Ethereum faces downward pressure: Will re -test $ 1542?

With Bitcoin’s interruption for a moment of $ 85,000, Ethereum returned to less than $ 1900. Currently, the special code shall be traded at a market price of $ 1,889, with its lowest level in $ 1861.

Create a fourth row in a row, warns to fall in PRICE ETAREUM of an extended correction. Will this re -test 1542 dollars? Let’s discover.

Ethereum prices analysis

In the daily chart, the ETH price is offered an upward failure to maintain a short -term recovery. Recorfall Rsperval Record Record Recovery is re -operating the upper display area near the $ 2000 brand before taking a declining shift.

With the presence of four consecutive dumping candles starting from the evening start pattern, ETH returned to $ 1,800. Currently, the decline during the day creates a 5.79 % candle sunken in the candle and undermines the prevailing recovery.

Since the declining trend acquires the momentum, the ETH price is likely to collapse to less than the lowest level of $ 1867. The declining shift reflects an upward failure to maintain the EMA line for 20 days.

Moreover, the sudden shift warned of the potential landing of MACD and signal lines. Thus, technical indicators maintain a declining point of view.

Institutions do not show any sign of support

Despite many bullish indicators, the institutional support for Ethereum has not yet been achieved. Since March 5, ETH ETFS has not recorded any flows, except for one day on March 4, when they saw a $ 14.58 million flow.

Ethereum ETF ($ 1 million)-2025-03-27

Total net flow: -4.2

Etha: 0
Feith: -2
Ethw: 0
CETH: 0
ethv: -2.2
Qeth: 0
EZET: 0
Ethe: 0
Eth: 0

For all data and evacuation of responsibility, visit:https://t.co/fppguawathd

– Farside Investors (Farseduk) March 28, 2025

On March 27, Ethereum Etfs witnessed Net flow From $ 4.22 million, driven by $ 2.21 million from one source and $ 2.01 million from Fidelity. As of March 27, the cumulative net flow of ETAREUM qualifiers remains at $ 2.40 billion.

Ethereum price goals

Based on the daily price scheme, the sudden fall despite the decrease in institutional support warns of an extended correction. ETH’s immediate support level is less than $ 1867 at the horizontal level of $ 1542.

This highlights negative risks by approximately 18 %. However, in the case of upward return, the ETH price is likely to return the public supply area near the psychological brand $ 2000.

Also read: Recovery Shiba Inu 35 % strikes an obstacle: Will it be supported by $ 0.000010?

Written by Sahil Mahedik

As a full -time trading with more than three years of practical experience in financial markets, exceptional efficiency in technical analysis, which is the cornerstone of the daily monitors of price fluctuations in the leading assets and indicators. My journey started to circulate with a deep charm of financial tools, and this curiosity is naturally expanded in the world of sophisticated cryptocurrencies. I am currently contributing to Cryptonewsz, and I have also written for Coingaape, Coin Republic and Therkarketperodical. I am driven by the market and I want to explore new opportunities. I analyze the emerging trends and strategies to obtain the maximum returns in the traditional coding markets.