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Ethereum traders predict that ETH will bottom out after losing $3K

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Can Shiba Inu's UAE Energy Ministry Alliance Push It to
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EtherETH) has retraced 42% from its all-time high of $4,950 with traders wondering where the altcoin was likely to bottom out next.

Takeaways from the conference:

  • Ethereum traders expect the price of ETH to drop to $2100 if $2800 support fails.

  • Bulls are exposed to more risk due to the persistent Ether ETF bans, and a decrease in Treasury buying.

Analysis: 25% ETH price drop possible

The Data of Cointelegraph Markets Pro The following are some examples of how to get started: TradingView The evidence that showed the ETH/USD pair has dropped back below $3,000.

Daan Crypto trades analyst Daan Crypto comments on recent market price movements said Ether has risen in value despite the fact that this cycle was not what investors expected. “market structure and the Ethereum ecosystem have matured during this time,” adding:

“I can’t defend the price action this cycle, it has underperformed $BTC and many others massively.”

The accompanying graph suggested that if ETH dropped below its support of $2,800, it was likely to drop towards the next major level, around $2100. 

Weekly chart of ETH/USD Source: Daan Crypto Trades

Glassnode data showed The next major support level below $2.800 is around $2.100. This was where approximately 2.1 millions ETH have been acquired previously.

Related: Ethereum could get faster in January with gas limit rise to 80M

The following is a list of the most popular ways to contact us Polymarket Bettors have estimated that ETH will drop to $2,200-$2,200 by 2025. This is only an 11 percent chance. see Ether could be worth $2,500 again in the future, and there is a 83% probability that it will fall to $2,000 by 2026. 

Ether’s target price before the end of 2026. Source: Polymarket

Ether’s low for 2025 is $1,380The last time that the pair ETH/USD traded for $2,100, was May 9, 2009. The 42% drop from the all-time highest price is, however, relatively small. Prior bear cycles peaked after prices dropped by 80-90%.

Cryptocurrencies, Markets, Market Analysis, Altcoin Watch, Ether Price, Ethereum Price, Ethereum ETF, ETF
ETH prices are dropping from their all-time peak. Source: Glassnode

Ethereum ETFs can help reduce the risk for investors

The demand from institutions for US-based spot Ethereum exchange-traded funds Farside Investors data indicates that (ETFs have declined).

The assets managed by these products have decreased to $17.34 Billion from $533.1 Million in five days. 

“US-based Ethereum ETFs continue to see capital outflows,” CryptoQuant IT tech analyst said In his most recent post, X added:

“Investors are de-risking or quietly rotating away from ETH, suggesting no immediate comeback for Ether.”

Table of Spot Ether flows Source: Farside Investors

Capriole Investments: Additional Data reveals that daily purchases by Ethereum treasury companies have dropped from a peak of 78,010 ETH on Aug. 23  to 12,095 ETH per day. 

Ethereum: daily rate of Treasury buying. Capriole Investments

Although BitMine is accelerating its Ether buyingETH is a multi-chained cryptocurrency with multiple indicators. turned bearishThere is more to come. 

This article contains no investment recommendations or advice. Each investment or trading decision involves a certain amount of risk. Readers should do their own research before making any decisions. Cointelegraph, while striving to give accurate information and in a timely manner, does not guarantee accuracy, completeness or reliability. The article could contain statements which are forward-looking and subject to risk. Cointelegraph shall not be responsible for any damage or loss arising out of your reliance on the information.