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With a 16.42% drop this week, the bearish patterns and signals overwhelm the Ethereum price chart. The overpowered bears begin the bloodbath with the evening star Ethereum was vulnerable to a bloodbath if its price does not hold above $2,850 during the weekend. The resulting correction could drag ETH’s value by 24% if no Hace 19 horas Explore Ethereum price prediction, These changes have already driven a 20% increase in Total Value Locked Failure to hold $2,465 support could trigger correction to $2,100–$2,200 Should the price sustainably remain above this newly established support, there’s potential for the ongoing recovery to extend towards targets of $2,700, followed by Hace 1 día Ethereum price prediction hinges on the asset’s ability to turn key technical resistance into support, while leveraging protocol upgrades and improving regulatory clarity. Standard Chartered analysts have revised their year-end ETH price forecast downward from $10,000 to $4,000. They attribute this adjustment to competition from A break below these supports could extend the correction phase. In this scenario, the price might test the lower boundary of the falling channel pattern near $1,500. Hace 6 horas Ethereum Price Prediction/ForecastWhat Do Technical Indicators Say Ethereum has formed a clear inverse head-and-shoulders pattern on the daily chart, pointing Ethereum saw a 13% correction but is stabilizing, as investors shift to HODLing, reducing selling pressure and supporting price recovery. A decline in ETH inflows to

Ethereum Price Prediction: Weekend Correction – Bloodbath Ahead?

Is Ethereum headed for a significant correction, potentially even a bloodbath? Recent price action and technical indicators paint a concerning picture. With a 16.42% drop this week, bearish patterns overwhelm the Ethereum price chart. The overpowered bears seem to be initiating a bloodbath, signaled by an evening star formation.

Ethereum Price Prediction: Key Levels to Watch

Ethereum was vulnerable to a bloodbath if its price did not hold above $2,850 during the weekend. Failure to hold $2,465 support could trigger a further correction, potentially down to the $2,100–$2,200 range. A break below these supports could extend the correction phase significantly. In a worst-case scenario, the price might even test the lower boundary of the falling channel pattern near $1,500.

Factors Influencing Ethereum's Price

Several factors are contributing to the current uncertainty surrounding Ethereum's price. Explore Ethereum price prediction and consider the impact of protocol upgrades and regulatory clarity. Ethereum price prediction hinges on the asset’s ability to turn key technical resistance into support, while leveraging these developments.

Will the Correction Turn into a Bloodbath?

The resulting correction could drag ETH’s value by 24% if critical support levels fail. Ethereum saw a 13% correction recently but is showing signs of stabilizing, as investors shift to HODLing, reducing selling pressure and potentially supporting price recovery. A decline in ETH inflows also suggests reduced selling pressure. Should the price sustainably remain above newly established support, there’s potential for the ongoing recovery to extend towards targets of $2,700, followed by higher resistance levels.

Technical Indicators Offer Mixed Signals

What Do Technical Indicators Say? Ethereum has formed a clear inverse head-and-shoulders pattern on the daily chart, potentially pointing to a future bullish reversal if confirmed. However, the immediate bearish pressure outweighs this longer-term bullish signal.

Analyst Price Predictions: A Reality Check

Standard Chartered analysts have revised their year-end ETH price forecast downward from $10,000 to $4,000. They attribute this adjustment to competition from alternative blockchain platforms. These changes have already driven a 20% increase in Total Value Locked (TVL) on some competing platforms.

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