Ethereum (ETH) Price Reaches a Crucial Level Near $1800 as Investors View This Dip as an Ideal Buying Opportunity

Today, March 13, 2025, a prominent crypto expert shared a post on X (formerly Twitter), stating that the key level for Ethereum is $1887, where whales and investors have accumulated 1.63 million ETH tokens.

Cryptocurrency prices have fallen sharply in recent days. As a result, the world’s second-largest cryptocurrency, Ethereum (ETH), has reached a key level.

Key Level for Ethereum (ETH)

At this level, whales and investors have accumulated 1.63 million ETH tokens.

Currently, the most important support level for #Ethereum is $1,887, where investors accumulated 1.63 million $ETH!

This post is now going viral and has garnered attention from crypto enthusiasts, who are discussing whether it's a good sign for investors or an ideal buying opportunity.

According to an expert's technical analysis, ETH is approaching a crucial support level at $1,800. If the asset fails to hold this level, it could decline significantly in the coming days.

If ETH manages to stay above the $1,800 level, it could rise by 20% to reach $2,200 in the next few days. However, if it falls and closes a daily candle below $1,780, it could drop by over 16% to $1,500.

At present, ETH's Relative Strength Index (RSI) is close to the oversold area, which indicates low strength in the asset and suggests that the price may decrease in the upcoming days.

ETH Price Technical Analysis: Is It a Good Time to Buy Ethereum?

At the time of writing, ETH is trading at a price of $1,840, registering a decrease of over 2.5% in the past 24 hours. However, its trading volume has dropped by 30% in the same period, indicating lower participation from traders and investors.

Traders Over-Leveraged Levels

Examining the price drops, intraday traders appear to have a bearish outlook, as reported by the on-chain analytics firm Coinglass.

The data reveals that traders are massively over-leveraged at $1,795, where they currently hold $285 million worth of long positions. Another heavily leveraged level is at $1,920, at which traders have $650 million worth of short positions.

This on-chain metric partially confirms that traders are currently bearish on ETH and anticipate the price to stay below the $1,920 level.