Ethereum (ETH) price continues to capture market attention, with a bold price forecast of $18,000 by September 2025. Market analyst @best_analysts has outlined this projection based on Ethereum’s ascending price channel. In fact, consistent institutional interest and the broader crypto market trends have added to the projections.
Despite recent volatility, Ethereum has remained within a well-established upward trend, indicating strong long-term potential. The next few months will be crucial in determining whether ETH can maintain its trajectory and reach new record highs.
Ethereum Price Trend and Market Cycles
Ethereum price is in an ascending channel, creating higher highs and higher lows, which reasserts its bullish outlook. ETH recently tested a key support level and rebounded, a move which traders see as a positive signal.
Ethereum historical data indicates that it normally follows Bitcoin price and its growth potential is closely linked to Bitcoin’s performance. Meanwhile, as Bitcoin continues to break new highs, Ethereum could witness a parabolic rally propelling its price towards its projected $18,000 by end of 2025.
Ethereum Faces Short-Term Weakness Despite Bullish Long-Term Outlook
The short term price action for Ethereum has been impacted by increased selling pressure. That, combined with market uncertainty can be bullish for the overall trend in the long-term. A key support level failed in ETH as it earlier dropped to $2,708 in a 5.61% drop in 24 hours.
Market analyst AMCryptoAlex stated that Ethereum has dropped to its lowest price since January 2024. It saw over $500 million in leveraged positions liquidated. Support at $2,700 is meticulously watched by the traders as a pullback decline could take the price down to $2,500 or lower.
Ethereum Open Interest Drops as Traders Exit Positions
The drop shows a decrease in the number of participants in the market and an enormous downfall in the open interest (OI) data of Ethereum. Ethereum’s total open interest has decreased 19.55% in the past 24 hours, suggesting traders were closing positions as market sentiment remained uncertain.

Perpetual contracts are down 20.20% to $11.4 billion of the total open interest of $11.9 billion. The open interest through futures contracts has declined 3.28% to $556.4 million.
The reduction in open interest shows a reduction in the level of leveraged trading that could be due to worries about market stability and rising market volatility. Nevertheless, the increase in the open interest may suggest a rebound in trader confidence, which may contribute to a possible rise in the price of Ethereum again.
Ethereum Price Technical Indicators and Key Levels to Watch
Ethereum’s technical indicators show a bullish long term trend, falling short term momentum. Historical price history indicates continued growth yet current indicators show the presence of selling pressure.
A golden cross can be seen, where the 13-day EMA remains above the 49-day EMA, a signal that often supports an uptrend continuation. However, Ethereum is trading below both moving averages, indicating that a strong recovery is needed before the trend can resume upward momentum.

The bearish sentiment is reflected in the indicator, since the MACD line is below the signal line. This indicates that until such time, selling pressure remains dominant in a shorter time frame. The daily chart meanwhile shows RSI level at 31.43 with the chances of price rebound as the indicator approaches the oversold threshold of 30.
Ethereum (ETH) will have to reclaim the $3101 level as it serves as a key support-turned-resistance for Ethereum to regain the necessary strength. A break above $3,282 – $3,420 could be the first hint of bullish reversal, and a failure to hold onto that area could hand more downside.