The cryptocurrency market continues to face selling pressure. Ethereum's price dipped to a low of $1,895 early this morning and is now around $1,939, with a cumulative decline of over 20% since February. Bitcoin also fell below the $66,000 mark, reflecting a strong risk-averse sentiment in the market.

Technical indicators have entered an extremely sensitive zone. The daily RSI dropped to 28-34, approaching the extreme levels seen during the sharp decline in August 2025. The MACD remains in negative territory, indicating that bearish momentum has not yet fully released. Analysts warn that if the $1,900 psychological level is broken decisively, the next support could move down to $1,760, and in extreme cases, test $1,400. Currently, the price is testing the $1,900 resistance for the third time.
Key points
Price performance: ETH at $1,939, down over 20% since February, marking the worst monthly performance of the year.
Key technical levels: $1,900 is a short-term support/resistance level; if broken, the next targets are $1,760-$1,400.
Market sentiment: The Fear and Greed Index remains in "Extreme Fear," with $250 million in liquidations across the network in the past 24 hours. $ETH