Ethereum Price Prediction Dives Below $1,600—Justin Sun Holds Despite 60% ETF Plunge

This week, the narrative surrounding Ethereum price prediction took a sharp turn. There has been a staggering 60% drop in the total net assets of U.S. spot ETH ETFs. As outflows crash, top crypto figure Justin Sun announced he won’t sell his ETH, even as the coin hovers near $1,600. This comes amid continued ETH price decline and broader pressure on altcoin trends. Institutional sentiment is cautious, and technical indicators now point to extended bearish momentum.

Institutions Dump ETH: Are ETFs Losing Trust?

Ethereum ETFs saw a net outflow of $12.01 million on Wednesday alone. It is part of a larger $909 million bleed since the enforcement of Trump’s tariff policy. These outflows have reduced the total net assets of ETH ETFs. From a December high of $14.28 billion to just $5.25 billion, an over 60% loss. The shift highlights a strong risk-off sentiment among institutions. This is fueling the ETH price decline and shaking confidence across key altcoin trends.

Major issuers like Fidelity, Grayscale, and Bitwise are now lobbying the SEC to allow staking within their Ethereum ETF products. If approved, this feature could offer investors a 3% yield, potentially reducing the current sell pressure. However, until such changes materialize, bearish momentum may continue to dominate market sentiment.

Will Sun’s ETH Confidence Inspire Whale Reversal?

Despite the negative flow, Tron founder Justin Sun remains bullish on Ethereum. In a recent X (formerly Twitter) post, he stated that he has no plans to sell ETH, even at current low prices. This follows increased whale movements, including Sun-linked wallets that still hold significant stETH balances.

ETH is currently at a low price, but we have no intention of selling our ETH holdings. Tron will continue to seek opportunities to collaborate with more Ethereum developers and build our industry together.

— H.E. Justin Sun 🍌 (@justinsuntron) April 17, 2025

Blockchain analytics from Arkham reveal that one wallet holds over 168,000 stETH. That wallet is possibly Justin Sun’s, reaffirming his long-term commitment. Meanwhile, digital asset firm Galaxy Digital reportedly transferred nearly 50,000 ETH to Binance and Coinbase over the past five days. Such contrasting moves reflect the investor outlook amid the ongoing ETH price decline and intensifying altcoin trends.

In a related development, ETH futures saw liquidations totaling $23.1 million in the last 24 hours. Notably, long zones made up over half of this figure, underlining the strength of the ongoing bearish momentum.

Technical Charts Hint at Ethereum’s Turning Point

Ethereum has remained in a strong downtrend since December 16. ETH has been caught in a descending channel for over four months, its longest such streak since launch. A potential breakdown below the level could lead to rapid sell-offs. However, a breakout above the upper band might reignite the Ethereum price prediction bullish narrative. It can push the ETH toward the $2,000 mark.

Chart 1 – Provided by CryptoFXStreet, published on TradingView, April 18, 2025.

The Relative Strength Index (RSI) is nearing oversold territory, while the Stochastic Oscillator has remained oversold since February. MACD indicators also show weakening bearish momentum. However, these indicate external catalysts, such as ETF staking approvals or improved macro sentiment, emerge to support a turnaround.

Looking ahead, all eyes are on the SEC’s decision regarding ETH staking. If allowed, it could shift market dynamics and breathe life back into the Ethereum price prediction. Until then, technicals and cautious whale movements will decide short-term price behavior.

Bottom Line: Is Ethereum’s Price Nearing the End?

The Ethereum price prediction remains clouded by macroeconomic factors, institutional retreat, and prolonged bearish momentum. While Justin Sun’s confidence sends a positive signal, it contrasts sharply with broader market volatility. A shift in regulatory clarity or staking policy could become a pivotal moment not just for Ethereum, but for overall altcoin trends.