What to know:
- Ethereum is in a key accumulation zone after a 40% drop, with analysts saying ETH may recover if $1,400 support holds.
- Analysts target Ethereum at $7K, $10K, and $15K, citing strong support and improving structure for a reversal.
- Ethereum exchange reserves hit a record low of 14.5M ETH, reducing supply and easing selling pressure.
Ethereum (ETH) has reached a key accumulation zone after a major correction, with analysts seeing potential for a long-term recovery for the Ethereum price if support holds. Meanwhile, exchange-held ETH continues to decline, reducing selling pressure and strengthening bullish supply dynamics despite ongoing market uncertainty.
At the time of writing, ETH is trading at $1,778.69 with a 24-hour trading volume of $17.13 billion and a market capitalization of $214.63 billion. Despite the 1.98% loss over the last 24 hours, the ETH price structure and less supply on exchanges point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: Ethereum Price Surge: 11% Rally Prediction Sparks Hope
Ethereum Price Targets $15K After Major Correction
According to the crypto analyst Crypto Patel, the Ethereum price has reached the highly anticipated $1,400-$1,500 accumulation zone after falling nearly 40% from the previously highlighted $2,300-$2,400 range.
The correction has validated bearish forecasts and placed the Ethereum price at a critical technical crossroads. Many market participants now view this support area as a potential foundation for long-term recovery and renewed investor confidence.
Analysts believe that as long as the Ethereum price remains above $1,400, the possibility of a cycle bottom continues to strengthen.
A successful defense of this level could mark the beginning of a broader market recovery and eventually support a move toward ambitious long-term targets, including $7,000, $10,000, and even $15,000 in future bullish conditions.
Source: Crypto Patel’s X Post
However, there are still some dangers involved if the Ethereum price fails to hold above the important level of $1,400.
The breakdown of the important level will be another entry into the downside, where the next support region for the Ethereum price is seen at $1,000, mainly because of its previous significance and psychological impact. Fear and sell-offs make strong buying points for long-term traders.
ETH Supply on Exchanges Falls to Historic Low
The data from the crypto analyst Kong Trading further highlighted that the Ethereum network is discreetly giving out a bullish signal as its holdings on exchanges have dropped to an all-time low at only 14.5 million tokens.
Even amid bearish price performance and lack of positive sentiment, traders have been steadily taking their Ethereum off exchanges, indicating that fewer people plan to sell the coin in the coming days.
Source: Kong Trading’s X Post
In the past, a reduction in exchange balances decreased liquidity, easing selling pressures in the marketplace. Though low balances in exchanges do not imply instant rebounds, it makes room for greater price actions in case there is increased buying interest.
With increasing amounts of ETH entering cold storage, there has been an enhancement in the fundamentals of supply of Ethereum.
Also Read: Arthur Hayes: Ethereum Surge Shocks Crypto Market 2026
Be the first to comment