CandleFocus Ethereum Cannot Recover! What to Expect from ETH Price in the Coming Months? Analysts Point to These Dates for Bottom and Rise!
2024-09-13
Author: Content Editor
The article highlights that Ethereum has been performing poorly against Bitcoin, falling behind by 12% in the last month compared to Bitcoin's 3% decline. 10X Research analysts predict that Ethereum could continue to decline and may bottom out in the next 2-4 months. The consolidation process in Ethereum may continue, and it is not expected to see an immediate recovery in price. Analysts recommend monitoring medium-term reversal indicators such as RSI and Stochastic for potential trend reversals. Analyst Benjamin Cowen also predicts a deeper correction in Ethereum before the end of the year, with a potential drop of over 48% before a recovery in early 2025. However, the article notes that this is not investment advice.
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