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

[Localhostspeed]

Its so rare to see ETH moves on its own, so for dropping on that price for sure its not all about the situation happened on ETH. Since usually the main culprit of pump of dump of its price is Bitcoin itself. We can always see that if BTC dumps ETH and also those other coins follow its direct and that situation is not new on the market.

War or even peace deals can create short movements, but Bitcoin trends is driven by in investors sentiments also how they position, geopolitical incidents and macro conditions. So well yes ETH won't provably have those episode that it will dump alone. Also Bitcoin will not just going to pump or also dump just because of one single good or either bad news to. So let's hope for best on Bitcoin that it will start to recover soon.

Ethereum doesn't move on its own, there must be something that must be interesting to move the whole market before it can move. If Bitcoin move by 5%, I'm sure Ethereum can move 15% depending on how good the news or bad the news is at the time. However, I don't think Ethereum will be too bad to the extent it will go down to what people are thinking. The worst that has happened in the past months has already happened, they left and are gone.

If by chance Ethereum tries to reduced now, then there must be something dangerous that is happening to the price, there is probably institutional investors that want to sell their Bags, the fear can make Bitcoin bleed very badly and other coins as usual will do 2x of what happened to the Bitcoin market. The market sentiment is not that bad to make Ethereum go new lows, unless if there is a hack of Ethereum on one Dex and then they start dumping ether for other coins.

[Webetcoins]

Ethereum doesn't move on its own, there must be something that must be interesting to move the whole market before it can move. If Bitcoin move by 5%, I'm sure Ethereum can move 15% depending on how good the news or bad the news is at the time. However, I don't think Ethereum will be too bad to the extent it will go down to what people are thinking. The worst that has happened in the past months has already happened, they left and are gone.

If by chance Ethereum tries to reduced now, then there must be something dangerous that is happening to the price, there is probably institutional investors that want to sell their Bags, the fear can make Bitcoin bleed very badly and other coins as usual will do 2x of what happened to the Bitcoin market. The market sentiment is not that bad to make Ethereum go new lows, unless if there is a hack of Ethereum on one Dex and then they start dumping ether for other coins.

I do agree that we are not going to reach to a level where it is not going to be that much lower, while it may fall ab it more, but I think we are near the bottom. Under 1k would be very low chance, but it will definitely stay above 1k for sure.

And the thing is, we are going to require a lot more returns for this to recover. That would mean nearly 4x return just to reach ATH and while that may happen, it is a huge risk and may not be easy to get that much money into ETH unless it does something huge.

[Abiky]

If Ethereum falls $1.2K, then it will not fall alone. If Bitcoin falls below $50K, then probably Ethereum would fall at this point. On the other hand, the whole crypto market will fall. I don't expect Ethereum will dump at this level alone. Because there is no such bad news only for Ethereum. You know most of the alts depend on Bitcoin's movement. Very rarely outform or reverse the Bitcoin movement.

However, everything is possible in crypto. No one is perfect about the crypto predictions. The current market seeming not to allow Bitcoin to dump more means Ethereum also won't dump. Because the war seems going to end by tomorrow through a primary peace deal between the US and Iran. So I am expecting a positive movement for Bitcoin and other crypto as well.

There are times where ETH keeps falling, despite Bitcoin being on a bullish trend. The thing is, there's not much interest into altcoins lately. All of the attention is on Bitcoin, thanks to "Wall Street's" involvement in it. Many "hodlers" are waiting for the altcoin season to make a comeback, but it seems it's going to take forever.

ETH's main pressure is the competition. Because other chains have better performance and cost-efficiency. Since most people prefer convenience, they will move to chains that are faster and cheaper to use. ETH's been improving on-chain transaction capacity, but at a slow and steady pace. I believe the bottom for ETH will be $1k. If it goes any lower than that, then something must be terribly wrong. We'll see what happens...

[LogitechMouse]

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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.

Anything is possible with the crypto market, so this could be possible as well.

If this happens then this would be the first time after so many, many years that Ethereum will dethroned to the 2nd spot when it comes to marketcap. It's been a long while since Ethereum held that spot. Well, even that happens, I don't see anything wrong with it. I mean for many, even though Ethereum will go to 3rd spot, many sees it still as the best altcoin to hold for long term, and if Ethereum will go to $1200, for sure there are many who will accumulate at that price. Best-case scenario is that there will be buyers that will start to accumulate even before ETH goes down to $1200.

Like what I said, it's possible that we see ETH going to $1200. I would love to see it going there TBH because if somebody will buy it at $1200, hold it, their money could go x4 if it reaches it's 2025 ATH of $4953.