ETH Bears Target Lower Lows Amid Market-Wide Crypto Selloff

[madtrader]

Ether’s slump mirrors broader crypto market losses: Bitcoin is down 21%, XRP over 21%, and Solana 29% over the past week, dragging total crypto capitalization down 20% to $2.23 trillion.

Technical analysts point to potential ETH downside targets of $1,500, $1,300, and $1,000, supported by liquidation zones and on-chain metrics. Inverse chart patterns and MVRV indicators also suggest lower levels could be tested before buyers step in.

With the lack of previous trading volume below $1,900, Ether could face extended pressure until these key support levels are reached.

[bonk]

eth dragging with btc and sol is brutal, total crypto market losing $2.23T in a week is wild