{"id":3611,"date":"2025-03-12T19:13:10","date_gmt":"2025-03-12T19:13:10","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/ethereum-risks-another-15-correction-after-fall-below-2000-whats-next-for-eth\/"},"modified":"2025-03-12T19:13:10","modified_gmt":"2025-03-12T19:13:10","slug":"ethereum-risks-another-15-correction-after-fall-below-2000-whats-next-for-eth","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/ethereum-risks-another-15-correction-after-fall-below-2000-whats-next-for-eth\/","title":{"rendered":"Ethereum Risks Another 15% Correction After Fall Below $2,000 \u2013 What\u2019s Next For ETH?"},"content":{"rendered":"

Ethereum (ETH) has revisited yearly lows after losing the key $2,000 support, registering its worst performance in years. Some analysts forecasted another 15% drop if the trend continues but suggested that ETH could see a bullish end-of-year.<\/p>\n

Ethereum Hits 17-Month Low<\/h2>\n

Ethereum experienced a 15% correction on Monday, falling from $2,150 to $1,810. ETH\u2019s performance followed Bitcoin (BTC) and the rest of the market\u2019s pullback, which saw the flagship crypto drop to $76,000 for the first time since the post-election breakout started.<\/p>\n

As the retrace continued, the second-largest cryptocurrency by market capitalization dropped to its lowest level since November 2023, touching the $1,750 mark before recovering the $1,900 support.<\/p>\n

Some market watchers pointed out that Ethereum has been in a three-month downtrend, retracing around 53% since its December peak. Trader Crypto Rand noted<\/a> that the King of Altcoins has 20 days “to turn green,\u201d or \u201cit will be the first time since 2018 that ETH has experienced 4 x months of red in a row.\u201d<\/p>\n

That year, ETH spent seven consecutive months recording double-digit losses, losing approximately 80% of its value from May until November. CoinGlass data shows that March tends to be a favorable month for the cryptocurrency, with an average 20% return since 2016.<\/p>\n

\"Ethereum\"<\/p>\n

In 2024, the cryptocurrency closed the month with 9.33% gains, following a strong 46% performance in February. However, market sentiment has declined after back-to-back negative performances this year, with a 1.98% and 31.95% decline in January and February, respectively.<\/p>\n

The cryptocurrency registers a 15.12% loss Month-to-Date (MTD) and could see its worst Q1 close since 2018 at current levels. As a result, Ethereum must close this month above the $2,237 mark to prevent its second-worst historical performance.<\/p>\n

ETH Drop To $1,600 Coming?<\/h2>\n

Some market watchers highlighted that the cryptocurrency\u2019s current performance reached FTX-crash levels, with sentiment leaning towards a deeper correction. Crypto analyst Ted Pillows noted<\/a> that Ethereum could see another 15% correction now that the $2,000 support has been lost.<\/p>\n

According to the post, \u201cthere\u2019s a good chance ETH will retest the $1.6K-$1.8K level\u201d as the \u201cmanipulation phase is ongoing.\u201d The analyst suggested a potential Power of Three (Po3) pattern on ETH\u2019s chart, which divides the price cycle into three distinctive phases: accumulation, manipulation, and distribution.<\/p>\n

\"Ethereum\"<\/p>\n

The accumulation phase consists of a consolidation near the recent high after a strong price performance. In the manipulation phase, a token\u2019s price falls below the accumulation phase\u2019s support level and trades within a range below the lost zone. Meanwhile, the distribution phase sees a strong price breakout to build momentum and drive participants to enter the market.<\/p>\n

Ted also stated<\/a> that ETH\u2019s current performance \u201cfeels like it’s trading like the 2016-17 cycle.\u201d At the time, Ethereum consolidated for around a year and dropped below the range\u2019s key support level for a few weeks before surging to new highs.<\/p>\n

\u00a0ETH has been \u201cconsolidating for a year now and recently broke below a key support level,\u201d suggesting that the latter half of 2025 could be bullish for the cryptocurrency if history repeats.<\/p>\n

As of this writing, Ethereum trades at $1,947, a 4.47% increase in the daily timeframe.<\/p>\n

\"Ethereum,<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) has revisited yearly lows after losing the key $2,000 support, registering its worst performance in years. Some analysts forecasted another 15% drop if the trend continues but suggested that ETH could see a bullish end-of-year. Ethereum Hits 17-Month Low Ethereum experienced a 15% correction on Monday, falling from $2,150 to $1,810. ETH\u2019s performance…<\/p>\n","protected":false},"author":1,"featured_media":3612,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[56,61,42,713,846,725,281,33,64,66,1976,90,68,1977],"class_list":["post-3611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-bitcoin","tag-btc","tag-crypto-analyst","tag-crypto-bull-run-2025","tag-crypto-investors","tag-crypto-market-correction","tag-crypto-trader","tag-cryptocurrency-market-news","tag-eth","tag-ethereum","tag-ethereum-performance","tag-ethereum-price-analysis","tag-ethusdt","tag-ftx-crash"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/3611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=3611"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/3611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/3612"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=3611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=3611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=3611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}