Crypto analyst Max believes that the Ethereum price is currently at a critical point and could enter a bearish phase if it fails to complete a specific pattern. Max warns that if Ethereum does not complete its "ultra-scary 3 drive into the lows" pattern, it could experience a further downtrend. The analyst indicates that there is limited support beneath the current price level, with the next significant support at $2,400. Max also mentions a worst-case scenario where Ethereum drops to $2,800 and Bitcoin drops to $95,000, which would require an immediate reaction. Despite this, Max maintains a bullish stance on Ethereum and does not intend to sell his spot holdings. Additionally, crypto whales have been accumulating Ethereum, and there is an expectation that the price could reach $4,000 by the end of February and potentially rise to $10,000 in April. Currently, Ethereum is trading around $3,100, down 2% in the last 24 hours.



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