Ethereum Price Prediction: Ethereum Is One Month Away From a Rare Capitulation Record – Bounce or Breakdown?

Ethereum is on the edge of a rare losing streak that is fueling bearish price prediction. The asset is threatening a seventh straight monthly decline after slipping below the key $2,000 psychological level. Although price briefly bounced back above $2,010, the recovery looks fragile.

On-chain data suggests large holders are distributing into strength, while macro pressure continues to build.

Ethereum Price Prediction: Whales Signal ‘Risk-Off’ Shift

On-chain data shows a clear shift among whales with addresses holding between 100,000 and 1,000,000 ETH have reduced reserves over the past 90 days, and this is happening outside exchanges. That suggests real de-risking, instead of short-term trading prep.

Macro pressure is not helping. Sticky inflation has cooled institutional appetite for risk, and Ethereum has been one of the hardest-hit majors. If distribution continues, $1,800 becomes the key downside level to watch.

That said, the correction appears macro-driven rather than tied to collapsing network fundamentals.

Daily RSI sits near 43, historically a zone where relief rallies can form. Funding rates have normalized, and open interest has dropped, reducing leverage risk.

If $1,840 holds and ETH reclaims $2,140, momentum could shift back toward $2,200 and potentially higher. For now, whales are trimming exposure, but the setup is approaching a short-term inflection point.

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