Ethereum Price Drop Hits $1,410 — Is a Major Breakdown Still Ahead for ETH?

Ethereum is extending its downturn after failing to retain value above $1,700. ETH dropped to a low of $1,410, which indicated uncertainty. The price has partially rebounded since that low but continues to face resistance at $1,620. Ethereum price drop now challenges traders to consider whether the momentum can be reversed or there is more selling ahead.

ETH Hits Resistance Near $1,620

Ethereum tumbled below key supports at $1,620 and $1,550, triggering sell pressure across short-term timeframes. The correction took ETH to $1,410 before a minor recovery began. After reclaiming the $1,550 mark, ETH started testing the 50% Fibonacci level. It is now at the level where it can pump $1,815, or else it can dump to $1,410. This level coincides with strong resistance near $1,615, forming a tough barrier for bulls.

A bearish trendline on the hourly chart reinforces the $1,615 zone as a heavy supply zone. ETH is trading below the 100-hour SMA, which confirms that sellers still dominate. The ETH price decline will likely continue unless bulls take out this resistance with volume. 

Chart 1 – Provided by aayushjindal, published on TradingView, April 8, 2025.

Momentum shows uncertainty in ETH’s short-term trend. The RSI is hovering just above 50, showing a slight bullish bias but lacking strength. MACD remains in the green zone but is already losing traction, hinting at a possible stall in buying interest. 

According to these indicators, the Ethereum price recovery stall is real, and a powerful catalyst is required for ETH to rise again. If bulls manage to close above $1,660, the next supply zone lies at $1,720. Beyond that, $1,820 is the key area to watch. However, unless ETH clears these key zones decisively, the trend remains vulnerable to another leg down.

Market Sentiment and On-Chain Analysis

On social media, traders are arguing over whether Ethereum is in a dead cat bounce or forming a double-bottom pattern. On-chain data shows reduced whale accumulation and lower transfer volume to exchanges, indicating indecision. As the Ethereum price drop dominates crypto news, retail sentiment has shifted to neutral, waiting for a confirmed breakout or breakdown.

What to Expect Next

If ETH fails to break past $1,620, downside continuation becomes more probable. Immediate support is seen at $1,540, followed by a support zone near $1,505. A drop below $1,505 could drag ETH back toward $1,420. Deeper liquidity pools sit near $1,380 and $1,320. These are areas where longer-term buyers may look to re-enter. If altcoins continue to be impacted by BTC volatility or macro liquidity, the Ethereum price recovery stall may get worse.

ETH must reclaim $1,620 and hold above $1,660 for bulls to regain market control. Only then will we see renewed momentum toward higher levels. Until that happens, price action remains range-bound with bearish momentum. The ETH price decline has established a zone of control for sellers, and bulls need to build significant pressure to break it.

Final Outlook: ETH Bulls on the Edge

The Ethereum price drop remains dominant in current crypto news, with ETH trading below technical resistance. Buyers must overcome the $1,620 rejection zone to invalidate this structure. If that action is not taken, the Ethereum price recovery stall might last longer, increasing the risk of the ETH price decline. Traders should monitor key levels and prepare for high volatility as ETH approaches a decisive level.

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