Ether technical and onchain data signals that ETH may slip below $1.4k.

Ether (ETH) has fallen by 30% in the past seven days, sliding from $2,800 to $1,900. The decline was accompanied by a sharp decline in futures activity, with Ether open interest falling by more than $15 billion over the same period.

Analysts are now focusing on long-term technical zones and onchain indicators that show a big change for ETH price.

Main Receptors:

Ether fell 30% in seven days, slipping below the $2,000 psychological level.

Yesterday's ETH price crash now brings attention from 1,000-$1,400.

ETH goes down with the crypto market

The ETH/USD pair dropped below 2,000 for the first time since May 2025, hitting a nine-month low of $1,740 on Friday. Ether has recovered to $1,900 at the time of writing, marking the largest weekly drop of 30% among cryptocurrencies.

Related: Trend Research Drops Over 400K ETH As Liquidity Risks Rise

Market leader Bitcoin (BTC) was trading at $66,340 at the time of writing, down 21% over the past seven days. The fifth-ranked XRP (XRP) lost more than 21% last week to trade above $1.37. Solana (SOL) fell by 29% in the same period, posting the biggest losses among the top 10 cryptocurrencies.

As a result, the global crypto market capitalization fell by 20% for the week to $2.23 trillion on Friday.

Ether's decline this week has been accompanied by massive long liquidations of $400 million in the past 24 hours, indicating heavy selling by traders.

The sellers were also US-based ether ETFs, which recorded net inflows of $1.1 billion over the past two weeks.

Coupled with increased selling by other major ETH holders such as Trend Research and Ethereum co-founder Vitalik Buterin, this indicates continued profit pressure that could drive ETH's price lower.

How low can ETH price go?

Ether's bearishness has seen it lose two key support levels over the past two weeks, including the 200-week simple moving average (SMA) and psychological levels at $3,000 and $2,000.

The last time ETH dropped decisively from its 200-week SMA was in March 2025, which marked a 45% drop in price.

If history repeats itself, the ETH/USD pair will extend the downtrend towards $1,400.

This level corresponds to an inverted V shape pattern at $1,385, representing a 28% drop from the current price.

According to Cointelegraph, a reversal cup and handle pattern puts the bottom target at $1,665, while MVRV bands target $1,725.

Onchain Analytics Platform Lookonchain has highlighted three major liquidity zones around $1,500, $1,300 and $1,000, which could act as a magnet for Ether's price ahead of the low.

Glassnode's UTXO Actual Price Distribution (URPD), showing the average price at which Sol owners bought their coins, shows that it has previously been slightly below $1,900. In other words, buyers may not enter before the price drops to the indicated support levels.

The next significant support is located at $1,200, approximately 1.5 million ETH was found earlier.