Ethereum price prediction: Will $1,691 support hold as ETH slides 4.02%?

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Ethereum slides 4.02% to $1,798.58 today

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Sholanke Dele

9 hours ago

Ethereum price prediction: Will $1,691 support hold as ETH slides 4.02%? — Ethereum slides 4.02% to $1,798.58 today

Ethereum (ETH) is trading at $1,798.58 after declining 4.02% on the day, with the price remaining below its key moving averages.

ETH price prediction

24H 1.62%

$1802.17

48H 1.93%

$1807.63

7D -11.96%

$1561.35

1M -13.66%

$1531.26

3M 105.41%

$3642.97

6M 123.58%

$3965.11

12M 71.32%

$3038.37

Detailed

Current price: $ 1773.49 -66.74 3.63%

Real-time Data 16:11

Daily range 1721.5

1819.94

Weekly range 1769.62

2046.59

Highlights

Long-term Ethereum holders are increasing spot sales, intensifying supply pressure in a low-liquidity environment as institutional demand wanes.
U.S. spot Ethereum ETFs saw sixteen days of consecutive outflows, coinciding with $8.86 billion in large-holder unrealized losses and regulatory uncertainty.
ETH trades below key moving averages with persistent bearish signals, forecasting a high-probability range of $1,691 to $1,905 and further downside risk.

Accelerated selling and ETF outflows add to regulatory uncertainty

Long-term holders of Ethereum have accelerated distributions and spot selling, resulting in increased supply pressures alongside an unfavorable liquidity environment. U.S. spot Ethereum ETFs have recorded sixteen consecutive days of net outflows, indicating sustained institutional withdrawal and dampening overall market demand. In addition, BitMine Immersion Technologies’ updated treasury data revealed over 5.4 million ETH held and $8.86 billion in unrealized losses, signaling pronounced stress among major holders, while the SEC’s newly released 2026–2030 draft strategic plan places digital assets like Ethereum at the center of regulatory attention, adding a layer of uncertainty to the outlook.

Downside momentum builds as ETH breaches multiple technical levels

On the hourly chart, ETH/USD is trading below the MA-20 at $1,824.95 and MA-50 at $1,880.38, as well as beneath the daily MA-200 at $2,479.39. The Ichimoku Kijun on the D1 timeframe stands at $1,807.29 and is serving as immediate resistance. Among momentum indicators, the MACD gives a Strong Sell signal and the ADX also signals Sell. RSI is at 40.89 (Sell), CCI also reflects a Sell bias, and BBP is in an Oversold condition. Stoch RSI and Awesome Oscillator are both Neutral, showing limited attempts to stabilize amid prevailing downside momentum.

Downtrend risk intensifies amid limited upside triggers

Over the next two to three trading days, ETH is forecast to trade within a typical volatility range of $1,691.31 to $1,905.85. The probability of a significant upward move is very low, while the likelihood of a continued decline remains high, with little prospect of a near-term reversal. The base case is for consolidation between immediate support and resistance, though a fresh bearish scenario could develop if support near $1,691 is breached, whereas a bullish outcome would require a decisive break above immediate resistance.

Viktoras Karapetjanc, expert at Traders Union, sees fundamental and sentiment pressures dominating Ethereum’s outlook. He notes that institutional and long-term holder withdrawals are weighing on demand, with ongoing ETF outflows adding to the negative tone. Regulatory uncertainty in the U.S. also clouds the market view, despite rising interest around digital assets. Technically, ETH remains under key averages, and buyers lack clear momentum. "Further downside is likely in the short term, but I’ll watch for signs of renewed inflows or regulatory clarity to signal stabilization."

Earlier, analysts noted that Ethereum was under sustained bearish pressure due to weak technical signals and heightened regulatory uncertainty. The latest shifts in institutional flows and mounting stress among major holders further reinforce the bearish outlook, making a decisive break below the $1,691 support level a potential trigger for accelerated downside in the days ahead.

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.