- Ethereum holds above $1,800 despite 44% YTD loss and whale selloff of 500K ETH.
- ETH/BTC ratio hits 5-year low as ETH dominance drops to 8% from 20%.
- Analysts eye $4,000 target if ETH breaks $2,100; support seen at $1,650.
Despite the heavy correction in the US stock market over the last two days, Ethereum’s price has remained firm while holding the crucial support of $1,800. Several market analysts believe that the bottom is in, and the possibility of further ETH downside remains limited.
ETH Defends Crucial Support Amid Broader Market Decline
Ethereum remained above the $1,800 mark even when financial markets experienced a substantial plunge. In the last 48 hours as equities faced intensified selling pressure Ethereum preserved its structure which gave investors who monitor for trend reversals some relief. The digital asset, which has lost 44 percent of its value in 2025, is now viewed by several market analysts as undervalued.
According to analysts tracking market momentum, Ethereum appears to have entered a zone of potential price recovery. The current level marks a historically strong support zone, often linked with earlier bullish reversals. Despite broader uncertainty, technical indicators suggest a limited downside risk in the near term, with many forecasting a possible rally.
Market Dominance Shrinks but Technical Signals Improve
Ethereum market dominance dropped from 20 percent to just 8 percent by June 2023. Altcoins have hit their lowest valuation in multiple years which demonstrates their ongoing challenge to match Bitcoin’s performance. However, analysts believe the decline in dominance could signal a bottoming process, particularly since similar dips in the past preceded sharp recoveries.
Crypto analyst Rekt Capital pointed out that the current dominance level falls within a historical reversal zone. Meanwhile, technical analyst Javon Marks identified a bullish divergence on Ethereum’s daily chart, indicating a possible shift in momentum. The divergence happens when price trends downward as indicators show upward movement which suggests that bearish pressure is diminishing.
According to Marks Ethereum has the potential to reach the $4,000 level but must first overcome important resistance barriers with enough trading activity. ETH needs to surpass the $2,100 level to progress in this scenario because that price remains a substantial obstacle. Ethereum’s price should remain above $1,650 during the short-term period. Should the bullish setup not hold, Ethereum price may approach the $1,500 mark but this outcome is still unlikely.
Whale Activity Adds Short-Term Pressure
The financial market climate shows caution in optimism yet large holder sales maintain worrisome trends. According to data from Santiment which analyst Ali Martinez referenced, whales sold approximately 500,000 ETH during the past two days. Current selling activity could mitigate short-term earnings despite positive indicators for the long-term market outlook.
The ETH to BTC ratio has reached its lowest mark in almost half a decade which demonstrates Ethereum’s current challenges when compared to Bitcoin. Many investors view current ETH levels as an optimal entry point due to favorable risk-reward conditions. Upside projections range between 100 to 250 percent, according to analysts tracking long-term performance patterns.
