Withdrawals from Ethereum 
$2,636 ETFs are steadily continuing. Market participants indicate that the recent decline in ETH’s value has diminished investor confidence.
ETH May Drop to $1,100
Recent sales have resulted in net outflows from Ethereum ETFs reaching approximately $32 million. This situation is reported to have led to total outflows of $170 million throughout the month. Investors believe that the negative market trend is the primary cause behind these withdrawals.
ETH has remained below $2,000 for weeks, with some analysts suggesting that the price could potentially drop to $1,100. Since the downward trend began in January, the price peaked around $3,500 at the start of 2025 but fell below $1,500 by April. This has led to a decrease in buying interest in the market.
Gordon: Dip signals are visible in the Ethereum market; the price could drop to $1,100.
If such a scenario occurs, it could signify further losses for altcoins, and it wouldn’t be surprising if BTC reaches or closely approaches its 70% market dominance peak.
Ethereum (ETH)
On the other hand, some market experts are evaluating the drops in ETH’s closing levels and trading volumes. It has been observed that trading volume has decreased by 23% over 24 hours, falling to $10.5 billion. Analysts who maintain an optimistic outlook for the crypto market express that ETH may surpass its resistance levels and has already shown signs of being oversold.
While some optimistic investors believe ETH can rise again based on its historical performance, more cautious individuals are warning against the current downward trend.
The differing expectations of analysts and the uncertainties brought by market data indicate that risks and opportunities related to ETH are intertwined. Investors are trying to navigate their decision-making processes by considering technical analysis and expert commentary.
