Ethereum (ETH) Price Prediction: Will ETH Price Drop to $1060?

In the last 30 days, Ethereum has seen a drop of 27.7%. Currently, the Ethereum price stands at $1,976.75.

In the last 30 days, Ethereum has seen a drop of 27.7%. Currently, the Ethereum price stands at $1,976.75. Analysts warn that if the downtrend continues, the price could slip as low as $1,060. Here is a detailed look at why Ethereum is struggling.

A price action analysis indicates that the Ethereum market has attempted to break above the $4,000 level at least three times in the current cycle. Each time the price has been rejected, it has been pushed further downward.

The analysis also shows that the ETH market has slipped below an upward-sloping trendline support, which had been holding since the previous cycle bottom.

Currently, the price of Ethereum remains at $1,976.75.

Analysts note that it is important for ETH to reclaim the $2,500 level in the near future.

“If the bears manage to continue pushing the price down, the next crucial support level to watch is at $1,060. This level is defined by the 0.618 Fibonacci retracement from the March 2022 low to the November 2022 high.”

Until Ethereum finds a solid bottom, the market will continue its downward momentum.

The RSI reading on the daily chart of Ethereum stands at 41.75. Though the RSI indicator indicates that there is more room for growth in Ethereum, without favorable market conditions, this altcoin may not be able to benefit fully from supportive technical signals.

According to Coinglass data, Ethereum-based ETFs in the U.S have seen consistent outflows in 2025.

Yesterday alone, at least $52.80 million flowed out of the Ethereum spot ETF market. In the last seven days, no fewer than 248 million have left the ETH spot ETF market.

The data suggests that Bitcoin spot ETFs performed better than Ethereum spot ETFs. This indicates that institutional investors are preferring Bitcoin over Ethereum.

An on-chain analysis shows that the network usage of Ethereum has decreased considerably. Reports indicate that the number of transactions on the Ethereum network this month have dropped considerably compared to the same month last year. Importantly, the median gas fees have decreased considerably on the mainnet.