The post Ethereum Price in Danger of Dropping to $1.2K Next, Analyst Warns appeared on BitcoinEthereumNews.com.

Ethereum’s native token, Ether (ETH), may decline 40% to $1,200 in the coming weeks, according to a fractal setup shared by analyst Leshka.eth. Key takeaways: Ethereum setup flashes bull trap warning Ethereum’s $1,200 downside target comes from a Supertrend setup on the daily chart, where two earlier bullish flips failed and led to steep breakdowns. The Supertrend is a simple trend-following line plotted directly on the price chart. It changes color to show the current market direction: green when the trend is rising and red when the trend is falling. ETH flashed similar bullish flips in October 2025 and January 2026, but neither held. ETH/USD daily price chart. Source: TradingView In both cases, the price moved above the Supertrend’s upper band, which then started acting as support. Once ETH lost that support, the recovery unraveled and the price dropped 45% and 48%, respectively. “Now the same setup is forming at $1,990,” said Leshka.eth, adding: “If that level breaks, the next target is the $1,200 zone.” That aligns with the measured downside target of Ethereum’s prevailing bear flag pattern, as shown below. ETH/USD daily price chart. Source: TradingView The bearish setups are taking shape as Ethereum gives back its March gains against a worsening macro backdrop. Related: Ether traders see ‘further decline’ as ETH price slips below $2K Risk appetite has weakened alongside the US–Israel and Iran war, recession fears have risen, and bond traders no longer expect the Fed to cut rates before December 2027. Target rate probabilities for the December Fed meeting. Source: CME ETH has fallen more than 17% from its monthly high from over two weeks ago. US spot Ether ETFs have seen roughly $300 million in net outflows over the same stretch. The apparent demand for Ethereum has also slipped to its lowest in 16 months.…

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Filed under: News - @ March 30, 2026 10:24 pm