Ethereum (ETH) continues its downward trajectory, falling to the $1824 price level once again, a level last traded at earlier this month on Feb. 6, 2026. According to CoinGecko data, ETH’s price has fallen 2.1% in the last 24 hours, 8.2% in the last week, 11.5% in the 14-day charts, and 37.9% over the previous month. In this price prediction article, let’s discuss if Ethereum (ETH) will continue its descent and fall below the $1500 mark, or will the asset see a recovery soon.

Price Prediction: Could Ethereum Fall Below $1500?

Ethereum’s (ETH) latest price dip comes amid a market-wide correction. Bitcoin (BTC) has fallen to the $63,000 price level and is not showing any signs of a reversal. The crypto market has been struggling for several months now. In fact, the downtrend started in October 2025, when the cryptocurrency market experienced its most significant single-day liquidation in history. Ethereum (ETH), along with the larger market, has been struggling to regain its momentum ever since.

The latest market dip may have been triggered by President Trump’s tariff announcement. Macroeconomic worries and geopolitical tensions, particularly the ongoing US-Iran conflict, may heighten investor concern. Investors are likely to further pull out of risky investments, such as Ethereum (ETH) and other cryptocurrency assets. If the trend continues, Ethereum (ETH) could dip below the $1500 price level.

However, we could see some inflow from the upcoming tax refunds. According to some financial institutions, the US stock market could see billions in inflows after the tax refunds. However, a part of this money could flow into the crypto space. Ethereum’s (ETH) price could benefit from such a development.

Also Read: BlackRock Begins Ethereum Purchase For Staking ETF

According to CoinCodex analysts, Ethereum (ETH) will rebound from its current price level. The platform anticipates the asset to hit $3524 on May 25, 2026. Hitting $3524 from current price levels will entail a rally of more than 93%.