The analyst predicts 20 % of the low price of ETHEREUM less than $ 2000, which is the reason
The cause of confidence
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While the price of bitcoin remains close to its highest levels ever, the price of ETHEREUM has done a large extent. This failure to perform has made extensive pressure in the Altcoin market as a whole, and the resulting procedure has sparked what appears to be a bear market for Altcoins. To date, the price of ETHEREUM has not shown any signs of recovery ascending, while the dark expectations remain at this level, and analysts expect more accidents.
Why the Ethereum price is heading to less than $ 2000
Crypto Maddox Metrics has given short and long -term expectations for ETHEREUM, and it appears that the current market decline is not anywhere near its end. In the short term, Madox Expected Ethereum price to continue to decline, and in fact, it is less than some of the main support levels.
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As the encryption analyst explains, investors are already Expect the price of ETH already Towards the target of $ 1900. As shown in the analyst’s scheme, this will actually be the second wave of the number of wave 5 with Ethereum’s transition to its long -term potential.
While there was a lot of purchase, especially among institutional investors and ETF exporters, the ETHEREUM price continues in the low direction. This analyst attributes the growing war tensions in the Middle East, as World War 3 fears are increasing more intense.
At this level, the analyst warns investors from looking into a more patient strategy, saying that “the money is done in the fluctuations of sitting, and does not fluctuate inside and outside every part of the news and prices.” Thus, it is better to hold positions until the market finds a stable point.
Eth is still optimistic in the long run
Although the wave style indicates a collapse of less than $ 2000 in the short term, the analyst says Long -term forecast for Ethereum price It remains up. The analyst explains that the current decline, which is the decline in wave 2, represents the end of the incentive wave when resisting 2700 dollars.
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This indicates that as soon as the current wave is over, the next wave is found, which is the upper wave.
The fourth wave is naturally declining and will lead to crash, while the fifth and final wave Send Ethereum price to $ 7,000. The timeline of this occurrence, as shown in the plan, will be during the year 2025 until the first months of 2026.
Distinctive image from Dall.e, Chart from TradingView.com
