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  • Debashree Patra
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    Fun-loving and cheerful, a passionate blockchain and crypto writer who knows no boundaryโ€ฆconnect if you share the same passion. With 10+ years of writing experience, I am a Crypto Journalist by chance, exploring, and learning all the dynamics of the sci-fi action-filled crypto world. Currently, focusing on cryptocurrency news and price data. With a passion for research and challenging my capabilities, I am slowly getting into the crypto arena to bring new insights every day.

    • 2 minutes read

    Ethereum Price Today: Can ETH Recover, or Is a $1,000 Drop Next?

    • currency-symbol ETH $ 1,855.30 (3.32%) top gainer
    Story Highlights
    • Ethereum's price has plummeted, triggered by a major hack and broader market downturn, with analysts predicting potential drops below $1,000.

    • The Federal Reserve's monetary policy is a key factor, with continued tight policy potentially driving ETH further down.

    • Some analysts see Ethereum as oversold and anticipate a potential recovery if it holds above $2,000 and market conditions improve.

    The crypto market has been in trouble this February, with Bitcoin plunging to its 2021 lows at $86K and Ethereum facing heavy selling pressure. ETH dropped below $2,500 after a massive $1.5 billion hack on Bybit, allegedly carried out by North Koreaโ€™s Lazarus Group, triggering a 25% price crash. Now, analysts, including Benjamin Cowen, warn that Ethereum could fall even furtherโ€”possibly below $1,000โ€”before any real recovery.

    Ethereumโ€™s Decline Shows No Signs of Slowing

    Ethereumโ€™s price action remains bearish, with its drop below key support levels signaling a deeper correction. Analysts point to past capitulation events in April and August, suggesting ETH could follow a similar pattern and bottom out under $1,000. While sharp declines have historically led to strong rebounds, a recovery will depend on broader market conditions.

    The Federal Reserveโ€™s stance on quantitative easing (QE) is a key factor in Ethereumโ€™s outlook. Right now, there are no signs the Fed will inject liquidity into the markets, which could make ETHโ€™s decline worse. If tight monetary policy continues, Ethereum could drop below $1,500 and potentially test $1,200โ€”or even fall under $1,000โ€”before stabilizing.

    Is Ethereum Oversold?

    A shift in the Fedโ€™s policy could be the spark Ethereum needs for a rebound. Historically, ETH has gained momentum after QE events, often outperforming Bitcoin. If the Fed introduces stimulus measures by March 2025, Ethereum could see a strong recovery.

    Crypto analyst TraderPA believes ETH is oversold and is currently trading within its largest historical order block. Despite the bearish market, he remains optimistic, suggesting Ethereum could be due for a bounce based on chart patterns.

    For now, Ethereum remains under pressure, and analysts warn the worst may not be over. However, if ETH holds above $2,000 as market conditions improve, a recovery toward the $3,500โ€“$4,000 range is still possible.

    A deeper drop could set the stage for a stronger comebackโ€”but how much more pain is left?

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    FAQs

    Why Ethereum Is Going Down Today?

    Ethereum is dropping due to a $1.5B Bybit hack and bearish market trends, with analysts warning of a potential fall below $1,000.

    What will the price of Ethereum be in 2025?

    As per our Ethereum price prediction 2025, the ETH price could reach a maximum of $5,925.

    How much would the price of Ethereum be in 2040?

    As per our latest ETH price analysis, the Ethereum could reach a maximum price of $123,678.

    How much will the ETH coin price be in 2050?

    By 2050, a single Ethereum price could go as high as $255,282.

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