Ethereum Price Alert: Analyst Warns of Potential Drop to $1,400
Ethereum faces potential decline to $1,400 as analyst Klejdi warns of continued bearish pressure, while whales show signs of capitulation in the market.
Ethereum (ETH) could be headed for more turbulent times ahead, according to prominent crypto analyst Klejdi, who predicts a potential drop to $1,400 levels. This bearish outlook comes as recent market recovery signs prove short-lived, with ETH showing particular weakness against Bitcoin.
Technical Analysis Points to Further Downside
The second-largest cryptocurrency by market capitalization has already demonstrated significant weakness, losing approximately 12% of its value in just three days following a failed breakout attempt. This price action aligns with broader market uncertainty, as Bitcoin retreats from recent highs above $81,000.
Key technical indicators suggest ETH could experience:
- Initial consolidation around current levels
- Formation of new bearish patterns
- Potential drop to $1,400 support zone
Whale Activity Signals Market Sentiment
Adding to the bearish outlook, on-chain data from Lookonchain reveals concerning whale behavior. A notable early Ethereum investor who had held 5,001 ETH since 2017 ($277 entry) has completely liquidated their position. This capitulation from long-term holders could signal broader market pessimism.
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Contrarian Views: The Bull Case for ETH
Despite the bearish signals, some analysts maintain optimistic outlooks. Virtual Bacon suggests ETH is merely retesting key support levels between $1,700 and $2,100, while Crypto Patel projects ambitious targets of $7,000-$10,000 for Q2-Q4 2025.
Key Price Levels to Watch
- Current Price: $1,850
- Key Support: $1,400
- Resistance Zones: $2,100, $2,500
- Accumulation Range: $1,300-$1,900
FAQ
Q: What’s causing Ethereum’s underperformance?
A: The primary factors include Bitcoin’s dominance, broader market uncertainty, and potential whale capitulation.
Q: When might ETH reach its bottom?
A: Analysts suggest the $1,400 level could serve as a strong support zone, potentially forming a bottom in the coming weeks.
Q: Should investors buy ETH at current levels?
A: While some analysts recommend accumulating between $1,900-$1,300, it’s crucial to practice proper risk management and consider your investment timeline.
