- Ethereum (ETH) fell back to $1,824 on February 24, 2026, a price level last seen earlier in the month on February 6.
- CoinGecko data indicates ETH has dropped 2.1% in 24 hours and nearly 38% over the past month.
- Analysts debate whether the asset will fall below $1,500 or stage a recovery, with some platforms forecasting a significant rebound.
Ethereum (ETH) resumed its sharp decline on February 24, 2026, plummeting once again to the $1,824 price level where it last traded on February 6. This latest drop is part of a broader market correction that has seen Bitcoin struggle below $63,000, with no immediate signs of a bullish reversal. Consequently, the entire cryptocurrency sector has been under significant pressure for several consecutive months.
The downturn began in October 2025, following the market’s most significant single-day liquidation event in history. Meanwhile, the latest price dip may have been triggered by recent geopolitical tensions and macroeconomic policy announcements. Investors are consequently pulling capital from risk assets like cryptocurrencies amid heightened global uncertainty.
However, some analysts believe a potential catalyst for recovery could emerge from upcoming U.S. tax refunds. This seasonal inflow of capital has historically benefited markets, with a portion potentially flowing into digital assets. CoinCodex analysts notably anticipate a rebound, forecasting ETH could reach $3,524 by May 25, 2026.
This prediction suggests a potential rally of over 93% from current levels. The central question remains whether external headwinds will push ETH below $1,500 first or if bullish fundamentals will prevail. Market participants are now closely monitoring both macroeconomic signals and on-chain activity for the next directional cue.
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