Ethereum Price Struggles at $1,800 Today (3/14/25) – Is This the Start of a Bigger Crash?
Jakarta, Pintu News – Ethereum continues to trade below the $2,000 level for the fourth consecutive day amid a massive wave of selling. The outlook for ETH doesn’t seem to be changing anytime soon, as indicated by the Net Taker Volume metric on the network.
Then, how will the ETH price move today?
Ethereum Price Up 0.56% in 24 Hours
On March 14, 2025, Ethereum (ETH) was trading at approximately $1,894 (IDR 31,169,693), reflecting a 0.56% increase over the past 24 hours. During this time, ETH reached a peak of IDR 31,406,234 before pulling back toward its lowest point of IDR 30,021,238.
At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $228.43 billion, with daily trading volume falling 17% to $17.9 billion within the last 24 hours.
Read also: Bitcoin Clings to $81,000 – Is a Bigger Crash on the Horizon? (March 14, 2025)
Decline in Volume Takers Indicates Strong Selling Trend
Based on data from CryptoQuant compiled by Maartunn, the 30-day average of Net Taker Volume continues to decline. This reflects investors’ pessimistic view of Ethereum, which also explains ETH’s performance throughout 2025 to date(YTD).
Taker volume refers to the trading volume generated by “takers,” which are market participants that directly execute orders by taking liquidity from the order book using market orders instead of limit orders.
In general, a sharp drop in the volume taker indicator often coincides with a potential low point that can trigger a price reversal in the short term.
However, this scenario is only possible if the Bitcoin price and macroeconomic conditions stop showing a bearish trend.
Key Support and Resistance Levels to Watch Out For
Based on the weekly chart, the breakout of the support level in the range of $2,000 to $2,200 has turned it into a resistance zone.
ETH price has retested the $1,756 support level, and if this level is broken, ETH is likely to drop further to $1,633-a price last reached in October 2023. In some scenarios, ETH could even return to $1,500.
Conversely, if ETH manages to break the $2,000 resistance, then the price could retest the $2,600, $2,768, and $3,000 levels. These three levels must be broken for a more sustainable uptrend to occur.
Currently, Ethereum’s outlook is still bearish, with on-chain metrics indicating a possible further downtrend. However, emerging buy signals provide a glimmer of hope for a potential price recovery.
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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. Ethereum Price Faces Record Selling Spree in 3 Months, Is Rebound Likely? Accessed on March 14, 2025
