The post Ethereum price risks falling below $1,000 as theory points lower appeared on BitcoinEthereumNews.com.

Ethereum price consolidates near the point of control after rejecting $4,800 resistance. Market Auction Theory suggests a potential rotation toward $870, risking a drop below $1,000. Summary Range Structure: Ethereum trades within a macro range between $4,800 resistance and $870 support. Current Level: Price consolidating near the point of control (POC). Downside Risk: Market Auction Theory favors rotation toward $870, risking a move below $1,000. Ethereum (ETH) price is currently trading within a large macro trading range that has defined price behavior over an extended period. The upper boundary of this range sits near $4,800, while the lower boundary is positioned around $870. This broad structure has acted as the framework for Ethereum’s price action as the market continues to rotate between areas of high and low value. Ethereum price key technical points Range Structure: Ethereum continues to trade within a macro range between $4,800 resistance and $870 support. Point of Control: Price is currently consolidating around the POC, a major equilibrium level. Downside Target: Market Auction Theory suggests a potential rotation toward the $870 range low. ETHUSDT (1W) Chart, Source: TradingView Ethereum’s rejection from the range high resistance near $4,800 marked a significant technical development for the broader market structure. Range highs often act as areas of heavy supply where sellers begin to step into the market. When price is unable to sustain acceptance above these levels, it typically signals that bullish momentum is weakening and that a corrective rotation may follow. Following the rejection at resistance, Ethereum’s price rotated lower and has now returned to the point of control, which represents the area where the highest volume within the range has been traded. The POC often functions as a magnet for price during periods of consolidation because it reflects a fair value zone where both buyers and sellers previously agreed on price. At the moment, Ethereum is attempting to hold above this level as the market…

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Filed under: News - @ March 9, 2026 10:25 pm