Ether has taken a significant hit, dropping 30% over the past week and currently trading around $1,900. This steep decline has raised concerns among investors and analysts about the potential for further losses. The recent downturn has pushed Ether below the critical $2,000 psychological level, marking its lowest point in months.

As Ether's price plummeted, futures activity has also seen a sharp decline. Open interest in Ether futures has fallen by over $15 billion, signaling a decrease in trading activity. Analysts are now turning their attention to long-term technical indicators that could indicate a potential reversal in Ether's fortunes.

The current price drop has led many to focus on key support levels, particularly the $1,000-$1,400 range. Historical data shows that Ether previously fell below the 200-week simple moving average, which often precedes significant price drops. If past trends hold true, Ether may have further to fall before finding a bottom.

Bitcoin, the leading cryptocurrency, is also feeling the pressure, trading at $66,340 and down 21% over the past week. Other cryptocurrencies, including XRP and Solana, have also faced significant losses, contributing to a global crypto market cap decline of around 20%. This widespread downturn underscores the volatility of the cryptocurrency market.

Liquidations in the market have surged, with approximately $400 million in long positions liquidated in the last 24 hours. This reflects intense selling activity among traders, driven by fears of further declines. Some notable ETH holders, including Ethereum co-founder Vitalik Buterin, have also contributed to the selling pressure, indicating a lack of confidence in the current market conditions.

Analysts are closely monitoring various indicators to gauge where Ether might stabilize. The psychological levels of $1,500, $1,300, and $1,000 are being highlighted as potential support zones. These levels could serve as magnets for Ether's price, especially as trading volumes below $1,900 remain low.

The market sentiment surrounding Ether is cautious, with many investors weighing the risks of further declines against the potential for recovery. As the landscape continues to shift, traders are urged to stay informed and consider their options carefully.

In summary, Ether's recent 30% price crash has sparked concerns about its future trajectory. With key support levels in focus and significant liquidations occurring, market participants are left to ponder where the bottom might be. As always, the cryptocurrency market remains unpredictable, and prudent decision-making is essential for navigating these turbulent waters.