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The Ethereum price has plunged 9% in the past week and 2% in the last 24 hours to trade at $1,803 as of 12:00 a.m. EST on a 5% drop in trading volume to $11 billion.
Ethereum Price Shows Signs Of Reversal After Hitting Major Support
The Ethereum price failed to continue higher above $2,100 and started another decline, like Bitcoin. ETH declined below the $1,920 and $1,880 support levels.
However, ETHUSDT shows signs of a possible trend reversal after testing a major support zone at around $1,750. Over the past few months, ETH has been trapped in a bearish channel, experiencing steady declines as selling pressure dominated the market.
However, with the Relative Strength Index (RSI) at 33.82, approaching oversold territory, traders are speculating that a potential relief rally could be on the horizon.
ETHUSDT Analysis Source: Tradingview
Ethereum Price At Crossroads: Will Bulls Regain Control Or More Losses Ahead?
The Ethereum price attempted to rise higher, reaching a daily high of $1,823.50, but faced resistance. If ETH can break above the $1,900–$2,000 resistance zone, analysts believe a bullish recovery could take shape, with a potential rally toward the $2,400–$2,800 range in the coming weeks.
However, failure to maintain support at $1,750 could lead to a further decline, with the next major downside targets at $1,650–$1,680 and possibly $1,500 if bearish momentum intensifies.
Market liquidity also plays a crucial role in Ethereum’s next move. Sell-side liquidity has been tapped, meaning that stop-losses on long positions have been triggered, often preceding a potential reversal. Meanwhile, buy-side liquidity remains unclaimed, suggesting ETH could still attempt to push higher as market participants look to regain bullish control.
With Ethereum hovering near a critical support level, all eyes are on whether the cryptocurrency can stage a recovery. If bulls manage to break the bearish channel, ETH could be on track for a significant rebound. However, a drop below $1,750 could spell further trouble, leading to an extended downtrend in the near term.
Best Wallet Presale Races Toward $12M – Next Big Crypto?
As the Ethereum price picks up momentum, investors are turning their attention to Best Wallet (BEST), which has already raised over $11.4 million in its presale.
Popular crypto YouTuber ClayBro, who has over 136K subscribers, predicts a potential 10X surge for the BEST token after launch.
Best Wallet is a crypto app with useful features like a built-in DEX, a presale aggregator, and an upcoming debit card offering up to 8% cashback. It also has iGaming perks, including free spins, loot boxes, bonuses, and lower fees, combining crypto with entertainment.
BEST token holders enjoy lower fees and better prices thanks to integrations with over 200 decentralized protocols and 20 cross-chain bridges. The app also makes it easy to convert 100+ fiat currencies into crypto.
Among the many features offered, its “Upcoming Tokens” section is attracting the most attention. This feature helps users discover promising projects that are still in the early stages.
The project’s success in identifying promising projects is clear. Early tokens, including Pepe Unchained (PEPU) and Catslap (SLAP), have already been identified as meme coins to watch, and have delivered huge gains for early investors.
The best plays are the ones you catch early. 👀
With Best Wallet, you can track upcoming projects, monitor token balances, and claim your tokens directly within the app.
Opportunities don’t wait. Make sure you’re ready. 🔥
Download Now 📲 https://t.co/he5kzra7TY pic.twitter.com/pW9aQMDW9C
— Best Wallet (@BestWalletHQ) February 15, 2025
Best Wallet Surges In Popularity
Currently, the platform promotes BTC Bull Token (BTCBULL), a meme coin that rewards holders with free Bitcoin, and Solaxy (SOLX), a Solana layer-2 project.
Lauded for its functionality and suitability for today’s market landscape, the non-custodial wallet recently reached over 500,000 total users, with over 250,000 monthly active users.
A major driver of this growth is Best Wallet’s advanced capabilities, including smoother and cheaper transaction processing compared to rivals like MetaMask and Trust Wallet.
BEST is currently priced at $0.02455 and can be bought with crypto or bank cards. Investors can also stake BEST tokens for a massive 136% annual return.
However, a presale price increase is set to take place in around 36 hours, making now a good time for interested investors to buy and secure their best deal.
Learn more about BEST on its official website.
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