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Ethereum Price Predicted to Drop to $4,081 Amid Bearish Control
Ethereum price has declined significantly after reaching an all-time high above $4,900. Bears are currently in control, and analysts forecast a potential drop of 10%, targeting a return to around $4,000.
Current Market Analysis
- Technical indicators suggest bearish trends for Ethereum.
- The price broke below $4,490 support, confirming bearish control.
- Forecasts predict further declines: first to $4,335, then $4,215, and potentially down to $4,081.
- Resistance is noted around $4,500, where price could face rejection.
- Performance linked to Bitcoin's market behavior; further Bitcoin declines may affect Ethereum negatively.
- If Ethereum can reclaim the resistance at $4,650 strongly, it could signal a potential rally.

