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The price of ethereum can face another significant disasteras a machine learning algorithm, Coincodex, predicts A acute decline in the direction of USD 1500. After surviving four consecutive months Side -to -side trade And Barish closed, technical indicators and mood data are flashed by the signal signs of the approaching correction in the coming weeks.
Price price Ethereum up to USD 1526
According to the latest price forecast Ethereum Ethereum, ETH is expected to fall by 16.47% in the coming weeks, potentially reaching USD 1,526.06 until June 2, 2025. This bear appears in a turbulent market cycle, in which the moods and trust of investors ranged due to growth Macroeconomic pressure and unexpected declines in Bitcoin.
In particular, Ethereum technical perspectives are still getting worse because it has just finished its fourth in a row monthly red candle. Cryptoraank data It shows that Ethereum experienced 1.27% in January, followed by sharper losses of 32.2% in February and 18.4% in March. The downward trend lasted until April, and the cryptocurrency closed the month in red with another 1.58% decrease.
Despite Tiny rallies inside the month This recorded its value rapidly, Ethereum consistently did not maintain profits, closing herself every month with growing sales pressure and Conducting a wider market payout. Coincodex data additionally paint a gloomy image, emphasizing that the best Altcoin was recorded by 16 green days of the last 30, signaling unstable market strength. Its price variability, measured at 6.43%, also reflects Co -charged market This is lacking in a clear stubborn belief.
Moving forward, Coincodex not only predicts that Ethereum can share to USD 1526, but also expects a steep price to be up to USD 1,447.96 until August 1, 2025. This drop by a decrease by about 20.75% compared to current market prices.
The machine learning algorithm stated that the wider market The fondness for ETH is currently bearsuggesting that traders and investors still provide for further corrections and limit the rush up in the near future. In general, it points to a cautious look at the price of Ethereum.
Coincodex says it’s now a bad time to buy ETH
Considering this Bears forecasts at the price of EthereumCoincodex suggests that now there may not be the best time to buy Ethereum. Interestingly, while investor moods remain careful, Index of fear and greed It is at the age of 65, reflecting the state of “greed” and suggests that market optimism may overtake the basic basics of the bear.
Based on this, cryptographic whales still buy ETH in crowds, using low prices despite the possibility of constant decline. Last Reports Reveal that one whale bought 30,000 ETH tokens worth about $ 54 million.
WITH The price of the price disappears And the macro uncertainty is still high, ETH Bulls may require waiting for market stabilization and clearer reversal signals before entering the market again. According to Coinmarketcap data, the price of Ethereum is currently 1,827 USD, which means an annual decrease by over 38%.
A distinguished picture from Unsplash, tradingview.com chart
