Ethereum price is under heavy pressure after losing key support, with traders watching oversold RSI signals, strong staking demand, and the risk of a deeper drop towards $1,400.
Ethereum price has weakened after it failed to hold higher support levels, but the market is not one-sided. Some analysts are warning that the breakdown can extend towards $1,600 and even $1,400, while others are pointing to extremely oversold RSI readings for a bounce.
Ethereum (ETH) is trading at around $1,680, down 5.89% in the last 24 hours. Source: Brave New Coin
ETH Breaks Support as $1,600 and $1,400 Get Exposed
The biggest technical problem for price right now is the loss of the $1,825 support level. That zone was previously acting as a key higher-timeframe floor, but the latest breakdown has changed the short-term structure. Once ETH lost that area, the downside map opened towards deeper supports.
Ali Charts highlighted this break clearly, showing ETH below $1,825 on the 3-day chart. His chart now places the next major levels around $1,603 and $1,409, which means the market may still search for lower liquidity if buyers fail to step in quickly.
Ethereum breaks below the key $1,825 support, exposing deeper downside levels near $1,603 and $1,409. Source: Ali Charts via X
This does not mean ETH Ethereum price must instantly collapse to $1,400, but the structure has clearly shifted. The old support near $1,825 now becomes an important resistance zone, while $1,600 is the next area where bulls need to show a reaction. If that level also fails, the $1,400 region becomes much harder to ignore.
Daily RSI Shows Ethereum Is Deeply Oversold
The sell-off looks ugly, but the momentum picture is becoming stretched. ETH’s daily RSI has dropped into a rare oversold zone, with one chart showing the RSI near 18.45 and another showing it around 22.53. These are not normal readings for Ethereum.
Ethereum’s daily RSI drops into a rare oversold zone. Source: Max Crypto via X
Max Crypto noted that ETH’s daily RSI is now at its most oversold level in more than seven years. His chart compares the current RSI zone with previous panic periods, including the COVID crash, the FTX collapse, and the tariff-driven sell-off. In each case, the market was under heavy pressure, but those zones also marked moments where sellers were becoming exhausted.
Rising Channel Breakdown Confirms the Larger Weakness
The broader ETH chart also shows a major structural problem. Pepesso’s chart points to a rising channel breakdown, with Ethereum losing the trend that had supported the price for months. Once that channel broke, the market entered what he described as a real-time phase of capitulation.
Ethereum breaks below its rising channel structure, strengthening the capitulation risk as the projected buy zone sits near $1,400–$1,600. Source: Pepesso via X
The chart also frames the move as a possible ABC correction. That means Ethereum price may still be completing a larger corrective structure rather than simply moving through random weakness. The projected buy zone on the chart sits well below the current price, near the $1,400–$1,600 range.
Staking Demand Gives Ethereum a Stronger Long-Term Counterpoint
Despite the heavy price action, Ethereum’s staking data is showing a very different story under the surface. BSCN reported that demand for ETH staking remains exceptionally high, with around 3.10 million ETH, worth roughly $5.45 billion, waiting to be staked on the network.
Ethereum staking demand remains strong despite the price crash. Source: BSCN via X
That number stands far above the reported 49,738 ETH waiting to be unstaked. In simple terms, staking entries are still much larger than exits, which suggests that long-term Ethereum holders are not rushing out of the network despite the price crash.
This creates an important contrast. Price action is bearish right now, but network participation still looks strong. When staking demand remains elevated during a sell-off, it can show that long-term conviction has not disappeared, even if short-term traders are still under pressure.
Can ETH Rebound or Drop Towards $1,400?
Ethereum’s short-term price prediction remains fragile. The technical chart is still bearish after losing $1,825 and slipping below $1,750. As long as ETH trades under those levels, the downside targets around $1,600 and $1,400 remain active.
The bullish argument comes from the oversold RSI and strong staking demand. Ethereum price is now deeply stretched on momentum indicators, and staking entries continue to outpace exits by a wide margin. That does not erase the breakdown, but it suggests the market may be approaching a zone where panic selling becomes less sustainable.
For now, the Ethereum price needs to hold near $1,600 to avoid another deeper leg. If buyers defend that area, a relief bounce towards $1,750–$1,825 can develop.
Final Thoughts: Is Ethereum Price Near Capitulation?
Yes, the way Ethereum price is selling off right now, it does feel like the market is either already in a capitulation phase or very close to one. The speed of the decline, the break of major support levels, and the panic around lower targets show that sentiment has turned heavily defensive.
This is usually the kind of phase where weak hands are forced out, late sellers become more active, and the market starts pricing in worst-case scenarios. With ETH now trading near deeply oversold conditions, the pressure looks extreme.
That does not mean the bottom is already confirmed, but it does mean Ethereum is entering the kind of zone where aggressive selling can become exhausted. If this turns into a true capitulation reset, the next recovery may begin only after fear reaches its peak.
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