- Crypto analyst @ali_charts predicts a drop to $2,400 for ETH.
- Awesome Oscillator Shows Ethereum Losing Short-Term Momentum.
- Moving Average and MACD indicators signal a bearish trend for ETH.
- Other analysts see strong support near $4,000 and bullish momentum above $4,250.
A well-known crypto market analyst with the username @ali_charts recently sparked a discussion by predicting that Ethereum (ETH) might drop to $2,400, a significant decline from its current trend. The speculative prediction has opened debates from traders, analysts, and crypto forums, questioning whether such a drop is possible and what forces would drive it.
At press time, the altcoin is trading at $4,105.82, having increased by 1.14% over the past 24 hours. The price is moving in a bearish trend and is currently testing a resistance level near $4,219.72. If it breaks above this, the next target could be $4,400.00. On the downside, the support level is around $4,020.08. If the altcoin falls below this level, we might see a drop towards $4,000.00.
The blue line indicates the resistance level at $4,219.72, while the yellow line represents the support level at $4,020.08.
Also Read: Ethereum Eyes Resistance After Fidelity Buys $202 Million With Possible Upside
AO Signals Downward Pressure for Ethereum (ETH)
The Awesome Oscillator of Ethereum stands at -282.45, indicating bearish momentum in this period. The fact that it is negative indicates short-term price action to be weaker than the long-term trend, which indicates downward pressure within the market.
According to the Moving Average chart, the cryptocurrency is currently experiencing a bearish trend with the moving average indicator above the candles at $4,400.01. At the same time, the Moving Average Convergence Divergence (MACD) indicates a bearish crossover, suggesting that the price may continue to decrease.
The signal line above the MACD line indicates a bearish crossover. The orange line represents the signal line, while the blue line indicates the MACD line.
Is Ethereum Heading Toward $2,400?
The @ali_charts post indicates Ethereum ($ETH) may fall to $2,400, a substantial drop from where it is today. Although the tweet reads as a question and not necessarily as fact, it indicates traders’ worry regarding downside risk.
Technically, the decline could be related to major support levels on the charts. Analysts usually observe moving averages, trend lines, and momentum indicators (such as RSI or MACD) to determine when ETH could encounter prolonged selling pressure. Conversely, several factors may counteract a steep drop.
Expert Reactions
Crypto Trader @AltcoinPiooners sees the post as “bearish overkill”, noting that ETH is currently holding $4,000 support strongly. They suggest a minor dip to $3,800 is possible if Bitcoin wobbles, but a breakout above $4,250 could push ETH toward $5,000 in the short term. Technical indicators like RSI (~55) and MACD hint at continued bullish momentum.
Another tweet of @BitbabyLabs considers $2,400 a historical support level, pointing out that macroeconomic pressures and potential ETF outflows could test this zone. They caution that if $2,400 fails, ETH could dip further toward $2,200, emphasizing the importance of monitoring support levels.
Overall, @ali_charts’ post reflects a cautious, bearish scenario, prompting traders to monitor critical support zones and broader market signals before making decisions. The prediction is speculative and should be interpreted as a possible outcome, not a certainty.
Also Read: Bitcoin & Ethereum Face $812 Million Outflows as Solana and XRP Shine
