Ethereum USD Drops 26% Monthly—ETHUSD Tests $1,400 Support Level
Ethereum USD (ETHUSD) is trading at $1,851.94 as of February 26, 2026, after a significant monthly decline of 26.27%. The second-largest cryptocurrency by market cap faces mounting pressure as it tests critical support levels. Market data shows ETHUSD volume remains elevated at 18.5 billion, indicating active trading despite the downward trend. Understanding the technical setup and price forecast for Ethereum USD becomes essential for tracking this major asset’s next move. We’ll examine the technical indicators, price targets, and market sentiment driving ETHUSD today.
Ethereum USD Technical Analysis
The technical picture for ETHUSD reveals mixed signals with notable weakness. RSI sits at 41.59, indicating neutral momentum without oversold conditions yet. MACD shows a bearish setup with the signal line at -252.05 and histogram at 24.04, suggesting downward pressure persists. ADX reads 47.04, confirming a strong downtrend in Ethereum USD price action.
Bollinger Bands place ETHUSD at $1,851.94 between the lower band at $1,581.69 and middle band at $2,091.25. This positioning shows the asset trades below its 50-day average of $2,563.45 and well below the 200-day average of $3,467.48. Support levels matter here—the $1,581.69 lower band and $1,800.09 daily low represent key floors for ETHUSD. Resistance emerges at $1,868.92 (daily high) and $2,091.25 (Bollinger middle band).
Ethereum USD Price Forecast
Our price forecast for ETHUSD projects different scenarios across timeframes. Monthly forecast targets $1,370.11, representing a 26% decline from current levels. This suggests further downside pressure in the near term for Ethereum USD. Quarterly forecast shows recovery to $2,731.37, implying a 47% rebound from monthly lows.
Yearly forecast for ETHUSD reaches $2,960.01, indicating substantial recovery potential over 12 months. Three-year outlook extends to $3,090.73, suggesting long-term stabilization above current prices. Five-year forecast climbs to $3,222.01, reflecting confidence in Ethereum USD’s extended recovery trajectory. Forecasts may change due to market conditions, regulations, or unexpected events.
Market Sentiment for Ethereum USD
Trading activity in ETHUSD shows elevated volume relative to averages, with relative volume at 2.0x normal levels. This heightened activity reflects active participation despite the 26% monthly decline. Market participants appear engaged in both selling and accumulation at current price levels. The $250 billion market cap for Ethereum USD remains substantial, indicating institutional presence.
Liquidation data reveals pressure from leveraged positions unwinding as ETHUSD tests lower support levels. The strong ADX reading of 47.04 confirms directional conviction in the downtrend. However, the neutral RSI at 41.59 suggests room for either further decline or stabilization. Market sentiment appears cautious but not capitulative, with traders monitoring the $1,581.69 support zone closely.
Why Ethereum USD Faces Monthly Pressure
Recent on-chain data shows significant selling pressure in Ethereum USD, with major holders liquidating positions. Reports indicate over 10,000 ETH sold since early February, worth approximately $21.7 million. This selling activity from prominent addresses coincides with ETHUSD’s 26% monthly decline. The timing suggests coordinated liquidation rather than organic market weakness.
Market structure deteriorated as ETHUSD broke below key moving averages. The 50-day average at $2,563.45 and 200-day average at $3,467.48 both sit well above current prices. This breakdown indicates a shift from accumulation to distribution phase. Ethereum USD’s year-to-date decline of 30.84% reflects broader crypto market headwinds affecting sentiment.
Key Support and Resistance Zones
Critical support for ETHUSD emerges at $1,581.69 (Bollinger lower band) and $1,800.09 (daily low). Breaking below $1,581.69 would signal deeper weakness toward the year low of $1,383.26. The $1,370.11 monthly forecast target aligns closely with this extended support zone. Ethereum USD traders watch these levels for potential capitulation or bounce signals.
Resistance levels for ETHUSD cluster at $1,868.92 (daily high) and $2,091.25 (Bollinger middle band). Breaking above $2,091.25 would suggest recovery momentum toward the 50-day average at $2,563.45. The year high of $4,955.90 remains distant but represents the ultimate resistance zone for Ethereum USD. Current price action suggests testing lower support before any sustained recovery attempt.
Final Thoughts
Ethereum USD trades at $1,851.94 with a 26% monthly decline, reflecting significant selling pressure and technical deterioration. ETHUSD technical analysis shows strong downtrend confirmation via ADX at 47.04, though RSI at 41.59 remains neutral. Price forecasts suggest monthly target of $1,370.11 with quarterly recovery to $2,731.37, indicating potential capitulation followed by stabilization. Support levels at $1,581.69 and $1,800.09 become critical for ETHUSD’s near-term direction. Market sentiment shows elevated trading activity but cautious positioning as major holders liquidate positions. The $250 billion market cap for Ethereum USD ensures continued institutional monitoring despite current weakness. Traders should monitor the $1,581.69 support zone closely for potential reversal signals or further breakdown confirmation.
FAQs
ETHUSD trades at $1,851.94 as of February 26, 2026. The cryptocurrency has declined 26.27% over the past month and 30.84% year-to-date. Daily trading volume reaches 18.5 billion, indicating active market participation.
On-chain data shows major holders liquidated over 10,000 ETH since early February, worth $21.7 million. ETHUSD broke below key moving averages, triggering technical selling. The shift from accumulation to distribution phase accelerated the monthly decline.
Monthly forecast targets $1,370.11, quarterly forecast reaches $2,731.37, and yearly forecast extends to $2,960.01. Three-year outlook shows $3,090.73, suggesting long-term recovery potential for ETHUSD despite current weakness.
Critical support for Ethereum USD sits at $1,581.69 (Bollinger lower band) and $1,800.09 (daily low). Extended support appears at $1,370.11 (monthly forecast) and year low of $1,383.26 for ETHUSD.
RSI at 41.59 indicates neutral momentum, not yet oversold conditions. MACD shows bearish setup with signal line at -252.05. ADX at 47.04 confirms strong downtrend, suggesting further weakness possible for ETHUSD.
Disclaimer:
Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.