• 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.

The next price target for Ethereum

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