Ethereum Price Prediction：Will ETH Fall to $1,500?

Due to a significant dip over the last day, Ethereum (ETH), the second-largest cryptocurrency in the world, appears to be having trouble and is about to face a sharp price decline. Ether broke through one of its key support levels, which it had been holding since December 2023, on March 4, 2025, with a 12% price decline.

Ethereum (ETH) Technical Analysis

As a result of this breakdown, market sentiment has turned quite negative. Expert technical analysis indicates that ETH is now in a bearish trend, having dropped below the $2,200 support line. The route for the altcoin’s price to continue falling has been cleared after this breakdown.

In light of the current market conditions and past trends, it is highly probable that Ethereum (ETH) might see a 26% decline to hit $1,500, the next support level, in the near future, if the daily candle closes below the $2,065 level.

Since its price has been falling steadily, Ethereum (ETH) has dipped below the 200 EMA on the daily timeframe, suggesting that it is currently in a downtrend.

Positive On-Chain Indicators

According to the blockchain-based transaction tracker Lookonchain and the on-chain analytics company CoinGlass, whales and long-term investors appear to be hoarding the token despite the adverse price action and ongoing price decline.

Whales Purchase $10.40M in Ethereum

Lookonchain has reported on X (formerly Twitter) that a crypto whale going by the name of 7 siblings has spent $10.36 million to buy 4,993 ETH at an average price of $2,075. This crypto whale has amassed a staggering 1,157,000 ETH, or $2.4 billion, in two wallets, thanks to their massive ETH accumulation.

Whale “7 Siblings” spent $10.36M to buy 4,993 $ETH at $2,075 again.

7 Siblings currently holds over 1,157,000 $ETH($2.4B) in 2 wallets.https://t.co/dxaxrpMQLN pic.twitter.com/5udwmwOSnn

— Lookonchain (@lookonchain) March 4, 2025

But on February 25, they spent 28.75 million DAI tokens and acquired 12,070 ETH, at an average price of $2,382 level, during their previous buy.

Exit of $130 Million in Ether

In addition to the increased interest from whales in the face of a price decline, it seems that long-term holders have amassed a substantial amount of ETH tokens. Exchanges have seen a substantial outflow of ETH worth $130 million in the past 24 hours, according to data from spot inflow/outflow, which suggests possible buildup.

In spite of all these token sales and purchases, ETH is down more than 12% in the last 24 hours and is trading near $2,070. At the same time, its trading volume fell by 12%, suggesting fewer traders and investors were involved, which could have contributed to the wildly fluctuating prices.