This bearish projection comes amidst a turbulent market cycle in which investor sentiment and confidence have wavered due to rising macroeconomic pressures and unexpected declines in Bitcoin. Related Reading: Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View Notably, Ethereum’s technical outlook continues to deteriorate as it just wrapped up its fourth consecutive monthly red candle.
After enduring four consecutive months of sideways trading and bearish closes, technical indicators and sentiment data are flashing warning signs of an impending correction in the coming weeks. Ethereum Price Crash To $1,526 Incoming According to CoinCodex’s latest Ethereum price prediction, ETH is expected to decline by 16.47% over the coming weeks, potentially reaching $1,526.06 by June 2, 2025.
Interestingly, while investor sentiment remains cautious, the Fear and Greed index is at 65, reflecting a state of "Greed” and suggesting that market optimism may be outpacing the underlying bearish fundamentals. Related Reading: Ethereum By End Of 2025: Why A Surge Over $4,000 Is Imminent Building on this, crypto whales are still buying ETH in droves, capitalizing on low prices despite the possibility of a continued downtrend.
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