Ethereum price fell 3% in the past 24 hours and was trading at $2,636 as of 03:29 EST, with trading volume increasing 17% to $20.3 billion.
The correction in Ethereum’s price came after Goldman Sachs increased its holdings of the spot Ethereum exchange-traded fund (ETF) by 20,00% in the fourth quarter of 2024. As a result, the investment bank’s ETF exposure increased from $22 million to $476 million.
Breaking News:
Goldman Sachs, the largest bank in the United States, with $2.8 trillion in assets, just bought a $450 million Ethereum ETF.
Banks are targeting your ether pic.twitter.com/IPZ0xPEBek
— Ash Crypto (@Ashcryptoreal) February 12, 2025
Ethereum price in correction
Ethereum price is showing a classic doming pattern, which usually signals a bearish reversal.
This pattern indicates that buying momentum is fading, leading to a decline in prices. Ethereum price traded close to $4,100 before declining significantly and breaking below a critical support level.
Moreover, according to data from GeckoTerminal, the previous consolidation phase around $2,750 (marked in purple) acted as support before the last major uptrend.
Now that Ethereum price has re-entered this area, it will be crucial to monitor whether this area acts as support or if Ethereum price breaks below it, further confirming the downtrend.
Due to the sharp decline, Ethereum price is now below the 50-day and 200-day simple moving averages (SMAs), which confirms the current bearish outlook.
The relative strength index (RSI) is currently at 33.46, approaching oversold territory (below 30).
While this suggests that Ethereum price could see a short-term rebound, the overall trend remains bearish unless the RSI strongly reverses above 40-50.
Ethereum Price Prediction
Ethereum’s technical indicators suggest that there is a risk of continued downside unless the 200-day SMA is recaptured. The $2,750 range serves as a previous consolidation area. If the Ethereum price cannot sustain above this, it could fall further to $2,500 or even $2,200, entering a deeper correction.
Conversely, Ethereum must re-break through $2,950-3,000 (200-day SMA) to resume bullish momentum. A recovery above $3,200 could mark the end of the bearish trend.
As Ethereum prices fall, investors are also buying a new meme coin called BTC Bull (BTCBULL), which popular YouTube channel 99Bitcoins (with over 724K subscribers) says has the potential to surge 10x after its launch.
BTC Bull Token Presale Raises Over $887K in Two Days — Best Crypto to Buy Right Now?
As Bitcoin heads toward $100,000, a new Bitcoin-themed meme coin is changing the game.
BTC Bull, a new and promising Bitcoin alternative, has already raised over $887,000 in its ongoing presale, which was launched about two days ago.
Bitcoin is expected to see significant growth — it is expected to rise from $100,000 to $250,000 and eventually exceed $1 million. Investors who hold BTCBULL tokens will receive Bitcoin airdrops when the market leader reaches $150,000 and $200,000. When Bitcoin reaches $250,000, the largest holders will also receive a huge BTCBULL airdrop, depending on the purchase amount of the project's community sale.
The system failed us. So we created a new one. BTCBULL is leading the way. pic.twitter.com/DSoZ7fPzt8
— BTCBULL_TOKEN (@BTCBULL_TOKEN) February 11, 2025
Holders will also benefit from the project's token destruction strategy. The team will systematically destroy BTCBULL tokens, permanently removing them from circulation. The goal is to increase scarcity and value.
Bitcoin BULL token holders can also earn passive income through the project’s staking platform, with an annualized yield (APY) of up to 441%.
Investors interested in participating in the presale can visit the BTC Bull official website and purchase BTCBULL tokens for $0.002355 each using BNB, ETH, USDT or a bank card.
$BTCBULL is now live in the upcoming tokens! @BTCBULL_TOKEN is a Bitcoin-reward based meme token that offers milestone-based airdrops as Bitcoin reaches new price levels.
With built-in incentives to buy, hold, and trade, $BTCBULL offers holders new ways to accumulate Bitcoin… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
Buy BTCBULL tokens in less than 4 days to ensure the best trading price.
English 
Chinese (China) 
Chinese (Hong Kong) 