Ethereum price prediction: Will wall of selling persist? ETH down 1.49%

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Ethereum slides 1.49% to $1,944 today

Highlights

Harvard's endowment shifted $86.8 million from Bitcoin ETFs into iShares Ethereum Trust, signaling institutional interest ahead of Ethereum upgrades.
Significant outflows hit major Ethereum ETFs, while Culper Research disclosed a short position citing concerns over staking yields and validator stability.
Ethereum faces sustained selling pressure, trading below key moving averages, with a projected range of $1,750 to $2,100 and bearish momentum dominating technical signals.

Institutional rotation and outflows as staking concerns intensify

On March 6, 2026, Harvard's endowment rotated $86.8 million from Bitcoin ETFs into the iShares Ethereum Trust, while large holders accumulated over 252,000 ETH in the lead-up to upcoming network upgrades. The 21Shares Ethereum ETF reported a $5.21 million outflow, representing about 27% of its assets, and the Bitwise Ethereum ETF recorded $3.58 million in outflows during the same period, accompanied by Culper Research disclosing a short position over concerns about staking yields and validator health. Pakistan introduced new licensing rules for crypto businesses under the Virtual Assets Act 2026. Cross-chain infrastructure connecting Ethereum to Binance Smart Chain and Solana also launched, expanding user access, though price action has remained under broader selling pressure.

Bearish momentum persists amid moderate volatility and oversold signals

Technically, momentum remains negative for ETH. The MACD is aligned with a strong sell bias, and the ADX points to a continuing bearish trend. The RSI stands at 44.08, which reflects underlying weakness but not oversold levels, while the Stochastic RSI and CCI indicate mainly neutral to slightly negative momentum. Bull/Bear Power remains deeply oversold, suggesting sellers dominate intraday activity. The session opened without significant gaps, but with the price now near the lower third of today’s range ($1,933.10 – $1,977.02), volatility has been moderate and pressure steady throughout the day.

Sideways-to-lower risk dominates absent breakout above resistance

In the near term, the volatility band is projected between $1,750 and $2,100 for the next five trading days. The probability of a price increase is assessed at less than 20%, with a sideways-to-lower continuation expected barring a technical breakout. A move above $2,000 – $2,100 would be required for a bullish scenario, while a drop below $1,750 is possible if negative momentum remains in force.

Anton Kharitonov, expert at Traders Union, sees persistent sell pressure dominating Ethereum despite institutional activity and new cross-chain launches. He believes negative technical momentum outweighs short-term bullish catalysts from Harvard’s rotation and infrastructure expansion. Kharitonov remains cautious as price stays below major MA levels and resistance is set at $1,999.50. "Until ETH reclaims the $2,000–$2,100 zone, risk remains skewed to the downside and I do not see a trigger for sustained upside."

Last time, analysts noted that Ethereum is exhibiting persistent bearish momentum, with the asset trading below all major moving averages and momentum indicators, including MACD and ADX, signaling strong selling pressure and downside risk. Key resistance levels remain overhead, while RSI readings signal further vulnerability, and the probability of a near-term upside reversal is low barring a decisive recovery above immediate resistance.

Source of Data: ETH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.