Ethereum price risks falling to $1.2K next, analyst warns

[Oshosondy]

I do not believe analysts completely but what I am seeing about ethereum since yesterday makes me bring this up on this forum.

On Polymarket people are also going for ethereum marketcap could become lower than stable coin marketcap which is USDT: https://cointelegraph.com/features/etheruem-flippening-odds-rise-wont-involve-bitcoin

But this time an analyst says it is possible: https://cointelegraph.com/markets/eth-price-risks-falling-to-1-2k-next-analysis-warns

He did not said it possible directly but if ethereum can fall to $1200, that mean USDT will be above ethereum in marketcap but which may not last longer until later.

Can this happened? I remember that I have posted about the possibility few weeks ago but let us revisit it because of what is going on in the public and which is  recently.

[Odohu]

If ETH fall to $1.2k that will represent about 40% drop in price from the current level; I consider this very huge because if it happens, then we should be expecting Bitcoin at around $40k because Bitcoin have been moving closely with ETH and only on rare occasion would there exist SMT divergence which will signify a reversal of the entire market. I don't doubt your analysis but I'm surprised it is coming this time of war when we expected Bitcoin to be doing well.

[passwordnow]

All of those analysis and predictions don't have any guarantee, they're only giving what they think will happen if you're going to also believe on them, that's on you. If the price will fall down, that's because it's expected that this year we'll have a heavy decrease due to being bearish of the market.

but if ethereum can fall to $1200, that mean USDT will be above ethereum in marketcap but which may not last longer until later.

Expect that any highly volatile asset that drop a lot in few minutes and can be replaced based on its market cap and so, that's possible but it's not a big deal IMHO.

[o48o]

I do not believe analysts completely but what I am seeing about ethereum since yesterday makes me bring this up on this forum.

On Polymarket people are also going for ethereum marketcap could become lower than stable coin marketcap which is USDT: https://cointelegraph.com/features/etheruem-flippening-odds-rise-wont-involve-bitcoin

But this time an analyst says it is possible: https://cointelegraph.com/markets/eth-price-risks-falling-to-1-2k-next-analysis-warns

He did not said it possible directly but if ethereum can fall to $1200, that mean USDT will be above ethereum in marketcap but which may not last longer until later.

Can this happened? I remember that I have posted about the possibility few weeks ago but let us revisit it because of what is going on in the public and which is  recently.

I am not sure what's that metric is supposed mean. Stablecoins growing their marketcap higher and higher is just inevitable when more and more people join to trade, and they have to issue more and more tokens that have stable value.

I would be happy if Eth price wouldn't moon in the future as having it as some sort of ever mooning asset like bitcoin, wouldn't serve a purpose of it. It's meant to be used, not just hodled.

[MArsland]

I do not believe analysts completely but what I am seeing about ethereum since yesterday makes me bring this up on this forum.

On Polymarket people are also going for ethereum marketcap could become lower than stable coin marketcap which is USDT: https://cointelegraph.com/features/etheruem-flippening-odds-rise-wont-involve-bitcoin

But this time an analyst says it is possible: https://cointelegraph.com/markets/eth-price-risks-falling-to-1-2k-next-analysis-warns

He did not said it possible directly but if ethereum can fall to $1200, that mean USDT will be above ethereum in marketcap but which may not last longer until later.

Can this happened? I remember that I have posted about the possibility few weeks ago but let us revisit it because of what is going on in the public and which is  recently.

I’m 50% convinced and 50% skeptical, but this is a volatile market. A drop of that magnitude in Ethereum would affect all Layer 2 on its network, and the impact would certainly be felt. However I’m curious, what kind of news could drive ETH down to $1,200? What would BTC price be if ETH alone could reach that low?

[HyperCodexV]

At the rate this market is going down, I feel a bit obliged to believe it, because things are really not looking good right now. The global market is shaky and almost everything is bleeding red at the moment. Even though I don’t fully trust analysts myself, but the current price action of Ethereum is giving reasons to be concerned. When the market is this weak, even predictions that sound extreme can start to look possible. Every market is bleeding at the moment.

[RuneStockx]

At the rate this market is going down, I feel a bit obliged to believe it, because things are really not looking good right now. The global market is shaky and almost everything is bleeding red at the moment. Even though I don’t fully trust analysts myself, but the current price action of Ethereum is giving reasons to be concerned. When the market is this weak, even predictions that sound extreme can start to look possible. Every market is bleeding at the moment.

I get why that prediction sounds believable right now. When the whole market is bleeding, even extreme targets don't feel that crazy. But this kind of situation isn't new in crypto. Ethereum has gone through big drops before, especially during weak market conditions, and it has also recovered in past cycles.

One thing i've learn is that analyst predictions usually follow the current trend. When price is going down, you'll hear lower targets. When it's going up, you'll hear higher ones.

What matters more is how you handle it:

• don't make decisions based on fear
• understand that volatility is normal in crypto
• focus on your time horizon (short term vs long term

Markets can stay weak for a while, but they don't stay that way forever. The key is staying level-headed instead of reacting to every prediction.

[YellowSwap]

Make sure that your entry decision is base on what your chart is telling you.

Ethereum can go down to $800 again, it's very possible, if Bitcoin lose it's support and go down to 40k then it's going to be a hell for Ethereum and every other alternative coins too.

Although this is based on what my chart is telling me,  Bitcoin isn't bottoming out very soon, still I believe it's best to slowly accumulate whatever you want to buy, don't wait till you figure the bottom out because it might be too late already.

Also be careful of analyst, they have lead me astray before, I lost a lot of money because of these people, do your own findings and make your decision.

[hugeblack]

Within a few years, USDT is expected to surpass Ethereum in value, so this will happen sooner or later.

Perhaps in the near future, the combined value of stablecoins will exceed Bitcoin's market capitalization, so I don't see anything strange in such a scenario; it's simply a measure of how much traders are using/trusting stablecoins.

[Merit.s]

The chance of this happening is under probability and it's the market that will tell because if bitcoin price dips below to $40k range, Ethereum will also dip and possibly reach this speculated price of $1200.

Ethereum is a volatile asset which will make it still surpass USDT in future. I feel Ethereum is losing it value slowly overtime.

[_act_]

Ethereum is a volatile asset which will make it still surpass USDT in future. I feel Ethereum is losing it value slowly overtime.

What you posted is contradicting but I will go for the second one which is that ethereum is losing its value. Ethereum supposed to be around $5000 by now but the asset was not given adoption attention like bitcoin in this last bull market. That makes USDT to have up to its marketcap. If this continues, USDT will later have marketcap than ethereum in a way that ethereum may not be able to take over again. But this time, if USDT take over ethereum, ethereum will take over back.

[Balmain]

Ethereum hasn't been priced very well in recent years even during the last bull run, it didn't perform that well, to be honest. It consistently fell short of expectations. Furthermore, competition has increased significantly. There are other networks competing with Ethereum, such as Solana or Avax. Therefore, its market dominance has weakened. The risk of a downturn remains for the market as a whole.

[Jegileman]

If ETH fall to $1.2k that will represent about 40% drop in price from the current level; I consider this very huge because if it happens, then we should be expecting Bitcoin at around $40k because Bitcoin have been moving closely with ETH and only on rare occasion would there exist SMT divergence which will signify a reversal of the entire market. I don't doubt your analysis but I'm surprised it is coming this time of war when we expected Bitcoin to be doing well.

Bitcoin has been performing not as impressive as we hoped, but for Ethereum to have falling by such a large percentage, Bitcoin would have lead the fall in the trend as they move in the same direction. The war is still looming and we are hoping that the market doesn’t react that much to the pending war because if it does, we may experience more fall in the market which won’t be encouraging for investors.