Ethereum price drops to $1.8K as data suggests ETH bears are not done yet

CoinTelegraph

by Nancy Lubale

February 24, 2026

AI-Generated Deep Dive Summary

Ethereum's price has dropped significantly, falling below $1,900 during Asian trading hours on Tuesday. This decline extends a 30-day loss of 38%, influenced by President Donald Trump's tariffs, which have soured investor sentiment across markets. The drop highlights weak technical indicators and bearish on-chain signals, suggesting further downward pressure. Several factors contribute to this downturn. Technical analysis reveals that Ethereum's price may continue to fall before bulls make any recovery attempts. Market sentiment has been particularly affected by ongoing Ethereum ETF outflows, which add to the selling pressure. Additionally, on-chain data indicates a bearish environment, with metrics like wallet activity and transaction volumes pointing towards a sustained downtrend. This situation underscores broader risks in the cryptocurrency market. Investors must remain cautious as market volatility increases. The persistence of negative technical signals and external economic factors like tariffs create a challenging landscape for crypto assets. For those interested in crypto, understanding these dynamics is crucial for informed decision-making and risk management strategies.

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Originally published on CoinTelegraph on 2/24/2026