Ethereum Falls Below $1,900 as Retail Investors Panic Over Bear Market

▲ Ethereum (ETH), Decline/AI-Generated Image

Ethereum (ETH) has fallen sharply, slipping below the $1,900 level. Investors are closely watching whether the $1,850 support line can hold to prevent further losses.

According to crypto-focused media outlet NewsBTC on February 23 (local time), Ethereum plunged nearly 6% after failing to secure support at $1,920 amid Bitcoin’s (BTC) decline. Senior market analyst Aayush Jindal noted that Ethereum entered a full-fledged downtrend after consecutively dropping below $1,900 and $1,880. Jindal added that with Ethereum currently trading below its 100-hour simple moving average, a short-term recovery may be difficult.

Technical indicators also point to growing bearish momentum. The Moving Average Convergence Divergence (MACD) is gaining strength in negative territory, while the Relative Strength Index (RSI) has fallen below the 50 mark, signaling intensifying selling pressure. Ethereum remains sluggish, failing to reach even the 23.6% Fibonacci retracement level of the downward move from the recent high of $1,994 to the low of $1,845. Buyers are attempting to defend the $1,850 area in an effort to prevent a deeper slide.

For Ethereum to stage a rebound, it must first break above the short-term resistance near $1,880. Jindal identified the $1,920 level as the first major resistance that will determine the next phase of recovery. If Ethereum manages to break and hold above the descending trendline formed at $1,950, it could extend its rally past $2,000 toward $2,120. However, strong overhead resistance remains, meaning a significant influx of buying pressure is required.

Warnings about downside risks are also mounting. If Ethereum fails to surpass the $1,920 resistance, the $1,850 support level is likely to be tested again. Jindal cautioned that if the $1,825 support collapses, the price could drop sharply past $1,780 and toward the $1,720 range. Rather than reacting emotionally to short-term volatility, investors are closely monitoring trading volume near key support levels and trends in on-chain indicators to formulate 대응 strategies.

Amid the broader downturn in the digital asset market, whether Ethereum can defend its support levels is expected to serve as a key indicator of the market’s future direction. The $1,850 level is seen not merely as a numerical benchmark but as a psychological threshold reflecting market confidence. Experts advise a cautious investment approach, noting that Ethereum’s next move will largely depend on Bitcoin’s recovery pace and trends in institutional capital inflows.

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