Ethereum (ETH) has experienced significant price volatility recently, plummeting below the crucial $1600 mark following a sharp 15% drop. This downturn has fueled investor anxiety, primarily driven by renewed macroeconomic concerns. The recent escalation of trade tensions following aggressive tariff announcements from President Trump and unexpected geopolitical developments have impacted both traditional and crypto markets. [Include further context on Ethereum price movements, including market capitalization, trading volume, etc.] The situation is now unfolding as investors anticipate a potential drop below $1400. Ethereum is currently approaching a key support zone that held strong previously, specifically around the $1520 to $1540 range. If ETH fails to hold above this level, the next significant downside target may be around $1400. [Explain further if necessary about the significance of the $1520 to $1540 support zone.] [If relevant, include an explanation for why the recent sell-off is a bearish trend and what this signifies for ETH price.] The situation took a turn for the worse after ETH broke below the key Fibonacci level of $1870 – $1880. This breach signaled a bearish trend, with analysts predicting a move toward the $1520 – $1540 range. The RSI has now entered oversold territory, which, while signaling potential for short-term bounces, doesn’t guarantee a market bottom. For example, in March, despite the RSI being oversold, ETH experienced a brief recovery before facing further declines. [Explain further about the effects of the RSI in relation to past price movements.] **Whale Activity and Market Fear:** A significant Ethereum whale witnessed a staggering $106 million liquidation on Maker over the weekend, involving 67,570 ETH. [Include more context if necessary on the whale activity, market fear, and what it means for future price movements.] In addition to this, Lookonchain revealed that an investor panicked-sold 14,014 ETH – worth approximately $22 million in a single evening, reflecting the heightened anxiety gripping the crypto space. [Explain further on how panic selling is impacting the market and if it signals a trend or just a temporary volatility.]