Why Ethereum Could Tank Another 25% Before Finding a Bottom: Analysis
Ethereum is under heavier pressure than Bitcoin, with ETH falling below $2,000 and dropping to an intraday low near $1,815. Sentiment is bearish because of leadership departures at the Ethereum Foundation, high-profile selling, and 15 straight days of net Ethereum ETF outflows. Prediction markets now price a 71% chance ETH falls to $1,500 before recovering. Technically, ETH has broken key support at $2,000 and remains in a pattern of lower highs and lower lows. RSI around 34 suggests bearish conditions but not yet deeply oversold. ADX is rising, indicating the downtrend may be strengthening. The 50-day and 200-day EMAs, near $2,194 and $2,510, are now resistance, and a death cross may be forming. Bulls are banking on mean reversion, a possible macro relief rally, and future network upgrades, but near-term signals remain weak. Key downside levels are around $1,700, then $1,400.
