Ethereum price drops below $2,000 as RSI turns oversold, eyes $1,755 support
The decline pushed ETH to a 10-day low near $1,900
Ethereum price movement has lost its footing above the critical $2,000 psychological level, breaking out of its recent bullish channel and sliding over 4% in today’s Asian session. The decline pushed ETH to a 10-day low near $1,900 as buyers failed to defend key support.
The breakdown follows a broader trend of declining retail interest. Google Trends data indicates that Ethereum sentiment is significantly lower than its 2017 and 2021 peaks, suggesting many smaller investors remain on the sidelines. Historically, such a weak sentiment has created accumulation opportunities for institutional investors looking to position themselves ahead of the next major price move.
XRP price dynamics (March 2025). Source: Google Trend Data
ETH price loses bullish structure while staking ETF speculation builds
Ethereum’s four-hour RSI has now dropped into oversold territory, highlighting the strength of the recent selling pressure. If the downward move continues, ETH could test the two-year low at $1,755, a critical support level that may determine the next phase of price action.
Despite the current weakness, some analysts see potential catalysts that could shift momentum. Crypto analyst Ted notes that the potential approval of an Ethereum ETF focused on staking and the upcoming Pectra update could trigger renewed buying interest. If institutional demand increases, Ethereum may regain strength and reclaim lost ground.
For now, traders are watching whether ETH can stabilize around $1,900 or if selling pressure will push the price closer to $1,755. The coming sessions will be key in determining whether Ethereum can regain its footing or extend its decline further.
Ethereum’s rally from $1,760 in March stalled at $2,100, triggering a pullback to the $2,000 support. The 4-hour RSI turned bearish, signaling weaker momentum and a risk of further declines.
