CandleFocus Ethereum Could See a 53% Price Correction If This Happens—Analyst
2024-10-11
Author: Content Editor
The price of Ethereum has been sluggish recently, closely following Bitcoin's movements. It is currently trading at $2,392, down 1.5% in the past 24 hours and down 51% from its all-time high. Analyst Ali warns that if Ethereum breaches the critical support level of $2,250, it could trigger a major price drop. On the other hand, analyst EtherNasYoNAL suggests that Ethereum is in the final stages of a retest and accumulation process, similar to its price movements in 2020 before a mega bull run. They believe Ethereum is poised to enter another mega bull cycle in 2025 and remain bullish on its long-term trajectory.
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