1,990, reflecting a lack of significant net movement.
The price remains bound by the top resistance of the consolidation at $1,960, reinforced by the 100-period EMA on the 4-hour chart, while support stands firm at $1,840.
ETH/USD price dynamics (March 2025). Source: TradingView.
A decisive breakout from this consolidation range is key to determining Ethereum’s next move. A rally above resistance would set up a potential retest of the critical $2,000 pivot level. On the downside, a break below support could expose ETH to a retest of the recent floor at $1,755, aligning with the broader downtrend.
ETH/BTC ratio drops to oversold RSI condition, reflecting persistent weakness
The ETH/BTC pair also highlight Ethereum's struggles. The ETH/BTC relative strength index (RSI) on the weekly chart has dropped to an oversold level of 23.32, reflecting persistent weakness against Bitcoin. The pair has remained in a multi-year downtrend since peaking at $0.156 in June 2017, with Ethereum losing over 85% of its value relative to Bitcoin. This prolonged underperformance raises concerns about Ethereum's ability to regain strength unless market conditions shift significantly.
With Ethereum’s broader trend pointing downward and resistance levels capping upside attempts, the market sentiment points downward. A breakdown from current levels could accelerate selling pressure, while a sustained move above $2,000 would be needed to shift sentiment in favor of buyers.
Macroeconomic concerns triggered Ethereum’s 52.8% decline since December 2024. The price dropped to $1,755 before rebounding to $1,960, but bearish pressure kept ETH near $1,910.
