Can Ethereum Price Hit $2,000 or Collapse First?

Ethereum has been battling to maintain its price above the $1,800 support zone, mirroring Bitcoin's recent price movements. Despite a temporary recovery that pushed ETH above $1,850 and $1,880, the resistance at $1,950 proved too strong. A recent downturn saw Ethereum dropping to a low of $1,781 before stabilizing near the 23.6% Fibonacci retracement level. ETH now trades below $1,850 and the 100-hourly Simple Moving Average, facing hurdles at $1,865 and $1,920.

Read Ethereum Price Prediction for more detailed insights

Key Resistance Levels

For Ethereum to gain bullish momentum, it must break past $1,865, aligning with the 50% Fib retracement level from the $1,955 swing high. A successful move above $1,920 could trigger a rally toward $1,950 and potentially $2,000-$2,050 in the short term.

Potential Downside Risks

If ETH fails to surpass $1,865, further declines could push the price toward $1,780. A decisive break below this level could lead to $1,720, with additional support at $1,680 and $1,620.

Market Sentiment and MVRV Ratio

Ethereum's MVRV ratio currently stands at 0.88, nearing the overvaluation zone that has historically preceded market corrections. Additionally, ETH futures premiums remain below the neutral 5% threshold, indicating a lack of confidence among traders.

Also Read: PEPE Price Prediction 2025, 2026 – 2030

Derivatives & Institutional Interest

The Ether delta skew, a measure of options sentiment, remains at 7%, reflecting risk aversion among whales. Meanwhile, ETFs have experienced $37 million in outflows over the past two weeks, further dampening retail enthusiasm. However, recent endorsements from the Trump family could provide unexpected bullish momentum in the near future.

Despite Ethereum's support at $1,800, market sentiment remains cautious. Traders are closely watching key resistance levels, with institutional activity and macroeconomic factors set to influence ETH’s next move.