Ethereum tanks to the lowest level in 16 months as analysts predict a decline to $ 1,200

The encryption market has lost more than 12 % or nearly $ 400 billion since the Sunday Peak, and one of the largest losers was ethereum.

ETH prices It was shattered to its lowest levels in 16 months, and 15 % decreased To $ 2035 during early trading in Asia on Tuesday morning. The last time ETH was traded less than $ 2000 in November 2023, when the origin was slowly dissolved by Winter Crypto.

Ethereum has now returned to the level of the bear market, and has been thrown 50 % since it was exploited in $ 4,000 in early December 2024.

The death of eth predicted

Analyst “Nebraskangooneer” looked at the monthly timeline scheme and set a double formation before predicting that the prices will collapse to the level of $ 1200. This would return ETH to the lowest level in the market from late 2022 when it reached about 1100 dollars.

$ ETH

Confirm a monthly double summit. The goal of collapsing the size style is close to $ 1,200 https://t.co/2t4jczbloh pic.twitter.com/mm29h3loti

– Nebraskangooneer (Nebraskangooneer) March 4, 2025

Analyst Dana Marilyn Stuck Ethereum has broken the upward trend and “it seems that it has confirmed a double summit that can fell the price to $ 1,000.”

Soul anxiety has been shared between other analysts. “Ethereum may really be one of the worst plans that I have ever seen,” said Makina, the administrative partner of Aryti Capital.

Ethereum may really be one of the worst plans I have ever seen. pic.twitter.com/4Nowi0zuyh

– Crypto_mckenna) March 3, 2025

The “Unknown encryption predictions” said that ETH needs to be closed over the moving average for 200 weeks, as happened last week. This is currently a long -term trend index of about $ 2,500, and ETH is much lower.

In addition, the ETH/BTC ratio, or the price of the ether in terms of Bitcoin, has decreased to a five -year low level at 0.024 this week with the asset tank.

#ETHEREUM – The main level of watching 200 weekly (black line). We need to close the above as we did last week. Expect a lot of manipulation and volatility. pic.twitter.com/aiskrebyqv

Anonymous Crypto_twitter March 4, 2025

A trip to risk

Many were asking about the reason for Crypto in such an upward environment in the United States after years of persecution under the Biden administration.

Copsy message Make up The real driver here is the global step towards risk trade and assets.

“With the rise in trade war tensions and the expansion of uncertainty in economic policy, all risky assets decrease. This has been seen in stocks, encryption and oil prices, which all decreased sharply today.”

Moreover, Bitcoin is no longer seen as a valuable store, as it was separated from gold, which reached the highest level in late February. When Bitcoin falls, tracked digital boats, Ethereum was the first of the abyss.

What happens with encryption?

The encryption markets are now worth less than 100 billion dollars than it was before the announcement of the American encryption reserves.

Over the past 24 hours, Crypto -$ 500 billion in the maximum market has been wiped into a tremendous reflection.

Here is what you need to know.

(topic) pic.twitter.com/xlsqsnqkd

Kobeissileter’s message March 4, 2025