Ethereum (ETH) has been struggling throughout 2025, experiencing consistent selling pressure that has kept its price under control. Despite the ongoing bearish trend, there may be a short-term price bounce around the $1,400 mark. Traders and investors should be cautious, as the market is showing signs of extreme selling, and the dominance of the bears remains strong.

Recently, Ethereum dropped below a key support level, and further price struggles seem likely. A wallet, possibly linked to World Liberty Financial, reportedly sold over 5,400 ETH worth around $8 million, which added to the market’s downward pressure. This sale, combined with the fact that Ethereum’s price fell below its “realized price” (the average price paid by holders), paints a worrying picture for ETH holders.

Additionally, the ETH/BTC pair has reached its lowest level since December 2019, suggesting that Ethereum is facing trouble not just against the dollar but also relative to Bitcoin. This further underscores the market’s bearish sentiment.

Short-Term Price Targets: What’s Next for Ethereum?

Looking at Ethereum’s price chart, traders are focusing on key levels in the short term. Ethereum’s recent price action has been defined by a significant drop below the $1,550 mark, which had previously acted as support in late 2023. Once this level was broken, the selling pressure intensified, making a recovery even more difficult.

On the upside, the next possible resistance levels are around $1,510 and $1,640. If Ethereum manages to climb to these levels, they could act as short-term bullish targets. However, the larger trend remains bearish, and the price is likely to struggle as it nears these levels.

The key support level to watch on the downside is around $1,380, which is the most probable short-term target. This level is important because it represents a significant liquidity pocket and is very close to Ethereum’s current price. Many analysts believe that Ethereum could see a minor bounce at this level, but it is unlikely to lead to a major trend reversal.

For those looking to short Ethereum, the $1,550 level might provide an opportunity. As the market remains heavily influenced by sellers, traders are advised to wait for a retest of this level before taking short positions. This would allow them to enter at a higher price before the next leg down.

The Money Flow Index and What It Tells Us

A critical indicator for understanding market sentiment is the Money Flow Index (MFI), which measures the buying and selling pressure based on price and volume. Currently, the MFI for Ethereum is at a dangerously low level of 11, signaling extreme overselling. This suggests that Ethereum could be undervalued at the moment, and some traders may view this as an opportunity to buy at a discount. However, the absence of a bullish divergence between the MFI and price means that a solid recovery is not yet in sight.

Ethereum’s Long-Term Outlook Remains Bearish

Looking at the bigger picture, the long-term trend for Ethereum is still strongly bearish. Although short-term price movements may offer brief bounces, the general direction points downward. The Fibonacci retracement levels, which are often used by traders to predict price movements, show that $1,944 (just below the $2,000 mark) had been a critical support level in March. This level has since flipped to resistance, indicating that upward price movements are unlikely to be sustained without significant changes in market sentiment.

Ethereum buyers should remain cautious and avoid bidding aggressively around the $1,380 support, even though a bounce is likely at this level. With the market continuing to be dominated by bears, it’s essential for traders to carefully monitor the next few price movements and be prepared for potential downside risks.

Conclusion: Patience and Caution Are Key

Ethereum’s short-term price outlook remains uncertain. While a minor bounce is possible near the $1,380 support level, the overwhelming strength of the bears suggests that the price will continue to face downward pressure. Traders should be patient and avoid making hasty decisions. The next key resistance levels lie around $1,510 and $1,640, but until Ethereum can break above these, the bearish trend is likely to persist.