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Ethereum Price Prediction: Analyst Anticipates ETH Dropping to $2200, Sharks Join The Mpeppe Wave After 150% Rally

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Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently been struggling to maintain its momentum in the face of bearish trends. Analysts have been observing Ethereum’s performance closely, and many are predicting a further decline in price, with some forecasting that ETH could drop as low as $2,200. Despite Ethereum’s recent difficulties, savvy investors and crypto enthusiasts are turning their attention to an emerging contender in the meme coin market: Mpeppe (MPEPE), which has already experienced a 150% rally during its presale stages.

2024: Ethereum’s Recent Performance

Ethereum has faced significant downward pressure in recent weeks. Over the past 30 days, the cryptocurrency has seen a decline of at least 5.4%, prompting concern among its investors. Nick Forster, a well-known crypto analyst, has expressed skepticism about Ethereum’s ability to achieve new highs in the near future. According to Forster, Ethereum’s performance this year has been underwhelming, especially when compared to the impressive returns of tech giants like Nvidia, Meta and now newcomer Mpeppe.

Forster points out that despite the buzz surrounding the approval of Ethereum Spot ETFs, the anticipated price surge has not materialized. In fact, since January 2024, Ethereum has seen only a modest 0.98% gain, which pales in comparison to the meteoric rise of other tech stocks. The broader sentiment in the market has grown increasingly bearish, and many experts are lowering their price expectations for Ethereum, with some predicting a further drop to $2,200, yet increasing expectations for memes like Mpeppe to be worth $2 by 2025.

Mpeppe (MPEPE): A Meme Shoots For The stars

While Ethereum’s price outlook remains murky, Mpeppe (MPEPE), a new meme coin, has been making waves in the crypto community. With Ethereum struggling to gain momentum, some investors are diversifying their portfolios by turning to newer opportunities like Mpeppe, which has already gained significant traction during its presale stages. Mpeppe has already raised over $1.8 million during its Stage 4 presale, with 66.33% of tokens sold, and continues to attract attention from both retail and institutional traders.

Mpeppe’s appeal lies in its community-driven approach, strong market sentiment, and potential for massive returns. With a current price of $0.0021 USDT per token, Mpeppe is priced attractively for investors looking to get in early on a promising project. The presale has been moving swiftly, and Mpeppe’s performance suggests that it could be poised for significant gains once it officially launches.

A Potential Breakout for Ethereum?

While Ethereum’s price struggles continue, there are still some analysts who remain optimistic about its future. According to Forster, for Ethereum to experience a significant breakout, three key events would need to occur: the re-election of Donald Trump in the 2024 U.S. presidential election, aggressive interest rate cuts by the U.S. Federal Reserve, and a substantial increase in global financial liquidity.

However, Forster gives the likelihood of these events occurring a mere 10%. Despite this, other analysts like Titan of Crypto and Yoddha remain bullish on Ethereum’s long-term potential. They believe that if certain macroeconomic conditions align, Ethereum could see a strong recovery and even reach five-figure price points. As it stands, though, the market remains uncertain, and investors are keeping a close eye on ETH’s price movements in the coming months.

Investors Keep Close Eye on Mpeppe After 150% Rally

Mpeppe’s presale success has positioned it as one of the top meme coins to watch in 2024. Its 150% rally during the presale has garnered the attention of “sharks” in the crypto market, who see Mpeppe as a high-potential investment opportunity. As Ethereum faces an uncertain future, investors are diversifying into newer assets with high growth potential like Mpeppe. Meme coins have historically shown the ability to deliver outsized returns, and Mpeppe’s growing popularity suggests that it could be the next major player in the space.

Current Market Breakdown

As Ethereum faces continued bearish pressure, with some analysts predicting a drop to $2,200, many investors are looking for alternative opportunities in the crypto market. Mpeppe (MPEPE), with its strong presale performance and rapid community growth, has emerged as a top contender. With a current price of $0.0021 USDT and a successful presale underway, Mpeppe offers a unique opportunity for investors looking to capitalize on the potential for significant gains. While the future of Ethereum remains uncertain, Mpeppe is quickly proving that it has what it takes to succeed in the ever-evolving world of cryptocurrency.

For more information on the Mpeppe (MPEPPE) Presale: 

Visit Mpeppe (MPEPPE)

Join and become a community member: 

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

 



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Canary Capital Files For Staked Tron ETF

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American asset management company Canary Capital has taken a new leap with a new filing for a staked Tron ETF product. Known as the pioneer of some of the most renowned altcoin ETF products, this new Tron ETF has further placed the firm at the forefront of the exchange-traded fund drive.

The Canary Capital Staked Tron ETF

According to the prospectus released by the firm, the new product is dubbed the Canary Staked TRX ETF. The firm is yet to reveal the trading platform the product will trade on, however, it confirms it will provide exposure to the price of Tron.

Based on the pricing data offered by Coindesk Indices, Canary Capital said it will rely on this to establish the Net Asset Value (NAV) for the product. This latest filing comes barely a month after the asset manager filed for Pengu ETF with the US Securities and Exchange Commission (SEC).

This is a breaking news, please check back for updates!!!

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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XRP Price History Signals July As The Next Bullish Month

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Based on historical data, July could be the next bullish month for the XRP price, which continues to consolidate amid this crypto market downtrend. Despite the market downturn, crypto analysts like CasiTrades are confident that the altcoin could still reach a new all-time high (ATH) in this market cycle.

Historical Data Points To July Being The Next Bullish Month For The XRP Price

Cryptorank data shows that July could be the next bullish month for the XRP price. This is based on the fact that the altcoin has recorded significant gains in each of the last five Julys.

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Unlike July, April to June have been mixed for XRP over the last five years. For April, the last three out of five months have been bearish for the altcoin, although it recorded a 174% gain in April 2021.

For May, three out of the last five months have been bearish for the XRP price, although it recorded meagre gains in May 2023 and 2024. Meanwhile, June has been completely bearish for the altcoin, as it recorded monthly losses in the last five months.

It is worth mentioning that four out of the five monthly gains for XRP in July have been double-digit gains. As such, Ripple’s native crypto could again record double-digit gains this coming July.

Interestingly, crypto analyst Egrag Crypto predicted that XRP could reach double digits by its July 21 cycle peak. He alluded to the altcoin’s previous bull runs as to why July could mark this cycle’s peak. The analyst believes the Ripple price could reach $27 by then.

Analysts Argue XRP’s Consolidation Could End Soon

Amid this historical data, crypto analysts Dark Defender and CasiTrades have suggested that the XRP price consolidation could end soon. In an X post, Dark Defender stated that the altcoin’s consolidation is nearing an end and that he believes this is the final consolidation of the monthly structure.

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Once this consolidation is done, the crypto analyst remarked that market participants can expect the Wave 5, which will send Ripple’s native crypto to new highs. He highlighted $2.22 and $2.30 as the major resistances to watch out for, while $1.88 and $1.63 are the major support levels. Meanwhile, the targets on this Wave 5 up are $3.75 and $5.85, which will mark a new ATH for the altcoin.

As CoinGape reported, crypto analyst CasiTrades also predicted that the XRP price could soon reach $6 as Wave 2 correction nears its end. The analyst also raised the possibility of the altcoin rallying to as high as $9.50 and $12 if it reaches the 2.618 and 3.618 Fibonacci extension levels, respectively.

However, there is still the possibility of the XRP price dropping below the $2 level before it rallies to new highs. Egrag Crypto warned that Ripple’s native crypto could still drop to as low as $1.4 in the event of a major liquidation.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ethereum ETFs Record $32M Weekly Outflow; ETH Price Crash To $1.1K Imminent?

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The ETH price’s bearish sentiment since January 2025 has taken a toll on investor confidence, with Ethereum ETFs witnessing significant outflows. As ETH’s value continues to plummet, investors increasingly withdraw their funds. With Ethereum exchange-traded funds recording a massive $32 million in weekly outflows, analysts caution against a potential downtrend.

As Ethereum lingers below the $2,000 mark for weeks, market experts and traders are bracing for a potential further decline to $1,100. Let’s dive deeper into the reasons behind the significant outflows from Ethereum ETFs and its potential impact on ETH price.

Ethereum ETFs Record $32M Weekly Outflows: What’s Happening?

According to SoSoValue, Ethereum ETFs experienced increasing outflows over the past week, driven by the overarching negative market trend. Last week, the ETFs saw a total net outflow of $32.17 million, pushing the month’s outflows to $170.99 million.

In addition, the Ethereum exchange-traded funds experienced an unusual day of neutral flows yesterday, with neither net inflows nor outflows reported. Analyst Ali Martinez shed light on the increasing whale activity over the past week. According to his X post, ETH whales have offloaded 143,000 tokens last week. 

Significantly, this negative sentiment could be attributed to the ETH price’s bearish trend which began in January. Ethereum, which stood high-headed above $3,500 at the onset of 2025, started plummeting to reach a severe low of $1,500 in April. This steady downtrend has caused a stir in the market, with traders showing less interest towards the altcoin.

Is ETH Price Poised for a Crash?

Growing pessimism surrounding Ethereum ETFs has led analysts to warn the community that ETH’s price may extend its downward trajectory. For instance, analyst Altcoin Gordon shared a bearish forecast for ETH price, predicting that the token would further drop to $1,100. However, as per CoinGape’s Ethereum price prediction, ETH could destabilize around a minimum of $1,588 in 2025.

As of press time, ETH is valued at $1,592, down by a marginal 0.20% in a day. Despite a 2.3% surge over the past seven days, ETH has seen a massive dip of 21% in a month. This negative vibe is also reflected on the traders’ sentiment, with the 24-hour trading volume decreasing by 23% to reach $10.5 billion.

Significantly, the Ethereum transaction fees’ recent crash to a five-year low has also contributed to the overall bearish sentiment.

Ethereum Bulls Remain Optimistic

Despite these bearish predictions and negative Ethereum ETF trend, bulls remain optimistic about the ETH price. Analysts like Crypto Rover and CryptoGoos shared their bullish outlooks on Ethereum, invoking investors’ enthusiasm.

Ethereum ETFs Record $32M Weekly Outflow; ETH Price Crash To $1.1K Imminent?Ethereum ETFs Record $32M Weekly Outflow; ETH Price Crash To $1.1K Imminent?

According to CryptoGoos, ETH is expected to repeat history to surge beyond $2,800 in the near future. Meanwhile, market expert Crypto Rover projected the ETH price’s potential journey to an ambitious $10,000. However, it needs to be seen whether ETH can break through its current resistance levels and achieve these lofty targets.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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