Ethereum Price Set to Dump to $1,500 Next – Buy the Dip?
Ethereum’s TVL drops—should investors worry?
Ethereum has shown signs of recovery after forming a base above $1,750, but it still faces resistance at critical levels. Here’s a detailed breakdown of ETH’s current price action, key resistance and support levels, and market trends.
Ethereum Price Overview
ETH bounced from the $1,750 support and cleared the $1,800 and $1,820 resistance levels.
The price briefly moved above $1,880 but struggled at the $1,920 resistance.
Ethereum is trading below $1,950 and the 100-hourly Simple Moving Average.
A short-term bearish trend line is forming resistance at $1,920.
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Key Resistance Levels
$1,920: Immediate resistance where bears are active.
$1,950: Aligns with the 50% Fib retracement level of the $2,150 to $1,752 drop.
$2,000: Major resistance; a break above could push ETH higher.
$2,060 and $2,120: Further resistance levels; a breakout could lead to $2,250.
On-Chain Data Insights
ETH fell below its realized price of $2,054, indicating widespread unrealized losses.
The market value to realized value (MVRV) ratio dropped to 0.93, signaling an average 7% loss for ETH holders.
Ethereum’s Total Value Locked (TVL) declined to a six-month low of $45.6 billion, down 41% from its peak of $77 billion in December 2024.
Network activity is weakening, with transaction fees dropping to $46.28 million, the lowest since July 2020.
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Market Outlook and Key Price Ranges
Analysts suggest Ethereum’s $1,600–$1,900 range is an attractive accumulation zone for institutional investors.
If ETH consolidates above $1,900, it could push toward $2,200 in the short term.
Long-term price targets remain at $2,500 if bullish momentum returns.
Ethereum’s next move will depend on whether it can break key resistance levels or faces further declines. Traders should watch the $1,920 and $1,800 levels closely in the coming sessions.