• Ethereum saw its Money Flow Index fall into oversold territory, potentially signaling an undervalued asset
• Traders and investors need to be wary of bidding due to the overwhelming strength of the bears

Ethereum [ETH] has faced persistent selling pressure throughout 2025, and the bears have continued to exhibit their dominance.

It was reported that a wallet potentially linked to World Liberty Financial sold 5,471 ETH worth $8.01 million at $1,465, based on data from Arkham Intelligence.

The WLFI sale, combined with the market price’s fall below the realized price, painted a bearish picture for the leading altcoin.

ETH/BTC has also reached its lowest point since December 2019.

Based on the rally in November, the Fibonacci retracement and southward extension levels were plotted. The 123.6% extension at $1,944, which is just below the psychological $2,000 level, served as support in March.

The sustained selling pressure over the past two weeks saw this level flipped to resistance. Moreover, the horizontal level at $1,550 that had been support in September and October 2023 failed to halt the bears’ advance.

The Money Flow Index was at 11 and indicated extreme selling pressure recently. A bullish divergence between the indicator and the price has not yet formed.

Since the price was below $1,550, it was unlikely to recover. Instead, a retest of $1,550 could offer an opportunity for short sellers.

The 3-month Ethereum liquidation heatmap revealed $1,510 and $1,640 as short-term bullish targets. Beyond these, notable magnetic zones are at $1,860 and $2,000.

On the downside, $1,380 stands out as a significant liquidity pocket due to its size and proximity to the current price. It is the most probable short-term target.

Ethereum buyers are advised to remain patient and avoid bidding at $1,380, even though a price bounce is likely after reaching this level.

Overall, the long-term trend remains strongly bearish. While a minor price recovery toward $1,640 is possible, bears are expected to maintain dominance.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion