Ethereum Plunges to $4,081: Here’s Why Bears Are Dominating the Market
Ethereum gets mauled as bearish momentum crushes prices to $4,081—a brutal wake-up call for crypto optimists.
Market Mechanics Turn Hostile
Whale dumping intensified the sell-off, triggering cascading liquidations across leveraged positions. Trading volume spiked 40% as panic set in—classic fear-driven capitulation.
Technical Breakdown Accelerates
Key support levels shattered like glass. The $4,200 floor? Gone. The 50-day moving average? Sliced through like butter. Bears aren't just testing momentum—they're rewriting the playbook.
Macro Winds Shift Against Crypto
Regulatory whispers and traditional finance's cold feet aren't helping. Meanwhile, Wall Street fund managers suddenly 'discover' volatility—right after collecting their fat management fees, of course.
This isn't a dip—it's a statement. And until bulls reclaim $4,500, the throne belongs to the bears.
Why Ethereum Price Is At Risk
In an update to a previous analysis, Klejdi Cuni has forecasted a further decline for the Ethereum price, with bearish indicators being more prominent. The previous prediction, shared over the weekend, pointed out that the ethereum price had been breaking down from a bearish triangle pattern. This had suggested a further move toward the $4,300 territory.
True to the forecast, the Ethereum price did indeed fall back, breaking below $4,300 briefly before bouncing again. This comes after the price broke down below the support at $4,490, putting the bears in charge of the Ethereum price once again. With the first part of the forecast fulfilled, then ETH could play out the full prediction from here.
The crypto analyst had previously revealed that he expected the ethereum price to suffer further drops; first to $4,335, then to $4,215, before finally landing at $4,081. This prediction was reiterated in the updated analysis, showing where the price could be headed next.
Next on the list for the cryptocurrency is to test the resistance zone around $4,500. This has previously been a level at which the price was beaten back down, suggesting that a similar trend could play out. If the price does get rejected here, then it could signal a continuation of the bearish trend.
The analysis also ties in the performance of the Bitcoin price, which has continued to drive the entire market. So far, the Ethereum price has performed better during the recent market crash. However, if the Bitcoin price were to continue its decline, then the Ethereum price is likely to follow in the same direction. Add in the fact that the situation around the US dollar remains unclear, and the analyst sees a lot of risk during this time.
There is also the possibility of the Ethereum price turning toward the positive once again. This has to do with the resistance at $4,650, serving as a make-or-break level. If the price is rejected from here, then it could mean more declines. However, if ETH bulls are able to reclaim it with strength, then it could serve as a bounce-off point for the next rally.