Ethereum price analysis: ETH/USD eyes $400.00 amid cryptocurrency sell-off; miners are deep in red

Bears are driving ETH lower, critical support within reach.
Ethereum miners are losing money at current ETH exchange rate.

Tanya Abrosimova Independent Analyst

ETH/USD touched $416.00, the lowest level since August 2017. The coin has lost over 5% of its value amid widespread sell-off in the cryptocurrency market. The Cryptocompare data shows the spike in ETH volatility and trading volumes, while many people hope for a fresh buying interest at $400.00 handle. This is a critical support level, as once it is broken, the coin may move towards $320-$300 area.

ETH mining profitability is diminishing together with the price. It is as low as $0.0307 per day for 1 Mhash/sec as compared to $0.233 in January 2018, when Ethereum price was close to $1,400. Considering the cost of electricity, cost of equipment and other overhead costs, including taxes on mining applicable in some countries, most of ETH miners have been losing money for several months.

The situation is problematic, especially in the light of new ASIC mining rig being developed for ETH mining, which will lead to the centralization of the process and effectively force small miners out of the market to due to high equipment costs.

ETH/USD, the hourly chart

Author

Tanya Abrosimova

Independent Analyst

Pi Network Price Forecast: Core team offloads supply, weighing on PI recovery

Pi Network hovers below $0.1700, broadly steady at press time on Monday, attempting a recovery after a 2% loss the previous day. Sunday’s decline aligned with nearly 49 million PI tokens offloaded by the Pi Foundation, implying a spike in supply pressure that capped the prevailing four-day recovery.

Cosmos Hub Price Forecast: ATOM under pressure as bearish momentum accelerates

Cosmos Hub steadies near $1.82 at the time of writing on Monday, following a 20% decline the previous week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.

Meme Coins Price Prediction: Dogecoin, Shiba Inu, and Pepe show bearish signals at key levels

Meme coins are hovering around key support zones at the start of this week on Monday, after extending losses in the previous week. Dogecoin (DOGE) signals a neutral near-term bias with a slight bearish tilt.

Solana Price Forecast: SOL consolidates amid rising Middle East tensions

Solana (SOL) trades around $84 at press time on Monday, coiling further within a consolidation range that keeps the momentum trapped. Institutional interest in Solana resurfaced last week, with inflows of over $44 million capping downside pressure.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.