The Ethereum price is currently facing a significant threat of another crash, as predicted by the machine learning algorithm, CoinCodex. The forecast suggests a sharp decline towards $1,500 in the coming weeks, following a period of sideways trading and bearish closes over the past four months. Technical indicators and sentiment data are signaling warning signs of a potential correction in the near future.
According to CoinCodex’s latest Ethereum price prediction, ETH is expected to decrease by 16.47% and potentially reach $1,526.06 by June 2, 2025. This bearish projection comes amidst a volatile market cycle driven by macroeconomic pressures and unexpected declines in Bitcoin.
Ethereum’s technical outlook has been deteriorating, with four consecutive monthly red candles. The cryptocurrency experienced losses of 1.27% in January, 32.2% in February, and 18.4% in March, followed by another 1.58% decline in April. Despite brief intra-month rallies, Ethereum has struggled to sustain gains, leading to rising selling pressure and contributing to the wider market drawdown.
CoinCodex’s data reveals that Ethereum has recorded 16 green days out of the last 30, indicating unstable market strength. The cryptocurrency’s price volatility, measured at 6.43%, reflects a choppy market lacking clear bullish conviction. The algorithm predicts a potential further price crash to $1,447.96 by August 1, 2025, representing a decline of approximately 20.75% from current market prices.
With a bearish sentiment prevailing in the market, CoinCodex advises against buying Ethereum at this time. Despite cautious investor sentiment, the Fear and Greed index shows a state of “Greed,” suggesting that market optimism may be outpacing underlying bearish fundamentals. Crypto whales are still buying ETH in large quantities, taking advantage of low prices despite the possibility of a continued downtrend.
As price momentum fades and macro uncertainty persists, ETH bulls may need to wait for market stabilization and clearer reversal signals before re-entering the market. The Ethereum price is currently trading at $1,827, marking a yearly decline of over 38%. It is crucial for investors to closely monitor market trends and indicators to make informed decisions in this uncertain environment.