Ethereum Could Drop to $1,400 Amid Continued Market Downtrend
Crypto analyst Klejdi warns that Ethereum (ETH) may decline to $1,400, indicating a bearish trend. Key points include:
- ETH dropped nearly 12% within three days after breaking out of its recent pattern.
- The altcoin's performance is closely linked to Bitcoin, which has also shown signs of further decline.
- Klejdi suggests ETH will consolidate before moving toward the $1,400 target this month.
- An Ethereum whale sold off all holdings, signaling a lack of confidence in a price recovery.
Conversely, analyst Virtual Bacon remains optimistic, believing ETH will reach new highs, particularly once global liquidity shifts occur. Crypto Patel predicts significant growth for ETH between Q2 and Q4 of this year, suggesting accumulation between $1,900 and $1,300 with targets up to $10,000.
Currently, Ethereum trades around $1,850, reflecting a slight increase over the last 24 hours.
