📉 Could Ethereum drop to $1,000? Experts warn of significant risks!
Ethereum (ETH) has lost nearly 20.4% of its value in the past month, currently trading around $1,877.46. This decline raises concerns: could ETH fall to $1,000?
🔥 Ethereum price situation in the past 30 days
Beginning of the month: ETH at $2,216.71
Peak: $2,550.37 (March 2)
Currently: $1,805.46 🔻 Down 28.59% from the peak
Lost important support at $1,900, could drop further.
📊 If ETH does not reclaim the $2,000 level, the risk of falling to $1,000 could become a reality.
📉 Will ETH drag down the stock market?
Ethereum has a close relationship with traditional financial markets.
S&P 500 down 4.48% this month, Nasdaq 100 down 5.59%.
If Ethereum continues to weaken, major altcoins and the entire crypto market could also face pressure.
🔻 Altcoins are also plummeting:
$XRP : -4.5%
$SOL : -9.4%
⛔ ETH leads the downward trend, raising concerns about the future of the entire market.
📊 Positive signs: Are investors still interested in ETH?
🚀 Despite the price drop, trading volume has surged:
Increased by 36.92%, reaching $14.48 billion/24h, peaking at $19.03 billion.
This indicates that investors are still strongly interested in ETH, possibly a sign of accumulation.
🔮 Could ETH rebound?
✅ Experts believe that ETH is in a profit-taking phase and could recover when:
Reclaims solid support above $2,000
Takes advantage of increased adoption in DeFi & banking stablecoins
📌 In the long term, Ethereum still has great potential. But in the short term, the risk of dropping below $1,500 - $1,000 may still occur if the market remains unstable.
📉 Do you think $ETH will drop to $1,000 or is this a buying opportunity? 🚀