{"id":16017,"date":"2025-03-04T07:31:43","date_gmt":"2025-03-04T07:31:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16017"},"modified":"2025-03-04T07:31:43","modified_gmt":"2025-03-04T07:31:43","slug":"ethereum-tanks-to-16-month-low-as-analysts-predict-plunge-to-1200","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16017","title":{"rendered":"Ethereum Tanks to 16-Month Low as Analysts Predict Plunge to $1,200\u00a0"},"content":{"rendered":"<div>\n<p>Crypto markets have lost more than 12% or almost $400 billion since the Sunday peak, and one of the largest losers has been Ethereum.<\/p>\n<p>ETH prices\u00a0<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\"><a href=\"https:\/\/cryptopotato.com\/liquidations-top-600m-as-bitcoin-falls-8k-reversing-trump-driven-rally\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">crashed<\/a> to their lowest levels in 16 months, plunging 15%<\/span>\u00a0to $2,035 during early trading in Asia on Tuesday morning. The last time ETH traded below $2,000 was in November 2023, as the asset was slowly thawing from crypto winter.<\/p>\n<p>Ethereum has now returned to bear market levels and has dumped 50% since it tapped $4,000 in early December 2024.<\/p>\n<h2>ETH Death Predicted<\/h2>\n<p>Analyst \u2018Nebraskangooner\u2019 looked at the monthly timeframe chart and identified a double-top formation before predicting that prices would break down to the $1,200 level.\u00a0This would send ETH back to bear market lows from late 2022 when it bottomed out at around $1,100.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$ETH<\/a><\/p>\n<p>Monthly double top confirmed. Measured pattern breakdown target is somewhere close to $1200 <a href=\"https:\/\/t.co\/2T4JCzBloh\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/2T4JCzBloh<\/a> <a href=\"https:\/\/t.co\/mM29h3LOtI\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/mM29h3LOtI<\/a><\/p>\n<p>\u2014 Nebraskangooner (@Nebraskangooner) <a href=\"https:\/\/twitter.com\/Nebraskangooner\/status\/1896738985785061872?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">March 4, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analyst Dana Marlane <a href=\"https:\/\/x.com\/dana_marlane\/status\/1896755704519930346\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">commented<\/a> that Ethereum has broken its uptrend and \u201cappears to have confirmed a double top that could take price back to $1,000.\u201d<\/p>\n<p>The <a href=\"https:\/\/cryptopotato.com\/eth-price-remains-crushed-despite-new-president-at-ethereum-foundation\/\" data-wpel-link=\"internal\">ETH angst<\/a> was shared among other analysts. \u201cEthereum may genuinely be one of the worst charts I have ever seen,\u201d said Arete Capital managing partner McKenna.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Ethereum may genuinely be one of the worst charts I have ever seen. <a href=\"https:\/\/t.co\/4nOWi0ZuyH\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/4nOWi0ZuyH<\/a><\/p>\n<p>\u2014 McKenna (@Crypto_McKenna) <a href=\"https:\/\/twitter.com\/Crypto_McKenna\/status\/1896629157318307884?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">March 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The \u2018Anonymous Crypto Predictions\u2019 feed said that ETH needed to close above the 200-week moving average as it did last week. This long-term trend indicator is currently around the $2,500 level, and ETH is well below that.<\/p>\n<p>Additionally, the ETH\/BTC ratio, or price of ether in terms of bitcoin, fell to a five-year low of 0.024 this week as the asset tanked.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Ethereum<\/a> \u2013 The key level to watch is the 200 weekly (black line). We need to close back above that like we did last week. Expect lots of manipulation and volatility. <a href=\"https:\/\/t.co\/aIskRebYqV\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/aIskRebYqV<\/a><\/p>\n<p>\u2014 Anonymous | Crypto Predictions (@Crypto_Twittier) <a href=\"https:\/\/twitter.com\/Crypto_Twittier\/status\/1896764292067971454?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">March 4, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Flight to Risk-Off<\/h2>\n<p>Many were questioning why crypto was crashing in such a <a href=\"https:\/\/cryptopotato.com\/industry-executives-criticize-shitcoin-inclusion-in-trumps-proposed-crypto-reserve\/\" data-wpel-link=\"internal\">bullish environment<\/a> in the United States following years of being persecuted under the Biden administration.<\/p>\n<p>The Kobeissi Letter <a href=\"https:\/\/x.com\/KobeissiLetter\/status\/1896766532312830255\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">explained<\/a> that the real driver here is the global move towards the risk-off trade and assets.<\/p>\n<blockquote>\n<p>\u201cAs trade war tensions rise and economic policy uncertainty broadens, ALL risky assets are falling. This was seen in stocks, crypto and oil prices, which all fell sharply today.\u201d<\/p>\n<\/blockquote>\n<p>Moreover, Bitcoin is no longer seen as a store of value, having decoupled from gold, which hit an all-time high in late February. When Bitcoin falls, the digital lemmings follow, and Ethereum has been the first off the cliff.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">What is happening with crypto?<\/p>\n<p>Crypto markets are now worth -$100 billion LESS than they were prior to the US Crypto Reserve announcement.<\/p>\n<p>Over the last 24 hours, crypto has erased -$500 BILLION of market cap in a massive reversal.<\/p>\n<p>Here\u2019s what you need to know.<\/p>\n<p>(a thread) <a href=\"https:\/\/t.co\/xlsqsnQKKd\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/xlsqsnQKKd<\/a><\/p>\n<p>\u2014 The Kobeissi Letter (@KobeissiLetter) <a href=\"https:\/\/twitter.com\/KobeissiLetter\/status\/1896766532312830255?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">March 4, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/ethereum-tanks-to-16-month-low-as-analysts-predict-plunge-to-1200\/\" rel=\"nofollow\">Ethereum Tanks to 16-Month Low as Analysts Predict Plunge to $1,200\u00a0<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto markets have lost more than 12% or almost $400 billion since the Sunday peak, and one of the largest losers has been Ethereum. ETH prices\u00a0crashed to their lowest levels in 16 months, plunging 15%\u00a0to $2,035 during early trading in Asia on Tuesday morning. The last time ETH traded below $2,000 was in November 2023, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16017","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16017"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16017\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}