Ethereum (ETH) Price Sanks Near July Lows, Bleeds Near $2,300

The week begins in red and there is no stoppage for the sellers till now. Ethereum (ETH) trades at $2,337.04, down 9% on Saturday. The previous day witnessed a single largest one-day percentage fall since June 21.

The downside move is echoed by Ethereum’s market cap, which is being pushed down to $291.21B of the total cryptocurrency market cap. Furthermore, the volume was heightened by 33.0% to $31.08B

Ehterum lost more than 26% in this week

At the current market price, Ethereum has retraced near 50.01% from its ATH of $4,864.06 made on November 10.

Talking to the technical aspect, the Ethereum (ETH) price has broken the important moving average crossover (50/100/200 DMA) on January 7. Again buyers tested the highs on January 12 near $3,420. However, the next day’s red candle erased all the previous gains followed by three “Doji “candlesticks. The price fell like a pack of cards since then.

This Friday’s momentum was a scary one as ETH crashed below the long-term horizontal support line near $2990. The daily relative strength index (RSI) slips below 20 and trades in the oversold zone. While the MACD reads below the midline with bearish crossover.

The technical setup points at the continuation of the downside momentum. A weekly close below the $2,300 level would accelerate the selling toward the $2,000 horizontal support line.

On the flip side, the oversold momentum oscillator suggests some discount buying opportunities. In technical terms, it is termed as ‘dead cat bounce’, where the price could bounce back to $2,800.

✓ Share:

• Trending
• Price Analysis

• Ethereum News: Latest On-chain Activity Hints Massive ETH Purchase by Bitmine (BMNR) and SharpLink (SBET)
• VanEck Pushes for Staked Hyperliquid ETF in US, Expects HYPE Coinbase Listing Soon
• Crypto ETF Update: Rex-Osprey’s XRP ETF, DOGE ETF to Launch Friday as SEC Review Ends
• SEC’s Paul Atkins Pushes for On-Chain Capital Raising Without Uncertainty
• SEC Delays Decision On Staking For BlackRock’s Ethereum ETF

• Pump Price Forecast as $12M Buyback Fuels Scarcity — Is $0.01 in Sight?
• SUI Price Prediction as Mysten Labs Meets SEC Ahead of ETF Decision—Is $7.5 Next?
• Can Dogecoin Price Hit $1 as Derivative Volume Jumps Ahead of DOGE ETF Launch
• Bitcoin Price Prediction Eyes $150K as Trump Calls for Aggressive 100 BPS Rate Cut
• Solana Price Prediction: Can Nasdaq Listing and $94M Holdings Propel SOL Toward $400?

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Rekha chauhan

Rekha has started as Forex market analyst. Analyzing fundamental news and its impact on the market movement. Later on, develop an interest in the fascinating world of cryptocurrency. Tracking the market using technical aspects.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.