Ethereum Price Forecast: Will ETH Hit $1,000? Analysis of Support Levels

The cryptocurrency market is experiencing a significant downturn, causing a dramatic plunge in total market capitalization of over 20%. While Bitcoin briefly reached an all-time high of $109,000 before retracing to around $81,000, Ethereum has been hit particularly hard. 2025’s price outlook for ETH is dismal, with the cryptocurrency plummeting more than 50% since the beginning of the year, dropping from December 2024’s peak of $4,000 to its current price of $1,820. This downturn has left many Ethereum investors questioning their investment choices and seeking guidance on future price predictions.