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Ethereum Struggles Below $3,000, Analysts Predict Further Declines
The Ethereum price struggles to surpass the $3,000 mark, raising concerns about potential declines.
Analyst Predictions
- Analyst Ted Pillows highlighted that failure to recover above $3,000 could push Ethereum down to the $2,800 range soon, indicating a possible 5% retracement from its current level of just over $2,940.
- This adds to a 16% decline over the past month.
- Analyst Columbus noted Ethereum's underperformance compared to Bitcoin, trading below its Volume Weighted Average Price (VWAP), with weak rally conviction.
- Liquidity in the $3,050 to $3,250 zone has capped upward price movements.
- If Ethereum fails to hold above $2,850, it risks deeper losses toward liquidity levels between $2,400 and $2,700.
Long-Term Outlook
- Expert CryptoBullet introduced a fractal model for Ethereum predicting bearish outcomes for 2026.
- The model suggests Ethereum might briefly recover early next year but face significant resistance between $3,600 and $3,800.
- A dramatic decline to $1,385 is possible, reflecting a 63% drop if this pattern mirrors 2022 performance.
