Ethereum Price Risks Falling Below $1,500 Amid Bearish Technical Signals

Ethereum is facing renewed downside pressure as its native token trades near critical support levels. Market data shows Ether hovering around $1,850 after a sharp daily decline, raising concerns that the $1,500 threshold could be tested in the near term.

Bearish Chart Pattern Points to Sub-$1.5K ETH Target

Technical indicators suggest Eth has broken down from a bear pennant formation, a continuation pattern that often signals further declines. Based on the height of the previous downtrend, analysts project a potential move toward $1,475 if selling pressure persists into early March.

For the bearish outlook to weaken, buyers would need to reclaim the former support trendline and push the price above the 20-day exponential moving average near $2,085. Until then, momentum remains tilted to the downside.

Vitalik Buterin ETH Sales Add Supply Pressure

Additional pressure stems from planned token sales by Ethereum co founder Vitalik Buterin. Earlier this year, he disclosed intentions to liquidate 16,384 ETH through an affiliated entity to fund ecosystem initiatives. Blockchain tracking data indicates that roughly 9,000 ETH has already been sold, with over 7,000 ETH remaining.

Lookchain report that;

Historically, large transfers linked to foundation or founder wallets have coincided with periods of price weakness, reinforcing trader caution during the current market phase.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.