
{"id":59630,"date":"2025-04-16T09:20:11","date_gmt":"2025-04-16T09:20:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=59630"},"modified":"2025-04-16T09:20:11","modified_gmt":"2025-04-16T09:20:11","slug":"ethereum-price-analysis-losing-this-support-could-mean-drop-to-1-1k","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=59630","title":{"rendered":"Ethereum Price Analysis: Losing This Support Could Mean Drop to $1.1K"},"content":{"rendered":"<p>Ethereum\u2019s downtrend has paused at the critical $1.5K support zone. While this level may continue to provide short-term stability, a breakdown below it could initiate a sharp decline toward the $1K region.<\/p>\n<h2>Technical Analysis<\/h2>\n<p>By <a href=\"https:\/\/www.linkedin.com\/in\/shayan-navabi-522107248\/\" target=\"_blank\" rel=\"noopener\">Shayan<\/a><\/p>\n<h3>The Daily Chart<\/h3>\n<p>ETH\u2019s strong bearish momentum has been temporarily paused at the critical $1.5K support zone, resulting in a phase of sideways consolidation with mild volatility. This area has historically acted as a major support and holds psychological significance for market participants.<\/p>\n<p>However, the recent formation of a death cross, where the 50-day MA crosses below the 200-day MA, reinforces the prevailing bearish sentiment. If the $1.5K level fails to hold, Ethereum will likely experience a sharp decline, with the $1.1K zone being the next significant target.<a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/ETH-D-2-scaled.jpg\"><\/a><\/p>\n<h3>The 4-Hour Chart<\/h3>\n<p>On the lower timeframe, ETH continues to trade within a descending price channel, fluctuating between its upper and lower boundaries. The price recently bounced from the channel\u2019s lower trendline, triggering a short-term bullish correction.<\/p>\n<p>Yet, Ethereum has now approached the upper boundary of the channel near the $1.7K level, facing mild rejection. With overall market activity remaining subdued, any resurgence in selling pressure could invalidate the correction and lead to a fresh downward movement, potentially breaching the $1.5K support and targeting the $1K level in the medium term.<a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/ETH-4H-2-scaled.jpg\"><\/a><\/p>\n<h2>Onchain Analysis<\/h2>\n<p>By <a href=\"https:\/\/www.linkedin.com\/in\/shayan-navabi-522107248\/\" target=\"_blank\" rel=\"noopener\">Shayan<\/a><\/p>\n<p>The Binance liquidation heatmap offers valuable insights into potential price targets, as liquidity zones often serve as magnets for market movements. Ethereum\u2019s recent consolidation phase has resulted in a significant cluster of liquidation levels just below the $1.5K support zone.<\/p>\n<p>These levels, tied to long-position liquidations, are particularly appealing targets for institutional sellers and bearish traders. Should renewed selling pressure drive the price into this liquidity pocket, a wave of long liquidations could be triggered, potentially amplifying the downward momentum and pushing ETH toward the $1K threshold.<a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/Binance_ETH_USDT_Liquidation_Heatmap1_month_2025_04_16_10_41_24-scaled.jpg\"><\/a><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/ethereum-price-analysis-losing-this-support-could-mean-drop-to-1-1k\/\">Ethereum Price Analysis: Losing This Support Could Mean Drop to $1.1K<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Ethereum\u2019s downtrend has paused at the critical $1.5K support zone. While this level may continue to provide short-term stability, a breakdown below it could initiate a sharp decline toward the $1K region. Technical Analysis By Shayan The Daily Chart ETH\u2019s strong bearish momentum has been temporarily paused at the critical $1.5K support zone, resulting in [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":59631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-59630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/59630"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59630"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/59630\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/59631"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}