What’s Ethereum’s Next Move After $1,500?
Is this the worst ETH Q1 ever?
Ethereum (ETH) is reeling from a sharp 14% drop in the past 24 hours, now trading just above the crucial $1,500 mark. This decline comes amid broader market turbulence sparked by President Trump’s aggressive trade policies, leaving ETH investors anxious and markets rattled.
Technical indicators paint a bleak short-term picture. ETH is now trading below both its 200-day moving average ($2,500) and exponential moving average ($2,250), signaling a clear break in trend. The Relative Strength Index (RSI) has dropped to 27, entering oversold territory, typically suggesting a potential rebound. However, experts caution that prolonged bearish momentum could keep RSI suppressed for longer.
Adding to bearish sentiment, the MACD has confirmed a bearish crossover, signaling further downside risk. Should ETH lose the $1,500 support, the next key levels lie at $1,420 and $1,350. On the upside, resistance is expected at $1,600, $1,675, and $1,710.
Read Ethereum Price Prediction For More Detailed Insights
Ethereum’s Q1 performance adds context to its current woes. The asset plunged 44.83% versus Bitcoin’s 14.67% decline, highlighting a significant confidence gap. Traders seem to be rotating capital into Bitcoin — seen as a safer hedge in times of macro uncertainty.
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Exchange reserve data from CryptoQuant shows ETH balances on centralized exchanges falling to 18.4 million — the lowest in over three years. While typically a bullish sign due to reduced sell pressure, this trend is now interpreted differently. The price drop suggests a broader investor retreat, with many shifting toward passive strategies like staking, or even exiting altogether.
For now, the $1,500 support level is under the spotlight. A break below it could accelerate further losses. Ethereum’s short-term recovery depends heavily on market sentiment and a broader return of investor confidence.