Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Ethereum Price Forecast: Large Holders Contribute to 7th Consecutive Decline as RWA Sector Reaches $15 Billion Milestone
Ethereum is approaching an unprecedented situation: a seventh consecutive month of declines, which is contributing to pessimistic price forecasts.
For an asset of this magnitude and history, such a trend carries significant psychological implications.
This situation extends beyond mere price declines; it involves a gradual loss of confidence as each monthly close reinforces the downward trajectory.
Major holders have significantly influenced this pressure. Wallets containing between 100K and 1M ETH have been consistently decreasing their exposure, utilizing relief rallies to distribute rather than accumulate.
This ongoing supply has muted attempts for upward movement and left sentiment fragile. When large holders reduce their risk, the broader market tends to proceed with caution.
However, beneath the surface, a markedly different narrative is developing.
Source: RWA
Related Posts
While ETH faces challenges on the charts, the Real World Asset sector of Ethereum has surpassed $15 billion in total value locked. Tokenized Treasuries, gold products such as PAXG and XAUT, and institutional initiatives like BlackRock’s BUIDL fund are rapidly expanding on-chain.
This divergence creates a particularly tense moment. Price movements indicate exhaustion and possible capitulation, yet network adoption is on the rise.
Ethereum Price Prediction: Can ETH Price Catch Up?
From a technical perspective, Ethereum is consolidating around the $2,150 level, which now serves as a critical structural point. A confirmed weekly break below this level would validate a broader bearish pattern and target the $1,320 area for potential downside.
Source: ETHUSD / TradingView
Nonetheless, repeated defenses of this support level provide an opportunity for a reversal scenario. If buyers manage to reclaim $2,400 and surpass $2,500, the bearish outlook would significantly weaken and create the potential for a rally.
Discover: The best new crypto in the world
The post Ethereum Price Prediction: Whales Drive 7th Red Month While RWA Sector Hits $15B Record appeared first on Cryptonews.
