Ethereum (ETH), the second-largest cryptocurrency by market cap, is under intense pressure as fresh bearish headlines ripple through the crypto world. A major institutional sell-off reportedly triggered by new U.S. regulatory threats—paired with stagnating Ethereum ETF progress—has sparked panic across exchanges. Whales are unloading, retail is backing out, and analysts are now daring to ask: could Ethereum price actually crash to $600?
With ETH price currently hovering around $1,810, all eyes are on whether the support zone will give way. To assess the real risk, we turned to the charts—both daily and hourly—and the signals are sobering.
Ethereum Price Prediction: Is the Daily Chart Flashing a Breakdown Warning?
ETH/USD Daily Chart: TradingView
The daily Ethereum chart paints a stark picture. ETH price has been in a well-defined downtrend since mid-March, with consistent lower highs and lower lows. The Heikin Ashi candles show increasing bearish momentum over the past week. More worryingly, the price is trading well below all major moving averages—the 20, 50, 100, and 200-day SMAs.
The MA ribbon is clearly fanned out in bearish formation, with the 20 SMA (~$1,936) sitting far above the current price, indicating sustained selling pressure. ETH’s repeated rejections near the 20-day moving average show that bulls are completely overpowered at this level.
The Accumulation/Distribution Line (ADL) at ~1,588 continues to decline, signaling that money is flowing out of ETH rather than into it. This adds further confirmation that the broader market is de-risking Ethereum rather than preparing for a bounce.
The final daily support zone appears to be near $1,750. If this cracks, the next psychological support would be around $1,500, with the real panic zone lying near $600, last seen during the 2022 bear cycle. The chart currently offers no bullish reversal signs.
Does the Hourly Chart Hint at a Short-Term Rebound or More Downside?
ETH/USD Hourly Chart- TradingView
Zooming into the hourly chart, Ethereum tried a modest bounce above $1,870, but it was brutally rejected from the descending resistance trendline—visible just beneath the 200-hour SMA (~$1,896). The MA ribbon also clearly aligns in bearish formation, and the recent price dip pushed ETH back below all short-term moving averages.
While there was a momentary uptick in bullish momentum, the recent red Heikin Ashi candles show that sellers are still aggressively defending $1,850 and above. The hourly ADL around 1,544 suggests short-term accumulation attempts failed to gain traction, which again weakens the bull case.
Unless ETH price breaks and holds above the 200 SMA on the hourly chart, there’s no bullish structure to trust. The inability to hold even short-term gains underscores a deeper exhaustion among buyers.
What Are the Key Indicators Saying?
- Moving Averages (Daily + Hourly): All stacked in bearish alignment. ETH price is trading below every key SMA, showing clear downward trend continuation.
- Heikin Ashi Candles: Predominantly red, especially on the daily chart, indicating no let-up in bearish pressure.
- Accumulation/Distribution Line (ADL): Consistently falling, signaling money outflows and institutional exit.
- Volume (implied): Though not directly shown, the consistent price suppression below moving averages implies low buying interest even at discounted prices.
These indicators together point toward a continuation of the bearish trend, unless strong catalyst news or whale support flips the sentiment.
Could Ethereum Price Really Crash to $600?
It’s a shocking possibility, but not off the table. While $600 may sound extreme, it’s rooted in technical history—Ethereum price hovered near that zone during the brutal 2022 bear market. If ETH breaks below the $1,750 and $1,500 zones with high volume, a capitulation event could be triggered.
Given the recent geopolitical and economic shake-up, the possibility of Ethereum price crashing to $600 is no longer just fear-mongering it’s a scenario that’s starting to gain credibility. President Donald Trump’s announcement of sweeping tariffs has sent shockwaves through financial markets, triggering a sell-off across both traditional and digital assets. Bitcoin, which briefly climbed above $88,000, swiftly reversed and fell back to the $82,000 range, showing how sensitive the market is to political developments. Ethereum, being closely tied to Bitcoin’s price movements, is now in a vulnerable position.
If Bitcoin continues to fall under pressure from Trump’s tariff-driven economic instability, Ethereum price could follow suit and break through key support levels. A steep drop to $600, though extreme, could be triggered by panic selling and a broader loss of investor confidence—especially if macro uncertainty continues to escalate.
On the flip side, ETH is still the bedrock of DeFi, NFTs, and the majority of blockchain dApps. A $600 price would likely attract aggressive institutional re-accumulation, but that wouldn’t happen without massive fear-driven selling first.
Ethereum Price Prediction: Breakdown Before Breakout?
Based on both charts and on-chain signals, ETH price is teetering on the edge of a major support collapse. Unless ETH can reclaim and close above the $2,000 level soon, the trend remains decisively bearish. The $1,750 support zone is the last line of defense. If it breaks, Ethereum could start sliding toward the $1,500 range fast—and from there, a capitulation wick to $600 isn’t just doom-talk—it becomes a statistical probability.
