Ethereumthe second largest cryptocurrency by market capitalization is currently shaking at major technology levels. After peaking nearly $3,800 in May 2025, ETH Price It is steadily declining and is currently hovering around $2,260. Traders are wondering as bearish sentiment grows and key support levels are being tested. Ethereum prices will bounce back quicklyor a deeper drop on the horizon? The next few days are important for the medium-term direction of ETH.
Ethereum price forecast: Why are Ethereum prices falling?
eth/usd daily charts – TradingView
Ethereum prices are currently traded $2,262slightly recover after low $2,223 On your daily charts. Prices were on a clear downtrend after hitting local highs nearby $3,800 Early June. The fix follows a strong May rally and appears to be driven by the weaker markets now, the fear of ETF leaks and the recent DIP for Bitcoin is under $62,000.
What do you say about the chart?
I use the chart Hikin reed candlesmoothens the price action and makes trends more visual. For the past few days, Eth Price has printed a consistent red candle with little or no core on the top.
You can find multiple horizontal support levels drawn during that time $2,200, $2,000and $1,700. These levels are previous accumulation zones and Fibonacci retracement levels from the March-May gatherings. Currently, Ethereum prices are being tested 0.618 Fibonacci Levelsitting around $2,250– A strong historical support zone.
RSI refers to a sold condition, is that enough?
Relative Strength Index (RSI) Currently 34.98immerse yourself in the territory sold (less than 40). Historically, such low RSI levels often indicate potential bounces. However, the downward RSI trendline suggests that momentum is still bearish and there is no clear bullish divergence yet.
To visualize this:
If the RSI bounces off and breaks above 40,ETH prices are above $2,250it may cause a short-term relief rally $2,500-$2,600.
What are the next support and resistance?
- Immediate resistance: $2,300 and $2,480
- Immediate support: $2,200
- Key Support Zone: $2,000, then $1,700
If panic sales continue: ETH prices can even be revisited $1,450-$1,500which coincides with the 0.786 retracement of previous meetings.
Ethereum Price Prediction: How low will ETH prices be?
Let’s raise the final swing $3,840 And swing low $2,223 (Currently low daily candles):
- 0.618 Fibonacci Retracement = $2,270 (already under test)
- 0.786 Fibonacci = $1,750
- Complete retracement = $1,600~$1,450
If the market doesn’t hold it $2,200-$2,250 Zone, ETH can drop another twenty two% From here.
Will the reversal come soon?
Reversal is possible only If your ETH price daily candle exceeds $2,300 The RSI starts trending upwards. For now, the seller is in control, but is approaching fatigue levels. Bullish encircling candles with rising RSIs become reliable signals for short-term reversals.
Ethereum prices are currently in a fragile technical position. Support at $2,200 It’s important. A breakdown below this can cause a sudden drop, but strong bounces can push back ETH prices $2,500. Traders should be aware of RSI recovery, volume spikes, and BTC’s next move before taking the position. The next 3-5 days of Ethereum can define the Q3 trajectory.
How to buy Ethereum (eth) at Bitget?
Getting started with Ethereum with Bitet is quick and easy. Just follow these steps.
1. Create a BitGet Account
Sign up using this referral link to receive a welcome bonus.
https://partner.bitget.com/bg/cryptoticker
2. Complete Identity Verification (KYC)
Verify your identity and secure your account. Submit your ID document to complete the KYC process and unlock the full access.
3. Funding BitGet Wallet
Deposit money into your account using debit/credit cards, bank transfers, or cryptocurrency. Bitget offers several flexible funding methods.
4. Access the trading dashboard
Go to the trading section and search for ETH/USDT pairs. You can also enter “Ethereum” or “ETH” in the search bar.
5. Buy Ethereum (eth)
Enter the amount you want to purchase, confirm the transaction and confirm. Once done, your ETH will be added to your Bitget Wallet immediately.
$ethereum, $eth, $ethereumprice