Ethereum price has returned to the mid-to-high $2,000 range, trading near $2,960 at press time. Volatility remains high: on some days, the price has swung by several hundred dollars. This shows that while the long-term picture is active, short-term moves are risky and unpredictable.
Although Ethereum is currently trading close to $3,000, a few analysts believe the price could still fall dramatically. A drop to $1,500 may sound extreme, but there are several reasons why it’s being discussed as a possible “final dip” before a larger recovery.
If it fails to hold certain inside that channel, there’s room for a steeper drop. On top of that, some large Ethereum holders have been accumulating, which means that if they sell all at once, the impact could be large. So for some, $1,500 represents a possible bottom under worst-case conditions.
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