Ether may drop below $1,900 with strong support, analysts wary of potential capitulation

From Cointelegraph
March 15, 2025 09:01 AM:

Ether faces potential decline below $1,900, sparking investor demand to fuel recovery from a three-month downtrend. Data shows a 52% drop from $4,100 peak on Dec. 16, 2024. Analysts predict robust demand near $1,900 with 4.3 million ETH bought in that range. Capitulation risks loom if support breaks, signaling potential market bottom.

Despite possible correction under $1,900, Ether unlikely to drop further due to increased whale accumulation. Whales accumulating ETH, creating uncertainty about price action. Options data reveals institutions positioning for market moves in either direction. Whale addresses with at least 1,000 ETH up 4% year-to-date, indicating a recovery trend in 2025.

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