Machine Learning Model Forecasts Ethereum Price Drop to $1,500 Following Four Consecutive Red Monthly Closes
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The Ethereum price could experience another major downturn, as the machine learning tool, CoinCodex, forecasts a sharp drop towards $1,500. Following four months of stagnant trading and bearish closures, technical metrics and sentiment analysis are indicating potential warning signs of a forthcoming correction soon.
Ethereum Price Potentially Dropping to $1,526
As per CoinCodex’s recent Ethereum price analysis, ETH may drop by 16.47% in the upcoming weeks, potentially hitting $1,526.06 by June 2, 2025. This negative outlook emerges during a tumultuous market phase where investor sentiment has weakened due to escalating macroeconomic challenges and unexpected declines in Bitcoin.
Related Insights
Interestingly, Ethereum’s technical situation continues to worsen, as it has recently closed its fourth consecutive month with a decrease. Data from Cryptorank indicates that Ethereum fell by 1.27% in January, followed by losses of 32.2% in February and 18.4% in March. The negative trend persisted into April, culminating in another 1.58% decline for the month.
Despite short-term rallies causing its value to rise briefly, Ethereum has consistently struggled to maintain these gains, concluding each month under selling pressure and contributing to the overall market downturn. CoinCodex’s analysis further illustrates a bleak scenario, suggesting that the leading altcoin has seen only 16 positive trading days out of the last 30, indicating unstable market conditions. Its price volatility, recorded at 6.43%, also points to a tumultuous market devoid of strong bullish momentum.
Looking ahead, CoinCodex anticipates not only a possible drop to $1,526 but also a sharper decline to $1,447.96 by August 1, 2025. This would signify a decrease of roughly 20.75% from present market levels.
The machine learning system has assessed that overall market sentiment for ETH is largely negative, suggesting that traders and investors envision further corrections and limited upward movement in the short term. This paints a cautious picture for Ethereum’s price outlook.
CoinCodex Indicates Now Is Not An Ideal Time to Acquire ETH
In light of its bearish outlook for Ethereum’s pricing, CoinCodex advises that this might not be the optimal moment to buy Ethereum. Curiously, while investor sentiment remains wary, the Fear and Greed index stands at 65, indicating a state of “Greed” and suggesting that market optimism may not align with the underlying bearish indicators.
Related Insights
In a related trend, major investors continue to purchase ETH significantly, taking advantage of low prices despite potential ongoing declines. Recent reports show a single investor bought 30,000 ETH tokens valued at approximately $54 million.
With dwindling price momentum and high levels of market uncertainty, ETH bulls may need to await clearer signs of stabilization and reversal before re-entering the market. According to data from CoinMarketCap, the Ethereum price is currently at $1,827, reflecting a yearly decline exceeding 38%.
Featured image from Unsplash, chart from Tradingview.com
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