Ethereum Price Predicted to Crash to $1,500: Bearish Forecast by CoinCodex’s Machine Learning Algorithm

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com The machine learning algorithm of CoinCodex has issued a cautionary prediction for Ethereum, forecasting a significant price drop to $1,500. This comes after four solid months of bearish closes and sideways trading, adding weight to the growing concerns of an impending correction in the weeks to come.CoinCodex’s latest prediction for Ethereum suggests a decline of 16.47% in the coming weeks, with the possibility of the price hitting $1,526.06 by the 2nd of June 2025. This prediction is underpinned by the current market volatility, with investor sentiment and confidence flagging due to rising macroeconomic pressures and unexpected Bitcoin declines.The technical outlook for Ethereum continues to worsen, as evidenced by the cryptocurrency’s fourth consecutive red monthly close. Data from Cryptorank reveals a dip of 1.27% in January, followed by more considerable losses of 32.2% and 18.4% in February and March respectively. This downward trend persisted into April, with the cryptocurrency closing the month with another decline of 1.58%.Although Ethereum has experienced brief rallies within these months, the momentum has consistently failed to hold, with each month closing under increasing selling pressure. This has contributed to the overall market downturn. CoinCodex’s data supports this bleak outlook, with Ethereum recording only 16 green days out of the last 30, indicative of an unstable market. Its price volatility, measured at 6.43%, further underscores a market lacking clear bullish conviction.Looking ahead, CoinCodex not only predicts a potential breakdown of Ethereum to $1,526 but also anticipates a steeper price crash to $1,447.96 by August 1, 2025. This represents a decline of approximately 20.75% from the current market prices.The machine learning algorithm of CoinCodex has categorized the broader market sentiment for Ethereum as bearish. This suggests that traders and investors are bracing for further corrections and limited upward momentum in the near term. This paints a cautious picture for Ethereum’s price prospects.Given this bearish outlook, CoinCodex advises against purchasing Ethereum at present. Interestingly, despite cautious investor sentiment, the Fear and Greed index stands at 65, reflecting a state of “Greed”. This suggests that market optimism may be outpacing the underlying bearish fundamentals. Despite the bearish forecast, crypto whales are still buying up Ethereum, capitalizing on the low prices in spite of a potential continued downtrend. Recent reports reveal a single whale purchased 30,000 Ethereum tokens worth approximately $54 million.As price momentum fades and macro uncertainty remains high, Ethereum bulls may need to wait for market stabilization and clearer reversal signals before re-entering the market. At present, Ethereum is trading at $1,827 according to CoinMarketCap data, marking a yearly decline of over 38%. Post Views: 332Source link