Ethereum Price Forecast – ETH Likely Headed to $1500

Highlights:

• Ethereum trading with low volumes after breaching critical support
• Low volumes point to more downside as investors stay away
• If the macro-environment remains risky, Ethereum could drop to $1500 

Ethereum (ETH), like the rest of the cryptocurrency market, is showing little to no movement today. However, there are signs of a minor price spike as Bitcoin has briefly pushed through $83k intra-day. This is triggering some green candles, but on the lower time frames, which may not have much impact on the broader direction. When going to press, Ethereum was trading at $1903.51, up by 0.58% in the day. However, trading volumes have dropped by 19% to stand at $15.42 billion. 

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This is an indicator that big players are staying out of the market as they wait for a clearer signal on its direction. While Ethereum can either go up or down from its current price point, the odds are higher for more downside. At this point, more factors support a continuation of the downtrend than there are for an uptrend. 

Gold Hitting New Highs Points to Maximum Fear – Bearish for Ethereum

Gold is one of the biggest investor sentiment indicators at any given time. Usually, a rally in gold prices when other asset prices are lagging usually indicates a flight to safety. This means there is little appetite for high risk assets such as stocks  and cryptocurrencies. In the past 24-hours, Gold has rallied to a new high of $3000, and momentum remains strong. 

Gold prices passed $3,000 for the first time ever, driven higher by a central bank buying spree, economic fragility worldwide, and President Donald Trump’s attempts to rewrite the rules of global trade by imposing tariffs on allies and strategic rivals https://t.co/qdNJEkS9Uj pic.twitter.com/odePR7njfg

— Bloomberg (@business) March 14, 2025

This is an indicator that despite the recent price correction across key assets like stocks and cryptocurrencies, investors do not see an end to it soon. For Ethereum, which has already been underperforming even when cryptocurrency sentiment was good, it could mean more selloffs on the way. In the event that Bitcoin loses the $78k support and crashes further, and gold continues to rise, Ethereum could be headed to prices below $1500 in the foreseeable future. 

Tariff Threats Escalate, Hurting ETH

Donald Trump’s tariffs which are the main driver of the ongoing fear in the market are not easing up either. Yesterday, March 13, Donald Trump threatened to impose a 200% tariff on French wines. This is in response to an EU tariff of 50% of US spirits. These back and forth tariffs, especially with US allies, are only adding to the fear in the market. It means money will continue to flee from high risk assets such as Ethereum. 

Trump has threatened a 200% tariff on Champagne: "This will be great for the Champagne businesses in the US."

(Champagne, by definition, cannot be made outside of certain regions in France) pic.twitter.com/HAgU8UTaQw

— FactPost (@factpostnews) March 13, 2025

Analysts Point to More Pain for Ethereum

Analysts also point to a continuation of the Ethereum sell-off due to a bad interest rates environment. According to Benjamin Cowen, a cryptocurrency analyst, Ethereum and other cryptocurrency bull rallies tend to coincide with a change in monetary policy.

In this cycle, Cowen says the Bitcoin halving happened during a period of monetary tightening, and there has been little change on this front. This, Cowen says, could see the price of Ethereum keep going lower in the foreseeable future. With the tariffs set to push prices higher, the odds of a total monetary easing are unlikely to help trigger a cryptocurrency bull market any time soon. 

Technical Analysis – ETH Weak as It Trades Below Support

Ethereum is in the green intra-day but volumes are low. This points to weakness given that it recently lost the $1994.9 support, now resistance. If there is another marketwide selloff, Ethereum could be headed to prices below $1500 in the short term. 

On the other hand, if there is a rebound in the price of Ethereum, the key level to watch would be the $1994.9 resistance. A rally through this resistance could see Ethereum rally to $2500 in the short term. With the macro-environment pointing to a rush away from risky assets, a correction seems more likely.

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