Ethereum Price Analysis of March 11, 2025: Ethereum Plunges from $2150 to $1750: Is this the Start of an Extreme Downtrend?

If you are tracking the Ethereum price trend and wonder if it has reached its bottom or if more downside momentum is left, then you are at the right place. As we explore Ethereum price analysis, we go through different patterns and how Ethereum reacted to them. We determine critical support and resistance levels in the Ethereum price today. Without any further delay, let’s dive into Ethereum price analysis and find out what might be the Ethereum price trend.

Ethereum Price Analysis of the Last 24 Hours

At 00:45 UTC on 10th March, the price broke out from the expanding triangle, forming a spike and range pattern, corroborated by a golden crossover in MACD. The range broke out to the upside, corroborated by a golden cross in MACD at 09:10 UTC, marking the high for the day at $2,152. RSI moved to the overbought area at 09:20 UTC, indicating an overbought market condition, suggesting a reversal or pullback might come. 

Chart 1: Analysed by vallijat007, published on TradingView, March 11, 2025

The death cross in MACD at 10:00 UTC further put pressure on the price, causing a drop to the downside, forming a channel. The channel broke out to the upside at 14:55 UTC, corroborated by a golden cross in MACD, but failed to form a spike. Instead, it formed a converging triangle pattern. The converging triangle pattern broke out to the downside, failing to form a channel. 

Ethereum Struggles at Support: Rounding Bottom or Further Downside?

A minor range formed and broke out to the downside at 17:00 UTC, corroborated by a death cross in MACD, forming a spike and channel pattern. In the meantime, RSI dropped below the level of 30, indicating an oversold market condition for Ethereum. The channel broke out to the downside at 18:50 UTC, failed to form the channel, and the spike reversed to the upside instantly, showing buying pressure near $1,800. 

A converging triangle pattern appeared in the price, which broke out to the downside at 21:10 UTC, corroborated by a death cross in MACD. The breakout formed a spike, marking the low of the day at 00:50 UTC on 11th March. In the meantime, the RSI dropped below the level of 30, indicating an overall oversold market condition. A rounding bottom pattern is visible. If the pattern succeeds, then some bullish momentum could be seen in Ethereum. If the rounding bottom fails, then the price may break the support level of $1,750.

Ethereum at Critical Support: Potential Recovery or New 52-Week Low?

Ethereum shows extreme bearish sentiment amid some bullish momentum in the early hours of the day. In the higher timeframe, Ethereum price today is at a critical support level, and if Ethereum does not recover soon or at least form a range-bound market, then recovery in this area is not easy, and Ethereum may mark another 52-week low in the upcoming trading sessions. Traders and investors are encouraged to take a look at the Ethereum price chart by themselves, as the crypto market is subject to potential risk. Risk management and position sizing are the main key elements to succeed in trading and investing.