Ethereum Price at Risk? Bloomberg Strategist Predicts $1,000 ETH Scenario

Ethereum ‘s recent dip in price has had many wondering if a further fall is inevitable. In the last week, Ethereum dropped 14% below the $1,800 level. Despite the coin’s strong standing within the larger blockchain community, its inability to stay above key levels is now beginning to unsettle investors.

As of this writing, the value of Ethereum stood at approximately $1,801. Even with this price volatility, though, the market has not been discouraged. In fact, the volume of trades went up by 42% to $13.09 billion. The surge suggests that investors are positioning for additional volatility or trying to profit from the swings.

Even with its current struggles, Ethereum is still pulling significant attention, though the market as a whole is showing cracks. Many other altcoins are in the same situation. For instance, XRP lost 4% of its value over the last 30 days, Solana decreased by 12%, and Dogecoin went down by 19%.

Bloomberg’s Stark Warning — Is $1,000 the Next Stop?

Mike McGlone, a Senior Macro Strategist at Bloomberg Intelligence, recently raised concerns about Ethereum’s direction. Drawing a comparison between Ethereum and broader risk assets, McGlone remarked that a further decline in ETH could send a signal of broader financial market weakness. “Ethereum may guide the way for risk assets,” he said.

#Ethereum vs. $2,000 may guide the way for risk assets. Is $1,000 next?
Full report on Bloomberg here: https://t.co/vsuw0mMdL2 {BI COMD} #commodities #stockmarket #cryptos #macroeconomics @BBGIntelligence pic.twitter.com/soxMwnyIPC

— Mike McGlone (@mikemcglone11) March 28, 2025

His concern lies not only in Ethereum’s dip but in the pattern it suggests. McGlone wonders if the coin is heading toward its 2020 valuation, asking pointedly: “Is $1,000 next?” His comments reflect the apprehension in the market, as Ethereum’s inability to stay above the psychological $2,000 level could open the gates for more downside.

This is not just about Ethereum. McGlone’s comments indicate that if ETH continues going down, other big assets of the crypto world can also see steeper drops. A general altcoin dip isn’t far behind if Ethereum is under stress.

Ethereum’s Long-Term Outlook Remains Strong

Although the short-term picture is negative, the underlying fundamentals of Ethereum remain intact. Different analysts still think the long-term strength of the token is still strong. They think the latest dip is just part of a profit-taking binge, and when that subsides, the market will be better.

There is also the possibility of the growing real-life application of Ethereum. The recent launch of a bank-issued stablecoin is one such development that can potentially strengthen the asset’s robustness in the future. Investors are keeping a watchful eye on whether these innovations will be enough to reverse the downtrend.