Ethereum Price Drop Potential $1400? Why $ETH is Going Down Today

Ethereum Price Drop Potential $1400: Why $ETH is Going Down? Forecast

Ethereum one of the top cryptocurrency is crashing hard today—and it’s not looking good. In just one day, its Ethereum price has dropped by 4%, shaking investor confidence. With major indicators flashing red and unusual wallet activity raising alarms, the question now is—Will it rise or fall further?

Ethereum Price Drop: Why ETH Is Going Down and What Happens Next

It has fallen to $1,572.69, which is a 4.18% drop in the last 24 hours. Its market value is now $190 billion, and daily trading has dropped over 9%, down to $13.7 billion, according to CoinMarketCap.

For anyone holding this asset right now, this sudden fall is both worrying and confusing. Now the question remains: Is this a small dip or the start of a bigger crash?

Why Ethereum Is Going Down Today ? Drop Reasons 

In the past few days, it has been going down slowly, but today’s drop made it worse. Being a crypto analyst, slight decline in crypto is a daily show but, among the top currencies like XRP, Bitcoin, and Solana, this token crashed at a higher rate. So let's explore the reasons.

Here’s what the TradingView chart is telling us:

Source: TradingView

1. The MACD indicator shows the blue line staying below the orange line. That’s a clear sign of a downtrend.

2. The RSI  is around 39, which means it is almost oversold. In simple words, lots of people are selling, but not enough are buying. This puts more pressure on the Ehtereum coin price.

3. $ETH Price Drop Another Reason: Some unusual activity in this network is adding more panic. Here's what was found, as reported by Lookonchain:

Source: X

• 5 wallets used $4.28 million in ETH to buy 611 billion $PEPE tokens.

• These wallets withdrew ETH from Tornado Cash about 15 days ago.

• Tornado Cash is a tool often used to hide where crypto comes from—it’s linked to shady and even hacker-related activity.

• This has scared many regular investors.

• People are worried something bad is coming, so they’re selling their tokens quickly.

This kind of thing causes fear in the market, which ultimately makes prices fall fast.

Ethereum Price Drop Potential $1400: Support Levels Are Weak

This coin is right on the edge. The next major support level is $1,520. If the price falls below this, it could quickly crash down to $1,400. That’s a big drop.

The resistance level is around $1,650, and ETH must break past this to show any sign of recovery. Until then, it is in the danger zone.

Crypto analyst Ali shared that this coin is breaking out of an ascending triangle in the hourly chart! 

Source: Ali Charts X

This usually means a short-term price reversal or a bounce is coming, but don’t assume the crash is over just yet.

$ETH Price Prediction: What’s Next?

Let’s keep it simple:

• If this selling continues, the price might fall to $1,480–$1,520 very soon.

• If buyers jump in and support builds at $1,520, then it might bounce back to $1,620–$1,650.

• If the market improves: It could slowly rise back toward $1,800–$2,000.

Final Words: Will Ethereum Price Go Up Today? 

As someone who’s been following crypto daily, I can tell you—this crash is not just hypothetical but based on certain indicators. The technical signs look weak, big wallets are doing shady things, and normal investors are panicking.

This crash isn’t just some small correction. It’s a warning. So don’t ignore what’s happening—this could be the start of a bigger fall.