Key Takeaways:
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The Ether Price previously fell 60% from a bearish cross that is back in play.
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ETH must hold above $4,000 to avoid further losses.
Ether (Eth) The MACD indicator sent a “sell” signal on its weekly chart, an event that was preceded by steep price drawdowns.
Previous signals led to a 46%-60% drop in ETH price
Ether’s Moving Average Divergence (MACD) flashed a bearish signal in early 2025, a period that saw the price of ETH fall more than 60% in a matter of weeks.
A similar pattern is now unfolding in October, increasing the likelihood of a deeper decline in the coming days or weeks.
Related: Bitmine appears to buy dip as eth is down 20% from peak
The MACD is a popular momentum indicator used in technical analysis that helps traders identify the strength, direction, and duration of a trend in an asset’s price.
The indicator has made a bearish cross on the weekly chart, as shown in the figure below.
Past instances show that ETH tends to fall sharply when the MACD line (blue) crosses below the signal line (orange). The altcoin losses were 46% in mid-2024 and 60% in Q1 2025.
“Ethereum Weekly Macd Cross to Red dislikes after 22 weeks green,” said Crypto analyst Damus in a Tuesday post on X, added that the last three times the bear cross occurred were followed by significant drops in the price of ETH.
Fellow analyst Titan of Crypto warned his followers to be “prepared for any scenario” once the signal was confirmed.
Oh #Ethereum Shifting momentum? 👀
After breaking more than a set of highs, $ Eth Looks like a re-entry into the weekly range.
Even though the week is not yet closed, the MACD is currently crossing Bearish.
Confirmation is required, but one should be prepared for any scenario. 🫡 pic.twitter.com/zi6d68jmdr
– Titan of Crypto (@washigorira) October 16, 2025
Other ETH price analysts suggest that the Altcoin may continue to retreat To again lower support levels before launching another rally towards $5,000.
Bulls should keep ETH price above $4,000
Ether’s price is approaching a critical juncture as it supports the $4,000 support level, an area it has held since then It was reclaimed in early August.
The bulls should keep the ETH price above this level to increase the odds of its continued ascent.
Note that the last time Ether dropped below this level was in December 2021, it was followed by a 78% drop in the price of ETH, which dropped to around $880 during the 2022 bear market.
“As long as the price of ETH holds above the $3,899 support level, a direct move to the upside remains possible,” said Elliott Wave Analyst Man of Bitcoin in an X post, adding:
“A break below this level would suggest that a larger correction is not unfolding.”
Trader Koala said ETH is currently in a “weekly breakdown and loss of momentum” after missing support at $4,200.
“We will likely see a downward acceleration sooner rather than later.”
This is a weekly breakdown and loss of momentum.
It’s not a bullish chop (that’s coping from bulls)
We will likely see downward acceleration sooner rather than later.
Weekly range of low deviation?
Maybe.
But I wouldn’t bet on that. pic.twitter.com/4fq2oSoo7j
– Trader Koala (@trader_koala) October 16, 2025
Count Cointelegraph reportedEther bears are currently in control and are focused on pushing the price below the lower boundary of a descending channel at $3,745 on the daily timeframe.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.
