Ethereum Price Forecast: Could ETH Drop to $2.2K–$2.4K?
Andrew Kang, co-founder of Mechanism Capital, has predicted that Ethereum (ETH) could fall to between $2,200 and $2,400 if the U.S.-China trade dispute intensifies.
Kang also noted that ETH faces short-term resistance between $2,900 and $3,000, suggesting that macro uncertainties could weigh on Ethereum’s price action in the coming weeks.
Why Could Ethereum Drop to $2.2K–$2.4K?
Several factors could contribute to a potential ETH price decline:
1. Rising U.S.-China Trade Tensions
- China recently imposed new tariffs on U.S. goods, escalating the trade conflict.
- Uncertainty in global markets could lead to a sell-off in risk assets, including Ethereum.
2. Resistance at $2.9K–$3K Levels
- Kang highlighted that Ethereum faces key resistance in the $2,900–$3,000 range.
- If ETH fails to break through, a pullback to lower support levels is likely.
3. Broader Crypto Market Weakness
- Bitcoin dominance remains high, suggesting altcoins like ETH may struggle.
- Macroeconomic factors, including interest rate expectations, could add pressure on ETH.
Can Ethereum Hold Above $2.4K?
Bullish Scenario (ETH Holds Above $2.4K):
If institutional demand for ETH ETFs continues, Ethereum could remain stable.
Ethereum network upgrades (like Dencun) may provide long-term support.
A weaker U.S. dollar or improved trade conditions could push ETH higher.
Bearish Scenario (ETH Falls to $2.2K–$2.4K):
Further trade war escalation could lead to a broader risk-off sentiment.
If Bitcoin retraces, Ethereum could follow suit.
Profit-taking at $2.9K–$3K resistance could push ETH lower.
Conclusion
Andrew Kang’s Ethereum forecast highlights the potential downside risk for ETH amid U.S.-China trade tensions. While ETH faces resistance at $2.9K–$3K, a major escalation in trade disputes could trigger a drop to $2.2K–$2.4K.
Traders should closely monitor global macro trends and Ethereum’s key support levels in the coming weeks.
To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum’s price action and institutional adoption.
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