Ethereum Danger Zone? Key Support at $2,060—Next Stop $1,440

Ethereum’s price is at a critical point as market indicators suggest increased selling pressure. The Market Value to Realized Value (MVRV) pricing bands indicate that Ethereum must hold key levels to avoid further declines. Analysts are closely watching the $2,060 realized price level, with $1,440 being the next major support if the downtrend continues.

Ethereum Testing Key Support Levels

At press time, Ethereum traded at $1, 869.85, down 1. 37 percent in the past 24 hours and by 13. 873 percent over the last week. Ethereum is near its lower boundary deviation point and when the MVRV pricing bands indicate weakened market strength.

Ethereum’s realized price shows that it stands at $2,060, which is a critical support level, according to Crypto analyst Ali Martinez. Ethereum’s failure to remain above this threshold could trigger a buying hand responsible for $1,440, otherwise known as next massive support.

Market Sentiment and Key Resistance Levels

Market data indicates that only 27.65% of Ethereum holders are currently in profit, while 70.41% are holding at a loss. This imbalance suggests a high likelihood of selling pressure if prices fail to recover.

A major resistance zone has formed between $2,250 and $2,610, where 12.28 million addresses accumulated over 65 million ETH. Martinez warned that breaking through this range will be difficult, as many investors may sell when Ethereum approaches these levels.

Whale Transactions and Exchange Inflows

Increased whale activity has raised concerns about further price declines. Martinez noted that more than 100,000 ETH have been transferred to exchanges in the past 48 hours, which could indicate potential sell-offs.

Additionally, crypto trading firm Amber Group moved 20,000 ETH worth $37.34 million to Binance, OKX, and Gate.io. Large transfers to exchanges are often seen as a sign of increased selling pressure, which could lead to further downside movements.

Amber Group deposited 20,000 $ETH($37.34M) to #Binance, #OKX and #Gateio ~40 mins ago.https://t.co/GMZTZP3SjZ pic.twitter.com/CzUOZj9CrF

— Lookonchain (@lookonchain) March 11, 2025

Ethereum Price Outlook and Potential Scenarios

Ethereum has been on a downtrend currently, but despite that, it has made a bullish diamond pattern that might indicate a breakout if it breaks past key resistance levels. The analysts suggest that buying activity may soon take the price up to $2,250.

Conversely, if Ethereum could not hold onto its support levels then it could fall below $1,500 and some might project it to fall down to $1,250. Ethereum is currently moving out of a parallel channel, a pattern that usually meant another leg of decline, said analyst Ali Martinez.

Ethereum’s next moves are watched closely by traders and investors who await price action in the next days that would decide if the asset stabilizes or continues to fall.