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.
Critical Support Levels for Ethereum Under Scrutiny
Following the recent downturn, Ethereum 
$2,294 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.
