The context: due to execrable performance in recent months, bad predictions have taken over the side of Ethereum with lower and lower price objectives. The growing concerns concerning liquidations, the drop in network activity and the lower technical indicators fuel the debate around a new plunge of the Ethereum course. While the feeling of investors vacillates, the next few days could prove to be crucial regarding the active trajectory. Attention danger on the side of Ethereum! Ethereum currently oscillates just above the $ 1,500 bar. The asset is down more than 15 % during the past week while the downward pressure is still intensifying a little more. The recent decrease has aroused worries among traders, especially with an ethn that struggles to maintain key support levels. Standard Charterd recently declared that XRP could even go beyond Ethereum by 2028. An evolution which seemed impossible in the past. The decline reflects a generalized feeling of risk and an uncertainty surrounding altcoins. Unfortunately, Ethereum is now dangerously flickering near the levels that could trigger more liquidations. Liquidations of Ethereum. Source: Defillama. According to on-chain data, if ETH falls under $ 1,200, this could trigger liquidations of approximately $ 342 million on leverage. This phenomenon could unfortunately add additional sales pressure. Consequently, the votes in favor of a return under $ 1,000 for Ethereum are multiplying and in particular on the side of detractors. Peter Schiff notably spoke on X, believing that ETH could fall under $ 1,000. Ethereum TVL has dropped 43 % since December the total locked value (TVL) of Ethereum has been down sharply since its peak at 86.6 billion dollars last December, also its highest level since mid-2022. To date, Ethereum TVL has dropped to $ 49.34 billion, marking a steep drop of 43 % in just a few months. This decline highlights a clear activity down with very strong outputs of capital of protocols based on Ethereum blockchain. Thus, the dynamics are bad but not only on the price side. Ethereum TVL. Source: Defillama. TVL measures the total capital deposited in decentralized finance protocols (DEFI) on a blockchain and serves as a key indicator of the health of the ecosystem and the confidence of investors. An increase in TVL generally signals an increasing confidence and use of DEFI applications, while a declining TVL suggests a decline demand and a reduced commitment. When TVL is down, prices tend to drop. A token down 70 % compared to its ATH The Ethereum course has been negotiated below $ 2,000 since March 26. Unfortunately, technical indicators do not seem promising. The current configuration of its exponential mobile averages (EMAS) shows a downward training, with the short -term EMAS positioned below the longest. This is a classic signal of a downward dynamic in progress. This suggests that sellers are still in control. As a result, the market could prepare for a new correction. Analysis of the ETH course. Source: tradingView. If the downward dynamics continue, Ethereum could retest the nearby support established at $ 1,400. A break below this level could trigger an even deeper sale. Potentially, it is not impossible for Ethereum to go under the psychological threshold of $ 1,000. However, if the bruises regain control and reverses the trend, ETH could challenge resistance to $ 1,749. Overcoming this level would open the way to a test of $ 1,954. If the bullish dynamics persist and strengthen, re -scatter the $ 2,000 would then be a logical suite. Morality of history: The course of Ethereum cannot get out of winter depression. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, this article of price analysis is only intended for information purposes and should not be considered as financial or investment advice. Beincrypto undertakes to provide exact and impartial information, but market conditions may change without notice. Always carry out your own research and consult a professional before making any financial decision.
