Ethereum Freefalls to IDR 31.1 Million: 3 Major Causes of ETH Crash Today!

Jakarta, Pintu News – The crypto market has once again been rocked by high volatility that caused the price of Ethereum (ETH) to experience a sharp decline, breaking through its psychological support level.

You might be surprised to see the second-largest digital asset lose its upward momentum in a relatively short period of time amid volatile market conditions. This decline triggered massive liquidations on various cryptocurrency exchanges, which further accelerated the rate of price correction towards the red zone which was quite alarming for investors.

Massive Selling Pressure Breaks the Support Level of IDR 31.1 Million

The price of Ethereum (ETH) has seen a significant fall to the lower limit of IDR 31,133,650 ($1,850) in recent trading. You can see that this selling pressure came after the crypto asset failed to maintain its position above the uptrend line that had been forming for several weeks. Market analysts noted that there were very high trading volumes when the price breakout occurred, signaling short-term panic among cryptocurrency holders.

Current technical conditions show that ETH is in a fairly strong bearish phase after losing ground at this key level. You should note that the Moving Average indicator shows a negative crossover which usually strengthens the signal of further price decline. Nonetheless, some large investors or “whales” may see this price drop in the crypto market as an opportunity to accumulate at a cheaper price.

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Further Downside Risk Toward IDR28.6 Million Area

If recovery doesn’t happen soon above the IDR31,133,650 mark, then Ethereum risks being dragged deeper towards the next support area in the range of IDR28,609,300 ($1,700). You need to be vigilant as failure to defend current levels could trigger an additional wave of technical selling from traders using automated systems. The negative sentiment surrounding the cryptocurrency ecosystem at large is also making it harder for ETH to stage a reversal in the near future.

Experts warn that price stability largely depends on the ability of buyers to maintain the demand area at the current lower levels. You are advised to closely monitor price movements as volatility in the crypto market tends to increase dramatically after a major crash. A portfolio diversification strategy remains key to minimize the risk of bigger losses during price shocks like the current one.

Ethereum Price Rebound Opportunities and Recovery Scenarios

Although the price is currently under pressure, the potential for a technical rebound towards the IDR33,658,000 ($2,000) level remains open if the cryptocurrency market sentiment improves. You can take note of the RSI indicator starting to enter the oversold zone, which is often the first sign of a temporary price recovery. Ethereum’s (ETH) success to climb back above the IDR31,133,650 level in the next few days will be an important confirmation for the end of this downtrend.

Investor confidence in Ethereum’s long-term fundamentals generally remains strong despite extreme short-term price fluctuations. You should stay tuned for news related to network updates and institutional adoption that could provide a positive boost to crypto prices in the future. Always do your own research and don’t get carried away when making investment decisions in this highly volatile cryptocurrency market.

Also Read: MicroStrategy Ready to Overtake Bitcoin? Check out the Shocking Predictions for the End of February!

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

• Aayush Jindal/NewsBTC. Ethereum Price Crashes Below $1,850: Can The Bulls Protect Further Downsides?. Accessed February 24, 2026.