CandleFocus Ethereum price alert: here’s why ETH may crash to $1000 soon
2025-03-13
Author: Content Editor
The Ethereum price has been declining for the past three weeks, reaching its lowest level since October 2023. This drop can be attributed to outflows from spot Ethereum ETFs, as well as losing market share in industries like stablecoin processing and decentralized exchanges. Additionally, Ethereum is no longer the most profitable player in the crypto industry. The number of daily active Ethereum addresses is also decreasing. Technical analysis suggests that the coin is in a bearish trend, with a potential target of $1,500 or even $1,000. However, a move above $2,500 would invalidate the bearish view.
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