Will ETH Hit Rock Bottom at $1,200? Analyst Reveals His Buy Zone Strategy

ETH fell by 1.1% in the past 24 hours, sliding to just above $1,800 as analysts suggested the recent rally may have been a dead-cat bounce. Among the top five cryptocurrencies, Ethereum has posted the steepest losses in 2025, down 45.4% year-to-date.

The network’s struggle to remain competitive has pressured the price of its native asset, with rival smart contract platforms like Solana (SOL) and Sui (SUI) offering lower fees and faster execution speeds.

ETH Nears Critical $1,500 Support After Major Downtrend

Crypto trader Big Cheds, who has more than 300,000 followers on X, pointed to the $1,200 level as a critical support and potential buy zone for ETH if the current downtrend continues.

He noted that a bounce from this level could lead to a mid-term rally toward the $3,400 range, translating to a 283% gain.

Looking at the weekly chart, ETH has been in a prolonged downtrend since it failed to break above $4,000 for the third time.

This triple top pattern reflected investor hesitation in pushing valuations higher amid an uncertain macroeconomic backdrop.

Despite these challenges, some technical levels have held firm. The $1,500 support zone has previously acted as a launching point for strong recoveries.

ETH rebounded by 41% and 149% the last two times it touched this level, with each move resulting in a higher high.

If a similar reaction occurs again, the price could target the $5,000 mark, which would represent a 221% increase.

Can ETH Bounce Back or Is $1,200 the Next Stop?

Whether ETH will hold its footing at $1,500 or continue slipping remains to be seen.

A sustained drop below that level could send the price toward $1,200, and potentially as low as $900, implying a total downside risk of around 42% from current levels.

Traders and long-term holders alike will be watching closely to see how ETH reacts to this zone.

A strong bounce could reignite interest, while a bearish breakdown might confirm further downside in the short term.

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