- ETH drops nearly 38% over the past month amid broad crypto selloff
- Macro pressure and tariff fears weigh heavily on risk assets
- Analysts remain split between a break below $1,500 and a sharp rebound
Ethereum has slipped back to the $1,824 level, revisiting prices last seen on February 6, 2026. According to CoinGecko data, ETH is down 2.1% in the last 24 hours, 8.2% over the week, 11.5% in two weeks, and nearly 37.9% over the past month. The steady decline reflects a broader risk-off environment gripping the crypto market.
Bitcoin’s drop toward $63,000 has further pressured altcoins. Since the major liquidation event in October 2025, Ethereum and the wider crypto market have struggled to regain sustained upside momentum. Each rally attempt has faded under macro stress.
Could ETH Break Below $1,500?
The immediate concern is whether Ethereum could fall below the psychologically important $1,500 mark. President Trump’s tariff hike announcement has added fresh uncertainty, while geopolitical tensions, including friction between the U.S. and Iran, are keeping investors cautious. When macro risks rise, speculative assets like ETH often face accelerated selling.
If Bitcoin continues to weaken and liquidity tightens further, Ethereum could test lower support zones. A decisive break below $1,500 would likely trigger additional liquidations and short-term panic. However, such levels could also attract long-term buyers looking for discounted entry points.
A Possible Liquidity Boost Ahead
There is also a more constructive scenario. Some analysts expect U.S. tax refunds to inject billions into financial markets over the coming months. While much of that capital may flow into equities, a portion could rotate into crypto assets.
If risk appetite stabilizes and fresh liquidity enters the market, Ethereum could benefit disproportionately. Historically, ETH tends to amplify Bitcoin’s recovery phases due to its role in DeFi, staking, and broader ecosystem activity.
Analyst Outlook Remains Divided
According to CoinCodex projections, Ethereum could rebound significantly from current levels. The platform forecasts a potential move toward $3,524 by May 25, 2026. From $1,824, that would represent a rally of more than 90%.
Still, forecasts depend heavily on macro conditions improving. For now, Ethereum sits at a crossroads — vulnerable to further downside if risk-off sentiment deepens, but positioned for a sharp recovery if liquidity and confidence return.
