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Highlights
- Ethereum price has dropped 12% in the past four days due to Bitcoin's bearish market outlook.
- CZ quashes Ethereum delisting rumors, saying "Whoever believes this deserves to be poor."
- ETH price is unlikely to drop below $1,500, but a bounce to $3K or higher is possible with the SEC's approval of Ethereum ETF staking.
Ethereum (ETH) price has dropped nearly 12% in the past four days, after setting up a daily high of $2,097. This downtrend comes as Binance founder Changpeng Zhao, aka CZ, addresses the ETH desliting rumor. The founder said the rumor that claims Binance will delist Ethereum is not true. Mockingly, CZ added,
“Whoever believes this deserves to be poor.”
The crypto market is torn between investors who believe that Bitcoin (BTC) is heading into a bear market and traders who think the second quarter of 2025 will resume the bull run, potentially pushing Bitcoin’s price to new highs. As a result of this uncertainty, Ethereum and other altcoins are suffering, leading to massive losses.
Regardless of what crypto investors believe, if BTC price continues to drop lower, ETH’s value will continue to plummet as well. Can price crash below $1,500? Let’s explore key support and resistance level to watch along with Ethereum price prediction and analysis.
Ethereum Price Prediction & Analysis After Binance Delisting ETH Rumor Dies Down
The monthly or weekly charts for Ethereum shows that the bullish trend is in jeopardy. However, the bulls can still make a comeback if the $1,492 support level or roughly $1,500 barrier is defended.
A strong demand around $1,500 that creates a bottom could reignite the bull run for Ethereum price. This forecast for ETH is based purely price action formed on the monthly or weekly.
The short-term outlook for Ethereum price and the bias is revealed when looking at the daily time price opportunity (TPO) chart. This chart tracks the time spent by Ethereum at key levels rather than volume.
The price action for ETH between March 10 and 17, created a value area that extends from $1,874 to $1,924. The recent crash in Ethereum was supported by demand in this area. So far, the value area low at $1,874 is holding strong. If the outlook for Bitcoin improves, investors can expect price to bounce and revisit the $2,000 psychological level next. This is the short-term target for next week.
From a swing trade perspective, investors can expect the Point of Controls (POCs) at $2,180, $2,286, and $2,362 as the next key take profit levels, assuming the $1,874 support level holds.
So, the chances of Ethereum price dropping below $1,500 is slim especially if Bitcoin price halts its south-bound move and sets upa higher low here. Regardless, some expect, BTC to drop to $82K, which could suggest that there is a chance ETH could hit $1,500, but a breakdown of this key level on weekly or month level is highly unlikely.
A hopeful outlook for the future is the SEC’s approval of Ethereum ETF staking, which could improve the odds for Ethereum price and potentially spark a bounce to $3K or higher.
Frequently Asked Questions (FAQs)
1. Why is Ethereum price dropping?
2. Will Ethereum price crash below $1,500?
3. What is the outlook for Ethereum price?
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