3 Reasons Why Ethereum (ETH) Could Fall to $2,000 Ethereum has fallen about 15% over the past month, now trading just above $2,300, with analysts warning it could drop to the psychological $2,000 level. Bearish indicators include significant whale selling, increased stockpiling of currencies on exchanges and a weakening technical outlook, with the loss of key support levels. Conversely, a large investor opened a long position of $45 million, and the RSI indicates that ETH may be approaching oversold conditions, indicating potential for a recovery.