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\n\t\t\t\t\t\t\t\t\tIs ETH about to drop toward $1,500 or even lower again?\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The largest altcoin by market cap rode the recent minor bullish wave in the cryptocurrency market, surging from just over $1,500 to almost $2,000 to mark a multi-month peak.<\/p>\n
However, it stalled there as it couldn\u2019t breach that psychological level. Moreover, the same technical tool that predicted the substantial revival has now flipped bearish.<\/p>\n
According to Ali Martinez, the TD Sequential, a metric used to determine the underlying asset\u2019s potential exhaustion moves in either direction, has been quite successful in determining ETH\u2019s trend reversals<\/a>. Back in early July, when Ether slumped to a multi-year low at around $1,520, it flashed a buy signal. This was followed by a major monthly rally that drove ETH to $1,980 last week.<\/p>\n As mentioned above, though, the asset\u2019s run was halted at that level, and the TD Sequential is hinting at further trouble ahead. Martinez noted<\/a> earlier today that the indicator has flipped to a sell signal and suggested that investors might consider taking some profits off the table.<\/p>\n Another popular analyst going by the X handle Crypto Lens shared a similar opinion. They noted that Ethereum has stuck between $1,860 and $1,955 for a reason, as the bull trap is \u201cjust getting started.\u201d They added that a run to the $2,000 resistance will be followed by the \u201creal capitulation.\u201d<\/p>\n Crypto Lens\u2019 scenario envisions<\/a> a week or so in consolidation below that level before the final leg down begins and drives the asset south to somewhere between $1,400 and $900. Once it cleanses the weak hands, ETH\u2019s next bull run can begin, and the analyst\u2019s target is a big one \u2013 $7,000.<\/p>\n Crypto Rover also weighed in on the altcoin\u2019s performance but focused on the trading pair against BTC. He outlined a chart that shows ETH has been charting new lower highs and lower lows for the past year. It began with a local peak at 0.04 marked last October, before Ethereum gradually lost a lot of traction that culminated with a drop to $0.025 in June.<\/p>\n It outperformed the market leader in the past month, jumping to 0.03. However, Crypto Rover believes another rejection is coming, which could drag it south to a fresh multi-year low of under 0.0235.<\/p>\n I\u2019m sorry, bulls.$ETH<\/a> vs $BTC<\/a> keeps forming lower highs, and the latest rally is already losing momentum.<\/p>\n The same thing happened last time before ETH\/BTC fell to a new low. pic.twitter.com\/Si09I1gfIN<\/a><\/p>\n \u2014 Crypto Rover (@cryptorover) July 30, 2026<\/a><\/p>\n<\/blockquote>\n <\/p><\/div>\nNot Good Against BTC<\/h2>\n
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