Could ETH Plunge Below $1,000 Amid Market Turmoil?
this The crypto market already has blood Throughout February, Bitcoin fell to its low price in 2021, trading at $86,000, and Ethereum, the second largest mountain coin, also faces huge turbulence. ETH falls below $2,500 A large number of $1.5 billion hackers It is said that it was allegedly led by North Korea’s Lazarus Group, triggering a 25% price. Now, analysts warn Benjamin Cowen that ETH could sink, possibly even below $1,000 before any meaningful recovery.
Bearish signal accumulation
The recent price movement of ETH is largely bearish, with its collapse below key support, indicating possible further disadvantages. The charts provided show that ETH can reflect past vote events in April and August, which could be below $1,000. If historical self repeats itself, this sharp decline may have a strong rebound, but only if the macroeconomic conditions are good.
Don’t forget that the Fed’s position on quantitative easing (QE) is a key factor in affecting ETH’s perspective. At present, there is no indication that the Fed is ready to inject liquidity into the market, which could worsen the downward trend. If this tense monetary policy continues, Ethereum could drop below $1,500 and could fall to $1,200 or even $1,000 before stabilization.
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Can Ethereum be restored?
The shift in the Fed’s monetary policy may be a catalyst for a reversal. Historically, Ethereum has benefited from an increase in liquidity following quantitative events, which often leads to a surge in the ETH/BTC ratio. If the Fed reintroduces stimulus metrics by March 2025, Ethereum could rebound significantly.
Crypto analyst Traderpa believes Ethereum has exceeded sales and is currently trading within its largest historical order range. Despite the bearish market, he remains confident in the chart, which indicates a potential rebound.
Currently, Ethereum is still under tremendous pressure, with analysts warning that the worst may not be over. However, if ETH holds over $2,000 while improving market conditions, the remaining $3,500-4,000 yield is still on the table.
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FAQ
Ethereum declined due to $1.5B bybit hack and bearish market trends, with analysts warning potential below $1,000.
According to our Ethereum price forecast for 2025, ETH prices can reach up to $5,925.
According to our latest ETH price analysis, the highest price for Ethereum could reach $123,678.
By 2050, an Ethereum price could be as high as $255,282.
