Ethereum Price Analysis: Will ETH Crash to $1,060? Watch These Levels

Ethereum’s price has fallen 27.7% in the past 30 days, now standing at $1,976.75. Analysts warn that if this downward trend continues, ETH could drop as low as $1,060. Let’s explore the key reasons behind Ethereum’s struggles.

Ethereum has tried to break past the $4,000 level three times in this cycle but failed each time. Each rejection has pushed the price lower, adding to bearish pressure.

To make matters worse, ETH has fallen below a key upward trendline that had supported its price since the last market cycle’s bottom.

Key Ethereum Levels to Watch

For Ethereum to regain strength, analysts say it must reclaim the $2,500 level soon. If the decline continues, the next major support sits at $1,060. Until ETH finds a solid bottom, downward momentum is likely to persist.

Weak Market Structure and Bearish Indicators

Ethereum’s daily Relative Strength Index (RSI) is at 41.75, indicating there’s room for a price rebound. However, without better market conditions, Ethereum may struggle to recover despite this technical signal.

Investors Favor Bitcoin Over Ethereum

Data from Coinglass shows that U.S.-based Ethereum ETFs have seen continuous outflows in 2025.

Just yesterday, $52.80 million exited the Ethereum spot ETF market. Over the past seven days, outflows have totaled at least $248 million. Meanwhile, Bitcoin spot ETFs have performed better, showing that institutional investors are favoring Bitcoin over Ethereum.

Ethereum’s Network Activity Is Declining

On-chain data reveals a significant drop in Ethereum network usage. The number of transactions this month has fallen sharply compared to the same time last year. Additionally, median gas fees on the Ethereum mainnet have dropped, indicating lower demand.

Ethereum Market Overview

At the start of the month, Ethereum was priced at $2,218.81. On March 2, it surged 13.7%, but this gain was wiped out the next day with a sharp 14.66% drop.

Another steep decline happened between March 9 and 10, when ETH lost 15.16% in just two days. The market has yet to recover from these corrections, keeping Ethereum under bearish pressure.