{"id":21183,"date":"2025-04-08T19:31:54","date_gmt":"2025-04-08T19:31:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21183"},"modified":"2025-04-08T19:31:54","modified_gmt":"2025-04-08T19:31:54","slug":"ethereum-price-data-highlights-1000-as-the-final-bottom-for-eth","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21183","title":{"rendered":"Ethereum price data highlights $1,000 as the final bottom for ETH"},"content":{"rendered":"<div>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NGJhZjQtMmJiMy03NTI5LWE4NTMtYmYxY2U4ZjA3NWZm.jpg\"><\/p>\n<\/p>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NGJhZjQtMmJiMy03NTI5LWE4NTMtYmYxY2U4ZjA3NWZm.jpg\" alt=\"Ethereum price data highlights $1,000 as the final bottom for ETH\"><\/p>\n<p>Ether (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/ethereum-price\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/ethereum-price\">ETH<\/a>), the native token of Ethereum, is showing signs of bullish exhaustion after a steep 65% decline over the past three months. The pace of the downtrend and the oversold conditions shown by various ETH price metrics have investors wondering if a market bottom is approaching.<\/p>\n<h2>ETH fractals point to a drop to $1,000<\/h2>\n<p>Ether\u2019s current price action mirrors a familiar fractal pattern seen in 2018 and 2022. In both instances, ETH price saw euphoric rallies that ended with sharp breakdowns and prolonged bear markets.<\/p>\n<p>Each of these cycles shared the following key traits:<\/p>\n<ul>\n<li>\n<p>Higher price highs were accompanied by lower highs in the relative strength index,<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal\" rel=\"null\" target=\"null\" text=\"null\" title=\"https:\/\/cointelegraph.com\/news\/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal\"> <\/a>which is a classic sign of bearish divergence and weakening momentum.<\/p>\n<\/li>\n<\/ul>\n<figure><img decoding=\"async\" alt=\"Ethereum price data highlights $1,000 as the final bottom for ETH\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/01961683-21c2-7d62-a6b1-f61e833d5995\" title=\"\"><figcaption style=\"text-align: center;\">\n<p><em>ETH\/USD weekly price chart. Source: TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n<ul>\n<li>\n<p>After the price peak (cycle tops in the chart above), ETH retraced heavily, often falling through key Fibonacci levels.<\/p>\n<\/li>\n<li>\n<p>Cycle bottoms typically formed once the RSI dipped into oversold territory (below 30), with price stabilizing near historical Fibonacci zones.<\/p>\n<\/li>\n<\/ul>\n<p>The current setup resembles this structure. <\/p>\n<p>In December 2024, Ether formed a higher high near $4,095, while the RSI made a lower high\u2014mirroring the bearish divergence seen in previous tops. This divergence marked the beginning of a sharp correction, much like the patterns seen in 2018 and 2022.  <\/p>\n<p>Currently, ETH\u2019s price has closed below the 1.0 Fibonacci retracement level at around $1,550. Meanwhile, its weekly RSI is still above the oversold threshold of 30, suggesting room for further declines, at least until the reading drops below 30.<\/p>\n<figure><img decoding=\"async\" alt=\"Ethereum price data highlights $1,000 as the final bottom for ETH\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/01961689-d739-7a80-b7d7-4f657ea34133\" title=\"\"><figcaption style=\"text-align: center;\">\n<p><em>ETH\/USD weekly RSI performance chart. Source: TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n<p>The fractal suggests Ethereum could be in the final leg of its decline, with the next potential price targets inside the $990 &#8211; $1,240 price range, aligning with the 0.618-0.786 Fibonacci retracement area.<\/p>\n<figure><img decoding=\"async\" alt=\"Ethereum price data highlights $1,000 as the final bottom for ETH\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/01961696-2d15-7965-8ef0-8546eecd155b\" title=\"\"><figcaption style=\"text-align: center;\">\n<p><em>Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/mikemcglone11\/status\/1908949616164520044\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/x.com\/mikemcglone11\/status\/1908949616164520044\"><em>Mike McGlone<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/3-reasons-ethereum-could-soon-turn-a-corner-infinex-kain-warwick-x-hall-of-flame\/\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/magazine\/3-reasons-ethereum-could-soon-turn-a-corner-infinex-kain-warwick-x-hall-of-flame\/\"><em><strong>3 reasons Ethereum could turn a corner: Kain Warwick, X Hall of Flame<\/strong><\/em><\/a><\/p>\n<h2>Ethereum NUPL falls into \u2018capitulation\u2019 \u2014\u00a0Another bottom indicator<\/h2>\n<p>Ethereum\u2019s <a data-ct-non-breakable=\"null\" href=\"https:\/\/studio.glassnode.com\/charts\/indicators.NetUnrealizedProfitLoss?a=ETH&amp;s=1565744918&amp;u=1743984000&amp;zoom=\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/studio.glassnode.com\/charts\/indicators.NetUnrealizedProfitLoss?a=ETH&amp;s=1565744918&amp;u=1743984000&amp;zoom=\">Net Unrealized Profit\/Loss (NUPL)<\/a> has entered the \u201ccapitulation\u201d zone\u2014an onchain phase where most investors are holding ETH at a loss. In previous cycles, similar moves into this zone occurred close to major market bottoms.<\/p>\n<figure><img decoding=\"async\" alt=\"Ethereum price data highlights $1,000 as the final bottom for ETH\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/01961695-316f-7bc2-8623-35b3f4bf6158\" title=\"\"><figcaption style=\"text-align: center;\">\n<p><em>Ethereum NUPL vs. price chart. Source: Glassnode<\/em><\/p>\n<\/figcaption><\/figure>\n<p>In March 2020, the NUPL turned negative just before ETH rebounded sharply following the COVID-19 market crash. A similar pattern emerged in June 2022, when the metric fell into capitulation territory shortly before Ethereum established a bear market low of around $880.<\/p>\n<p>Now that ETH is once again entering this zone, the current setup loosely echoes those prior bottoming phases\u2014coinciding with key Fibonacci support levels near $1,000.<\/p>\n<p class=\"post-content__disclaimer\" type=\"\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ether (ETH), the native token of Ethereum, is showing signs of bullish exhaustion after a steep 65% decline over the past three months. The pace of the downtrend and the oversold conditions shown by various ETH price metrics have investors wondering if a market bottom is approaching. ETH fractals point to a drop to $1,000 [&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-21183","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\/21183","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=21183"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21183\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}