By USA Goldmines 
Speculators fear the leading altcoin could face a death spiral as its month-long decline threatens a support level that has marked Ethereum bottoms since 2020.
As the bull market matures, economic concerns—Trump’s “tariff war,” NATO tensions, and recession fears—have taken center stage, dragging ETH down 24% this month.
Retail liquidity has dried up under heavy market FUD, and panic selling is running rampant—half of holders now face unrealized losses, according to IntoTheBlock data.
Could Ethereum Lose its Claim to the Altcoin Throne?
Investment bank Standard Chartered has slashed its end-of-year Ethereum forecast by 60% to $4,000, raising questions about its standing in the “best crypto to buy” conversation.
The bank attributes much of Ethereum’s decline to the rapid expansion of Layer 2 solutions like Base.
While initially intended to improve the Ethereum network’s scalability, they have inadvertently diluted demand for ETH itself.
Standard Chartered estimates that the adoption of L2 networks has shaved off $50 billion from Ethereum’s market capitalization—a trend expected to continue.
ETH Price Analysis: 5-Year Support Under Threat
Ethereum is at risk of losing a critical 5-year support level that has defined its price moves since 2020.
This lower bound of a symmetrical triangle pattern is a pivotal level—a breakdown could send Ethereum plunging as low as $1,050, marking a potential 45% decline from current prices.
However, today’s growth offers a glimmer of hope, with technical indicators hinting at a potential bounce.
The Relative Strength Index (RSI) has made a U-turn after hitting the oversold threshold at 30, a sign that selling pressure may be exhausted.
If buying pressure persists, Ethereum could climb to retest the upper resistance at $3,500, representing an 80% gain from current levels.
That said, against the current bearish market backdrop, this bullish scenario is questionable.
This New ICO Just Hit an All-Time High
Any trader hedging their risk likely features Bitcoin (BTC) as a major part of their portfolio, especially as the altcoin market continues to fall.
While Bitcoin provides stable gains, it often sacrifices upside potential—that’s where Bitcoin Bull (BTCBULL) comes in, offering a fresh way to capitalize on BTC tailwinds.
True to its name, Bitcoin Bull ties its tokenomics to Bitcoin’s price growth in a deflationary model.
The project burns tokens and distributes BTC airdrops whenever Bitcoin reaches key milestones—starting at $125,000 and triggering new rewards for every $25,000 climb thereafter.
With some analysts forecasting BTC highs of $250,000 this cycle, BTCBULL could become a Bitcoin Maxi’s best friend.
With over $3.8 million raised in its initial 6 weeks, the project is already gaining strong momentum—potentially credited to its 112% APY on staking that rewards early investors.
You can keep up with Bitcoin Bull on X and Telegram, or join the presale on the Bitcoin Bull website.
The post Could Ethereum Be Entering a Death Spiral? ETH Risks Critical 5-year Support appeared first on Cryptonews.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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