Jakarta, Pintu News – Ethereum (ETH), as the king of altcoins, is facing increasingly strong bearish pressure in the global crypto market. After experiencing a sharp decline of almost 60% from its peak in October 2025, Ethereum’s price is now hovering around $1,975. The negative sentiment has intensified, especially after market predictions foresee further downside potential. However, despite these concerns, there are a number of technical and liquidity factors that still give market participants hope.

Market predictions reflected through Kalshi contracts show that traders now estimate a 49-50% chance for Ethereum (ETH) to fall to the $1,250 level by 2026. In fact, around 30% probability points to the possibility of ETH price falling below $1,000. This bearish sentiment is not just a concern, but has already manifested itself in real trading positions. The main factors fueling this pessimism are fund outflows from ETFs and selling pressure from large institutions.
In addition, concerns about the accumulation of value on the Layer 2 network have also added doubt to Ethereum’s (ETH) resilience. Many market participants think that ETH is now more vulnerable than ever. However, it’s important to remember that market predictions only reflect momentary sentiment, not future certainties. Historically, extreme downside probabilities have often emerged precisely when markets are at emotional saturation points.
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Despite increasing bearish pressure, Ethereum’s (ETH) long-term technical structure still shows an undamaged bullish pattern. The bullish pennant formation formed on the price chart signals a potential consolidation before the next big move. The support area in the range of $1,513-$1,537 is an important limit that continues to be tested by the market. As long as the ETH price is able to stay above this level, the macro bullish pattern is still maintained.
However, just holding the price above $1,513 is not enough to ensure a price revival. It will take a strong momentum boost and an improvement in overall market conditions for ETH to truly resume its uptrend. If this support fails to hold, then the bullish structure will be threatened and Kalshi’s downside prediction could come true. Therefore, this support area is a crucial point that determines the direction of the next movement.

Analysis of the liquidation heatmap shows that most of the liquidity on the downside has been wiped out, especially after the sharp drop in early February. Many stop losses below the recent lows have been executed, so the selling pressure is starting to ease. On the other hand, there is considerable accumulated liquidity above the current Ethereum (ETH) price, even up to the $5,000 area on higher time frames. This phenomenon is often a price magnet, prompting a potential short squeeze.
This liquidity imbalance creates asymmetric risk for short sellers. In the event of a sudden price spike, short positions may be forced to liquidate en masse, triggering an even sharper price increase. This makes bearish positions vulnerable to aggressive reversals. Thus, although market sentiment is still dominated by fear, the opportunity for a rebound remains wide open if the technical structure is able to hold.
Ethereum (ETH) is now at an important junction between bearish pressure and technical opportunities to bounce back. Market sentiment may be pessimistic, but the price structure and liquidity dynamics still leave room for a potential reversal. The $1,513 level is a psychological limit that market participants should continue to monitor. If able to survive, Ethereum (ETH) has the opportunity to retest higher resistance levels and reverse the existing negative sentiment.
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