Ethereum is 'cheap,' but CryptoQuant flags $1.15K bottom risk – Why?

What happened

Ethereum is being described as cheap, and CryptoQuant has highlighted a risk that the price could fall to around $1,150 per ETH.

Confirmed

Global impact / market context

If ETH reaches $1,150, the large price drop would increase the discount relative to its recent highs, potentially attracting new buyers and affecting investors’ portfolio risk.

Analyst inference

Crypto markets are currently volatile, and many assets are trading below recent peaks, so a deeper dip in ETH would align with broader downward pressure on digital currencies.

Analyst inference

What to watch

1. CryptoQuant’s on‑chain metrics for ETH, such as exchange inflows, to see if pressure is building toward the $1,150 level. Proposed
2. The percentage change in ETH’s price over the next few weeks to gauge whether a 38% mid‑term discount window is materialising. Proposed
3. Broader crypto market sentiment indicators, like Bitcoin’s price trend, which often influences ETH’s direction. Proposed

Affected assets

• ETH — Ethereum

Evidence

• ambcrypto.com