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Ethereum’s price could face another significant accidentas automatic learning algorithm, Coincodex, foresee A strong drop in $ 1,500. After having undergone four consecutive months of lateral trading And the Bearish closures, the technical indicators and the sentiment data are flashing warning signals of an imminent correction in the coming weeks.
Ethereum price crash at $ 1,526 on the way
According to the latest provision of the Ethereum price of Coincodex, Eth will decrease From 16.47% in the coming weeks, potentially reaching $ 1,526.06 by June 2, 2025. This bearish projection arrives in the midst of a turbulent market cycle in which the feeling and trust of investors have launched due to the increase Macroeconomic pressures and unexpected drops in Bitcoin.
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In particular, Ethereum’s technical prospects continue to deteriorate as it has just ended its fourth consecutive monthly red candle. Cryptorank’s data It shows that Ethereum recorded a dive of 1.27% in January, followed by more sharp losses of 32.2% in February and 18.4% in March. The downward trend continued in April, with the cryptocurrency that closed the month in red with another drop of 1.58%.
Despite Short intra-metal rallies This saw its value increase abruptly, Ethereum has not constantly managed to support the earnings, closing every month with the increase in sales pressure and guide the wider market withdrawal. Coincodex data further paints a dark picture, highlighting that the maximum of Altcoin recorded 16 green days of the last 30, reporting the resistance of the unstable market. Its volatility of prices, measured to 6.43%, also reflects a rough market that lacks a clear bullish conviction.
Going forward, Coincodex not only provides that Ethereum could break down to $ 1,526, but also expects a steep price accident to $ 1,447.96 by August 1, 2025. This would represent a drop of about 20.75% from current market prices.
The automatic learning algorithm has declared that a wider market The feeling for ETH is currently BearishWhich implies that traders and investors still provide for further corrections and a short -term limited ascending moment. Overall, this indicates a cautious perspective for Ethereum’s prices prospects.
Coincodex now says it’s a bad time to buy Eth
Given his Booking forecast for the price of EthereumCoincodex suggests that now it may not be the best time to buy Ethereum. It is interesting to note that, while the feeling of the investors remains cautious, The index of fear and greed It is at 65, reflecting a state of “greed” and suggesting that the optimism of the market could exceed the underlying boass fundamental.
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Based on this, the cryptodes are still buying Eth in droves, capitalizing at low prices despite the possibility of a continuous drop -down tendency. Recent reports reveal that a single whale has purchased 30,000 ETH token for a value of about $ 54 million.
With Momentum price smoothed price And the macro uncertainty is still high, the Eth bulls may have to wait for market stabilization and the clearer signals of reversal before returning to the market. According to Coinmarketcap data, the Ethereum price is currently exchanged at $ 1,827, marking an annual drop of over 38%.
In the foreground image from Usplash, a graphic designer from tradingview.com