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- ETH fell 15%, dropping below $2,000 support.
- Analysts warn of potential retest near $1,600.
- Historical cycles suggest possible bullish rebound in late 2025.
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Ethereum (ETH), the world’s second-largest cryptocurrency, has revisited yearly lows after breaking its key $2,000 support. Monday’s market movements marked ETH’s sharpest downturn in years, falling as much as 15% from $2,150 to $1,810 before briefly stabilizing near $1,900. Analysts warn that further declines could push the altcoin toward $1,600, though a bullish turnaround by year-end remains possible.
ETH Hits 17-Month Low
ETH’s recent slide mirrors broader market trends, with Bitcoin (BTC) and other top cryptocurrencies also retracing sharply. Data shows Ethereum has been in a three-month downtrend, losing roughly 53% from its December peak. If the current trend continues, ETH faces the possibility of four consecutive months of losses—a scenario not seen since 2018 when the token lost around 80% of its value over seven months.
March, however, has historically favored Ethereum, with an average 20% gain in past years, according to CoinGlass. Following strong February returns of 46%, ETH’s performance has cooled, registering monthly losses of 1.98% in January and 31.95% in February. Currently, Ethereum has declined 15.12% month-to-date, and analysts warn that closing above $2,237 is crucial to avoid one of its worst quarterly performances since 2018.
Could ETH Drop to $1,600?
Some market experts point to patterns reminiscent of past market cycles. Crypto analyst Ted Pillows suggests ETH may retest the $1.6K–$1.8K zone as part of a “Power of Three” (Po3) cycle, which involves accumulation, manipulation, and distribution phases. In this view, Ethereum is in the manipulation stage, trading below previous support before a potential breakout later in the cycle.
Historical parallels also hint that if ETH consolidates and breaks past key levels, a bullish second half of 2025 is possible—mirroring patterns from 2016–2017. Currently, ETH trades around $1,947, up 4.47% on the day, signaling short-term stabilization.
Looking Ahead
While Ethereum faces a volatile start to the year, historical trends and cycle analysis suggest that patience could pay off. Investors should watch key support levels and market sentiment carefully as ETH navigates potential lows before any broader recovery.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Ethereum Whales Accumulate $112M Amid Bullish Signals
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