Ethereum (ETH) Price Hits Multi-Year Low But Indicators Flash Potential Reversal

Key Takeaways

• Ethereum (ETH) fell below $1,500 for the first time since 2013.
• Ethereum’s Relative Strength Index (RSI) is nearly oversold.
• How long will the Ethereum price decrease continue?
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After a disappointing increase in 2023 and 2024, Ethereum crashed in 2025, losing over 60% of its value.

The stock market also shows a sharp decrease, with Dow Jones Futures already down 3% pre-market after a 7.55% plunge last week.

With Ethereum falling to an over two-year low, the key question is whether the price will fall below its previous bear market lows of $881.

ETH Price Crashes

The weekly time frame shows that Ethereum’s price has fallen 65% since December 2024, falling to a 763-day low of $1,411 today.

The downward movement also caused a breakdown from a long-term ascending parallel channel, highlighting two developments:

First, this cycle’s Ethereum price increase was corrective (red), likely part of wave A or X (red).

Secondly, Ethereum has started the final portion of its correction. Giving waves W and Y the same length leads to a low of 647.

The weekly Relative Strength Index (RSI) is at 30, nearly reaching oversold territory.

The reading is interesting since the two previous market bottoms reached 29 and 26, respectively (black circles).

The RSI suggests the ETH price will reach a bottom soon, marking the end of its long-term correction.

When Will ETH Bottom?

The short-term wave count (orange) suggests that Ethereum is in the final part of its correction.

Ethereum has fallen inside a five-wave decrease (orange) since December 2024 and is currently in the fifth and final wave.

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Since wave three has extended, wave five may not do the same. If it has the same length as wave one, Ethereum will reach a bottom of $906.

The sub-wave count is black, suggesting that Ethereum still has more room to fall until it reaches its bottom.

Additionally, the daily RSI is oversold but has not yet generated bullish divergences.

The weekly and daily time frames give slightly different targets for the bottom of the ETH crash.

In any case, both suggest the price will break its previous bull market lows, making this the first time this has happened in history.

Ethereum’s Crash Not Over

The Ethereum price has fallen significantly this year without experiencing any notable relief.

After a failed rally in March, Ethereum continued its downward movement in April.

Different time frames suggest the downward movement will continue until ETH crashes below $1,000.