American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Ethereum price prediction: here’s why ETH is heading to $1,500

by admin March 30, 2025
March 30, 2025
Ethereum price prediction: here’s why ETH is heading to $1,500

Ethereum price made a strong bearish breakdown during the weekend, reaching a low of $1,835, its lowest level since March 13. It has plunged by over 55% from its highest level in 2024.

Why Ethereum price has crashed

Ethereum has crashed because of its ecosystem challenges and the ongoing macro factors. Internally, Ethereum has plunged because of the ongoing outflows in the spot Ethereum ETFs. 

Data by SoSoValue shows that ETH ETFs have had net outflows in all days this month other than March 2 and 28. These funds have had a cumulative net inflow of just $2.4 billion, bringing their net assets to $6 billion.

Ethereum ETFs have largely failed because of a lack of demand from Wall Street investors. Most of these investors prefer holding and staking ETH, which earns them a good staking return of about 3%. 

Read more: Ethereum price prediction after the $238 billion wipeout

ETH price has crashed because of the soaring competition from the layer-1 and layer-2 industry. Most of its competition is coming from companies layer-2 networks like Base and Arbitrum. These networks are known for having higher transaction speeds and low costs. 

Ethereum is also seeing more competition from layer-1 networks like Sui, Solana, and BNB Chain. These factors explain why many analysts have warned that ETH price could crash further. For example, Standard Chartered analysts have lowered their target by 60% to $4,000.

ETH price also dived because of the recent leadership crisis at the Ethereum Foundation. 

Ethereum price crashed because of weak technicals

ETH price chart by TradingView

Further, technicals suggest that ETH price has more downside to go. The weekly chart shows that Ethereum price made a risky pattern known as a triple-top in 2024. 

This pattern formed as Ether failed to move above the key resistance point at $4,036 three times. It has now crashed below the important support level at $2,113, the neckline of this pattern and its lowest point on August 5.

Ethereum price has plunged below the 50-week and 200-week Exponential Moving Averages (EMA). A crossover of these two averages will be a death cross, one of the riskiest patterns in the market. 

ETH price has also plunged below the 61.8% Fibonacci Retracement, commonly known as the golden ratio at $1,940. The Relative Strength Index (RSI) and the MACD indicators have all pointed downwards. Ethereum coin has also formed a bearish flag chart pattern, a popular continuation sign. 

Therefore, Ethereum price will likely continue falling as sellers target the key support at $1,500, a psychological point that is about 20% below the current level. A move above the key resistance point at $2,113 will invalidate the bearish outlook.

Read more: Ethereum price prediction March: Is another 50% crash possible?

The post Ethereum price prediction: here’s why ETH is heading to $1,500 appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
XRP price prediction: why it could crash despite the good Ripple news
next post
Best blue-chip ETFs to buy as Donald Trump’s trade war escalates

Related Posts

USD/TRY forecast after the Fed and CBRT interest...

June 20, 2025

Rivian stock price forecast: the best contrarian bet...

December 10, 2024

Here’s why the Honda Motor stock price has...

December 2, 2024

Here’s why rand (USD/ZAR), South African stocks, bonds...

June 7, 2025

USD/ZAR analysis: megaphone pattern points to rand crash...

February 27, 2025

Top 5 Gold Stocks on the TSX in...

April 11, 2024

Rivian stock price analysis: RIVN is at crossroads...

February 17, 2025

Tesla Delivers Highly Anticipated Q1 Results, Musk Promises...

April 24, 2024

Lithium Universe

February 10, 2024

AT&T stock price is soaring: is it a...

April 5, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,573)
    • Investing (2,700)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved