Despite the heavy correction in the US stock market over the last two days, Ethereum price has remained firm while holding the crucial support of $1,800. Several market analysts believe that the bottom is in, and the possibility of further ETH downside remains limited. After a 44% drop in 2025 so far, the analysts also believe that ETH remains undervalued for now. Ethereum Price Dominance At A Multi-Year Low As per crypto analyst Rekt Capital, Ethereum market dominance has plummeted from 20% to just 8% since June 2023, marking a significant decline in its share of the overall crypto market. The analyst further highlighted that the current level aligns with a historical reversal zone—dubbed the “green area”. This is the same zone from where the Ethereum price has made strong comebacks in the past. Source: Rekt Capital Crypto analyst Javon Marks identified a regular bullish divergence formation on the Ethereum price chart, while signaling a shift in the momentum. According to Marks, while ETH prices have continued to decline, the divergence suggests that bearish strength may be waning. This technical pattern typically indicates that bulls could be preparing to regain control of the market. Marks has set a potential upside target of $4,000 for Ethereum, contingent on a sustained bullish reversal. Source: Javon Marks Furthermore, currently the risk reward ration seems to benefit the investors as further downside is limited to $1,500 as expected by investors. However, the upside potential for ETH is higher to nearly 100-250% % from the current levels. On the downside, the current support for ETH price is $1,650, however, for the potential uptrend to resume, ETH must surge past $2,100 levels with strong trading volumes. Our ETH price prediction indicator shows the possibility of a drop under $1,700 over the next month. ETH Whale To Bring Selling Pressure Again? While analysts are turning optimistic over the Ethereum price recovery, we cannot ignore the whale activity around ETH. Crypto analyst Ali Martinez has reported a significant whale selloff in the Ethereum market, with data from Santiment revealing that large holders have offloaded 500,000 ETH over the past 48 hours. Source: Ali Martinez Ethereum has largely struggled to keep pace with Bitcoin over the past year. As per the current data, the ETHBTC ratio has dropped to the lowest level in nearly five years. The post Ethereum Price Reversal Chances Improve, $4000 ETH Next? appeared first on CoinGape .
