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Ethereum is in the face of the renovated sales pressure, and the entire cryptographic market enters a fresh relegation tramp in the last 24 hours. This re -sales pressure price Ethereum has lost a robust level of support in the amount of USD 1,800, which means that it will drop by about 14.5% from the price 24 hours ago at the time of writing.
The commercial trend shows that the price of Ethereum is it will break below USD 1500, and one analyst even suggests a potential break of up to $ 1000. However, despite a edged decline, technical patterns suggest the possibility of re -reviewing much higher price levels up to USD 3,933, especially to fill in many Futures CME contracts, which are still open above.
Ethereum will break below key support, a greater failure before
The loss of support worth USD 1800 strengthened the bear case for Ethereum, especially among the wider weakness on the Altcoin market. One of the more blunt shots comes from the cryptographic analyst Andrew Kanga, who argued The price of Ethereum is actually overstated. He described the market capital Ethereum in the amount of $ 215 billion as “funny” for what he calls “negative growth/profitability”.
According to Kanga, the rush of speculative winds, which used to ignite the augment in Ethereum prices, dried up, and the repetition of the zone from 1000 to 1500 USD is Not only likely, but overdue. What adds weight to Kang’s warning is how quickly it seems that the market He confirmed his fears.
Since his statement, the market capitalization of Ethereum has dropped significantly, moving to $ 186.5 billion at the time of writing. Although there is a decline Due to other market factorsThe pace and depth of this inheritance suggest Investor’s trust in Ethereum It may be lower than expected, without immediate signs of reversal. If the pressure of the bear is maintained, the Ethereum may soon be at the lower end of Kanga’s expected range in the amount of 1000 USD.
CME gaps above USD 2,500 offer technical acceptance prospects
Even when the trends of price shares decrease, the Futures CME Ethereum chart tells a different story. Titan of Crypto he pointed to it Three separate CME gaps are not filled above the current market level. They include a gap between USD 2,550 and 2625, another from USD 2,890 to 3,050 USD, and partly filled with a third gap from 3917 to 3,933 USD.
The GAP CME theory is rooted in observing that assets prices often return to fill these voids, even if the traffic lasts weeks or months. In the case of Ethereum, the chances of returning to the CME gaps are very low in the tiny period.
However, considering that Q2 2025 is just beginning, there is still enough time to be a witness Need pressure to buy To fill these levels before the end of the year. At the time of writing, Ethereum trads $ 1,540, which is 14.5% in the last 24 hours.
A distinguished picture from Unsplash, tradingview.com chart
