ETH could fall to $1,500 without new catalyst, analyst says

Bitwise analyst Max Shannon has warned that Ethereum could fall as much as 22% to $1,500, DL News reported. Shannon noted that ETH is facing a potentially historic downturn, having recorded six consecutive months of declines. He predicted that without a clear macroeconomic or token-specific catalyst to restore momentum and investor sentiment, the price could drop to $1,500. Shannon also pointed to Bitcoin as a factor in Ethereum's sluggish performance, explaining that ETH has a high correlation with BTC and tends to move in the same direction but with greater volatility.