ETH Downtrend Not Over? Why Ether’s Next Stop Could be $1,500
Ether's price is falling below key metrics, suggesting the downtrend may continue toward $1,500 due to bearish technical indicators and selling pressure.Summary
Ether (ETH) has dropped below $1,900, extending its 30-day losses to 38%, partly due to negative investor sentiment surrounding tariffs. Several indicators suggest further downside risk. ETH is trading below its realized price (the average cost basis of all coins), a historical marker for bearish continuation phases, similar to previous major drops in 2022 and 2018. Furthermore, the 50-week Exponential Moving Average (EMA) has not yet crossed below the 100-week EMA, a technical event that has historically signaled the end of bear markets. Traders also observe a bear flag pattern on the daily chart, targeting a potential bottom between $1,400 and $1,500. Adding to the bearish outlook, the Ethereum Coinbase Premium Index is deeply negative, indicating significant selling pressure from US traders, while US spot Ethereum ETFs have seen five consecutive weeks of outflows, totaling nearly $1.3 billion withdrawn recently.
(Source：Cointelegraph)