ExchangeDEX+

Buy Crypto Markets Spot FuturesGOLD Earn Event Center

Ethereum could tumble another 22% toward $1,500, marking one of its worst historical streaks, as analysts warn that continued weakness in Bitcoin is amplifying Ethereum could tumble another 22% toward $1,500, marking one of its worst historical streaks, as analysts warn that continued weakness in Bitcoin is amplifying

Ethereum Faces Potential 22% Slide to $1,500 as Bitcoin Drags Market Lower

Author: Cryptonews AU

Source: Cryptonews AU

2026/02/20 14:29

3 min read

1$0.0008453-4.70%

Bitwise senior research associate Max Shannon warned that Ethereum could drop over 20% to US$1,500 if its current monthly decline continues into March.
Shannon characterised ETH as a high-volatility proxy for Bitcoin, noting that it consistently amplifies Bitcoin’s downward moves despite supportive fundamentals like spot ETFs and regulatory clarity.
The market’s bearish sentiment is further reflected by Peter Thiel’s recent exit from ETHzilla and a focus on technical price action over positive ecosystem developments like OpenAI’s new security benchmarks.

The price of Ethereum (ETH) might as well drop over 20%, to a low of US$1,500 (AU$2.2K) if the selloff continues into March.

That’s according to Max Shannon, a senior research associate at Bitwise. Shannon told DL News that a further monthly decline would put ETH on course for a drawdown streak approaching the seven-month slide seen between May and November 2018.

Read more: Stripe-Owned Bridge Wins Conditional OCC Approval to Become National Crypto Bank

Ethereum as a Bitcoin Proxy

Shannon said Ethereum is largely trading as a high-volatility proxy for Bitcoin (BTC), moving in the same direction but with bigger swings.

“ETH continues to trade as a highly correlated, high-beta expression of BTC”, he said. In his view, Bitcoin’s weakness is pulling ETH lower, while traders are paying more attention to technical price action than to supportive fundamentals.

That has frustrated investors, he says, because Ethereum has several tailwinds on paper, including broader regulatory clarity, the launch of US spot Ethereum exchange-traded funds by multiple issuers, and the network’s central role in the roughly US$300 billion (AU$459 billion) stablecoin market.

ETH has also been cited publicly by BlackRock CEO Larry Fink, but Shannon said those signals have not translated into stronger price performance. The investment manager recently seeded its proposed iShares Staked Ethereum Trust ETF with US$100K (AU$141K), as Crypto News Australia reported.

The broader pressure is showing up in equity-linked Ethereum treasury trades as well. A recent SEC filing published Thursday showed Peter Thiel sold his entire 7.5% stake in ETHZilla by the end of 2025 after the company pivoted from biotech to building an Ethereum treasury.

And despite the price weakness, development activity around Ethereum continues. For instance, OpenAI recently unveiled EVMbench, a smart contract security benchmark developed with crypto investment firm Paradigm, aimed at testing whether AI agents can identify, exploit, and remediate vulnerabilities in Ethereum smart contracts.

Read more: Polish President Vetoes MiCA Bill Again, Casting Doubt on Crypto Oversight Timeline

The post Ethereum Faces Potential 22% Slide to $1,500 as Bitcoin Drags Market Lower appeared first on Crypto News Australia.

Market Opportunity

Ucan fix life in1day Price(1)

$0.0008453

$0.0008453$0.0008453

-0.73%

USD

Ucan fix life in1day (1) Live Price Chart

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

Tags:

#ETF