Ethereum Price Dropped 6% to $2,330 today (2/27/25). Can ETH Make a Rebound?

Jakarta, Pintu News – The price of Ethereum (ETH) dropped 6% today, February 27, 2025, reaching 38 million IDR ($2,330). This decline raises concerns among investors, especially after a more than 40% drop over the past three months.

Despite the market pressure, many are wondering if Ethereum can stage a rebound and get back on a bullish trajectory.

Ethereum Price Drops 6.35% in 24 Hours

On February 27, 2025, the price of Ethereum (ETH) saw a 6.35% correction, trading at $2,330, or approximately 38,518,789 IDR. Over the last 24 hours, the ETH price hit a low of 37,177,781 IDR and peaked at 41,149,308 IDR.

As of writing, data from CoinMarketCap reveals Ethereum’s market capitalization at around $280.54 billion, with daily trading volume also dropping 20% to $29.18 billion in the past 24 hours.

Read also: Bitcoin Price Plummeted 5% and Plunged to the Level of Rp1.3 Billion Today (2/27/25): Why BTC is Falling?

Technical Analysis and Key Resistance

Reporting from Coingape (2/26/25), since December 16, 2024, Ethereum has lost 43% of its value, which has caused the 50-day Moving Average (MA) to move down near the 200-day MA.

If the 50-day MA moves below the 200-day MA, a death cross signal is formed indicating that short-term momentum is weakening and bearish momentum is increasing.

However, if Ethereum price manages to recover, there will be immediate resistance at $2,600 and $2,700. Surpassing these obstacles could bring ETH back to the psychological level of $3,000, which coincides with the 50-day MA and 200-day MA.

A successful price recovery will not only delay the formation of the death cross but may also boost investor confidence. If this confidence is restored, Ethereum price may even be able to reach critical resistance levels at $3,100 and $3,300.

However, it should be noted that these movements are highly dependent on the price trend of Bitcoin (BTC) and the crypto market as a whole.

Social Domination and Development Activities

The social dominance metric measures Ethereum’s social volume compared to the social volume of other cryptocurrencies.

Read also: “7 Siblings” Group Buys $28.75 Million Worth of Ethereum Amidst Crypto Market Crash!

Since January 2025, Ethereum’s dominance has increased consistently, with three above-average spikes at the beginning of the year and in February. This suggests that interest in Ethereum is increasing, which is a bullish signal.

This growth adds confidence to the potential price recovery thesis. In addition, Ethereum’s development activity has experienced exponential growth since early 2025.

This metric has doubled and currently stands at 319. This increase is also a bullish indicator supporting a potential recovery in Ethereum price after last week’s massive sell-off.

Outlook and Potential Price Recovery

Overall, Ethereum’s price outlook shows bullish signs indicating a potential recovery rally. Key levels to watch include $2,600, $2,700, followed by $3,000, $3,100, and $3,300. A successful recovery could prevent a threatening death cross formation.

Ethereum’s increasing social dominance and heightened development activity support the potential for a short-term spike in Ethereum price after the recent sharp decline.

Overall, with various technical and fundamental indicators showing positive signals, Ethereum’s chances of recovering to $3,000 seem wide open.

Despite the risk of death crosses, factors such as increasing social dominance and strong development activity provide hope for investors and market watchers.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Can Ethereum Price Recover to $3000 & Prevent Looming Death Cross. Accessed on February 27, 2025