The past month has been rough. Ethereum’s price has tanked 33%, with sharp drops hitting hard in late February and early March. Investors seem to be losing faith fast. Ethereum’s spot ETF has seen big outflows—nearly 49,000 ETH pulled out in just the last two days. That’s a clear sign people aren’t betting on a quick rebound.
Technical signals aren’t helping either. The Bollinger Bands, a tool traders watch, are tightening up. That usually means a wild price swing is near. History shows when Ethereum’s price dips below the Bands’ baseline during these squeezes, it tends to fall, not climb. If that happens again, the price could tumble to $1,745—or even $1,500 if selling keeps up.
There’s still a glimmer of hope. The upcoming Pectra upgrade might spark some excitement. If big investors jump back in and ETF outflows turn around, Ethereum could climb to $2,141. But right now, that feels like a long shot. With weak momentum and bearish vibes dominating, Ethereum’s fight to hold its ground is looking tougher by the day. The next moves could make or break its near-term future.
