Ethereum is facing projections of a sharp price decline, with CoinCodex predicting a fall to around $1,526 after four months of poor performance. Investors are cautioned against buying at present, despite some crypto whales still purchasing ETH due to low pricing. Market sentiment remains bearish, with many awaiting clearer signs of recovery as Ethereum trades at $1,827, down over 38% over the year.
Ethereum faces a potentially steep price drop, with CoinCodex’s machine learning algorithm forecasting a decline towards $1,500. After finishing four months of lacklustre trading and bearish closes, signals from technical indicators and market sentiment are sparking concerns over an impending correction, likely to materialise soon.
In its latest price prediction, CoinCodex estimates a significant decline for ETH, potentially hitting $1,526.06 by June 2, 2025, marking a 16.47% drop. This projection arises in the context of a shaky market environment, where investor sentiment has been shaken by rising macroeconomic tensions and unexpected downturns in Bitcoin.
Ethereum hasn’t had a break, closing out April with another dip, maintaining a four-month streak of red. To detail the trend, January saw a 1.27% decrease, which escalated sharply with losses of 32.2% in February and 18.4% in March. April continued this negativity, adding a further 1.58% drop, culminating in four consecutive months of declines.
Despite some momentary recoveries, Ethereum’s ability to sustain any gains has been poor, overwhelmed by persistent selling pressures, which have significantly impacted the broader cryptocurrency market as well. CoinCodex’s report highlights that Ethereum saw only 16 positive trading days out of the past month, suggesting underlying market instability. Additionally, its price volatility stands at 6.43%, pointing to a turbulent market environment without clear bullish signs.
Looking ahead, predictions suggest a drop to $1,447.96 by August 1, 2025, signifying a further decline of about 20.75% from current values. The algorithm’s indicators show that the prevailing sentiment among traders remains bearish, hinting at expectations for further market corrections and limited upward swings in the immediate future.
With these bearish forecasts in mind, CoinCodex advises that now may not be the ideal moment to invest in Ethereum. Intriguingly, while investor feelings are somewhat apprehensive, the Fear and Greed index reads at 65, indicating a state of “Greed” and suggesting that optimism may be misaligned with the negative underlying market conditions.
Nonetheless, significant crypto investors, or whales, are still diving into ETH purchases, seizing what they view as lower price opportunities. There are reports of a whale snagging 30,000 ETH tokens for around $54 million, a notable buy even as the broader market hints at ongoing downturns. Given the current market conditions, those banking on Ethereum’s resurgence might have to bide their time for more stable and positive market indicators before re-entering the fray. At present, Ethereum is trading at $1,827, reflecting a yearly depreciation exceeding 38%.
