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COINTURK NEWS > Ethereum (ETH) > Ethereum Faces Critical Support Levels as Market Concerns Rise
Ethereum (ETH)

Ethereum Faces Critical Support Levels as Market Concerns Rise

In Brief

  • Ethereum's recent decline raises concerns about critical support levels.

  • Institutional selling and ETF inflows impact market sentiment negatively.

  • The upcoming Pectra upgrade may not resolve short-term uncertainties.

Fatih Uçar
Fatih Uçar 2 months ago
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Ethereum’s price has recently dropped by approximately 10%, testing critical support levels. This decline has resulted in a total decrease of 44% since the beginning of 2025. Experts caution that if the ETH price falls below significant technical levels, it could lead to even larger losses, prompting investors to closely monitor the market.

Contents
Critical Support Levels for Ethereum Under ScrutinyDecline in ETF Flows and Anticipated Updates

Critical Support Levels for Ethereum Under Scrutiny

Following the recent downturn, Ethereum $2,561 is currently testing a vital support level around $1,800. Technical analysts suggest there is a possibility of the price bouncing back from this level; however, if the support is broken, a greater selling pressure could ensue. Some analysts believe that if Ethereum drops below $1,000, the price could worst-case scenario fall to as low as $610.

The selling actions of large investors are also raising concerns in the market. Since the end of February, there has been a 63.8% decrease in large transactions, resulting in the sale of approximately 760,000 ETH. This trend indicates a withdrawal of institutional investors from the market, serving as a warning for smaller investors.

Decline in ETF Flows and Anticipated Updates

Interest in Ethereum-based ETFs has been significantly affected by the negative market sentiment. Net inflows into ETFs exceeded $3 billion in February but have now dropped below $2.5 billion. The decreased interest from institutional investors is slowing new investment inflows, adding additional pressure on prices.

Meanwhile, the Pectra upgrade, expected to enhance the Ethereum network’s performance and user experience, is set to be implemented on April 30, 2025. Experts believe the upgrade could have positive effects, but market uncertainty may persist in the short term. Additionally, the lack of innovations in the Web3 space is cited as another key factor contributing to the decline in Ethereum’s price.

If Ethereum manages to maintain its current price levels, a market recovery is anticipated; otherwise, deeper corrections could occur. It is emphasized that investors should remain cautious and closely monitor market movements.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 2 April, 2025 - 6:39 pm 2 April, 2025 - 6:39 pm
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