Arslan Butt•Sunday, April 6, 2025•2 min read
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The second-largest cryptocurrency by market cap has been slipping steadily, and according to analysts like Bit Bull, the downtrend might not be over just yet.
As of April 6, ETH is trading around $1,803, down about 1% on the day—and things could get worse before they get better.
Why $1,600 May Be Next
Bit Bull and other analysts believe ETH could fall as low as $1,600 in the coming weeks. The reason? A combination of weak technicals and worrying on-chain data.
Ethereum recently broke down from a symmetrical triangle pattern, a setup that usually signals continued bearish momentum. After failing to reclaim the key $2,000 level, ETH is showing signs of fatigue, with price action stuck in a tight, downward range.
At the same time, ETH’s…
