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cryptonews 2026-03-02 08:51:48

Ethereum Price Prediction: Ethereum Is One Month Away From a Rare Capitulation Record – Bounce or Breakdown?

Ethereum is on the edge of a rare losing streak that is fueling bearish price prediction. The asset is threatening a seventh straight monthly decline after slipping below the key $2,000 psychological level. Although price briefly bounced back above $2,010, the recovery looks fragile. On-chain data suggests large holders are distributing into strength, while macro pressure continues to build. Key Takeaways: ETH risks a seventh straight red month, a rare capitulation signal in crypto market history . Wallets holding 100k-1M ETH have aggressively reduced reserves over the last 90 days. RSI oversold signals at 37 suggest a potential relief bounce to $2,200. Support at $1,800 remains the critical line in the sand for bulls. Ethereum Price Prediction: Whales Signal ‘Risk-Off’ Shift On-chain data shows a clear shift among whales with addresses holding between 100,000 and 1,000,000 ETH have reduced reserves over the past 90 days, and this is happening outside exchanges. That suggests real de-risking, instead of short-term trading prep. Source: Alpharactal Macro pressure is not helping. Sticky inflation has cooled institutional appetite for risk, and Ethereum has been one of the hardest-hit majors. If distribution continues, $1,800 becomes the key downside level to watch. That said, the correction appears macro-driven rather than tied to collapsing network fundamentals. Daily RSI sits near 43, historically a zone where relief rallies can form. Funding rates have normalized, and open interest has dropped, reducing leverage risk. Source: ETHUSD / TradingView If $1,840 holds and ETH reclaims $2,140, momentum could shift back toward $2,200 and potentially higher. For now, whales are trimming exposure, but the setup is approaching a short-term inflection point. Discover : The best new crypto in the world The post Ethereum Price Prediction: Ethereum Is One Month Away From a Rare Capitulation Record – Bounce or Breakdown? appeared first on Cryptonews .

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