Ethereum price analysis: ETH/USD at risk of further sell-off

ETH/USD is sidelined amid directionless trading.
Lack of recovery momentum is a bad sign for ETH bulls.

Tanya Abrosimova Independent Analyst

Ethereum, the second largest coin by market value, is changing hands at $207.44, down 0.7% in recent 24 hours. ETH/USD is blocked in a claustraphobic range just as all other major altcoins out of top-10. Ethereum’s current market value is $21.3B, while the average daily trading reduced to $1.3B from $1.4B on Wednesday.

Ethereum’s technical picture

While ETH/USD stays above critical $200, failure to extend the recovery towards recent high at $230 might mean trouble for Ethereum. Currently the market is gripped with indecisoin, which leads to low trading activity and non-existant volatility. As seen on the charts, momentum disappeared long ago, while the Relative Strength Index (RSI) stays around 50, which confirms the rangebount conditions. The local resistance is produced by SMA200 (4-hour chart) at $219. Once it is out of the way, the recovery may be extended towards $227-$232 congestion zone.

On the downside, the local support comes at $205, created by SMA50 (4-hour) and followed by psychological $200. A sustainable movement below this level will trigger more sell-off towards $186 (October 11 low).

ETH/USD, 4-hour chart

Get 24/7 Crypto updates in our social media channels: Give us a follow at FXStreet Crypto Trading Telegram channel

Author

Tanya Abrosimova

Independent Analyst

Hyperliquid Price Forecast: HYPE rises on commodities demand amid US-Iran war

Hyperliquid (HYPE) steadies above $33 at press time on Tuesday, marking its fourth consecutive day of recovery in a broadly volatile market due to the ongoing US-Israel strikes on Iran.

Stellar Price Forecast: XLM risks deeper losses as derivatives metrics turn negative

Stellar is trading red below $0.16 at the time of writing, after a slight recovery the previous day. Weakening derivatives data caps the recovery, while an unfavorable technical outlook projects a deeper correction for the XLM token in the upcoming days.

Aave Price Forecast: AAVE tests channel resistance as ParaFi Capital deposit, bearish derivatives data caps upside

Aave (AAVE) trades around $120 on Tuesday, testing the channel resistance, signaling that sellers remain active in the zone. Lookonchain data shows that ParaFi Capital transferred 42,000 AAVE tokens to Coinbase Prime over the past 10 hours, often interpreted as a potential selling signal.

CME Group's futures suite now covers over 75% of total crypto market cap

CME Group announced that its crypto futures offering now covers over 75% of the total digital asset market cap, following the launch of its Cardano (ADA), Chainlink (LINK) and Stellar (XLM) products.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.