Machine Learning Algorithm Forecasts Ethereum Price Drop to $1,526

Ethereum's price faces potential decline, with CoinCodex predicting a drop to $1,526 within weeks and possibly reaching $1,447.96 by August 2025. Key points include:

Ethereum has experienced four consecutive months of bearish closes.
Technical indicators signal an impending correction due to macroeconomic pressures and declining Bitcoin prices.
Recent monthly losses: January (-1.27%), February (-32.2%), March (-18.4%), April (-1.58%).
Only 16 out of the last 30 days were positive for Ethereum, indicating unstable market conditions.
The current volatility rate stands at 6.43%, reflecting market uncertainty.
Investor sentiment remains bearish despite a Fear and Greed index reading of 65, suggesting market optimism may be misplaced.
Whales continue to buy ETH, with one purchasing 30,000 tokens worth approximately $54 million.
Ethereum is currently trading at $1,827, down over 38% year-to-date.

In light of these factors, now may not be the optimal time to invest in Ethereum.