Ethereum could drop to $1000

Ethereum could bottom out near $1,000, according to analysts who highlight on-chain indicators and historical patterns. They believe the current trend mirrors previous market cycles and signals that ETH might be nearing a key support zone. 
 

Patterns From Past Cycles

Experts pointed out similarities with Ethereum’s bear markets in 2018 and 2022, where major rallies were followed by deep corrections. 
 

They noted several repeating signs:

• Price hits a new high, but the Relative Strength Index (RSI) shows a lower peak, signaling weakening momentum;
• Then the price drops sharply, breaking through key Fibonacci support levels;
• The bottom usually forms when RSI dips below 30 and price nears historical lows.

In December 2024, ETH reached $4,095, but RSI showed a lower high — this marked the beginning of a major correction. Since then, Ethereum has lost over 65% in value. The price is now below the 1.0 Fibonacci level (~$1,550), and weekly RSI is still above 30, suggesting more room to fall. 
 

Ethereum Enters Capitulation Zone

Fractal analysis suggests that the final wave of the downtrend could send ETH to the $990–$1,240 range, aligning with the 0.618–0.786 Fibonacci levels. 
 

Additionally, the Net Unrealized Profit/Loss (NUPL) indicator for Ethereum has entered the “capitulation” zone — where most holders are in losses. Historically, this phase tends to coincide with market bottoms. 
 

Analysts also pointed to low network activity as a factor behind Ethereum’s decline. At the time of writing, ETH is trading near $1,500.