Accurate predicted cipher analyst Ethereum prices decline Starting from $2,800, we reaffirm the bearish breakdown and project fresh gatherings onto the horizon. Market experts highlight ETH while cryptocurrencies navigate this downtrend Possibility of a significant rise We encourage traders to consider dip-buy opportunities.
Next, expect a rise in Ethereum prices
Following his recent predictions, Major Dumps of Ethereum Pricesmarket expert Crypto Patel took to X (formerly Twitter). Share Insights into the next move in the second biggest cryptocurrency. According to analysts, Ethereum was denied neatly from the Resistance Strength Line, Loss of $2,500 support level.
Crypto Patel had previously called for shorts at the top, but the market continued with a 22% crash, dragging ETH into the $2,200 zone. Violation of this channel support was marked The Bears’ decisive victorydisables Ethereum medium-term bullish structure Move sentiment down rapidly.
Presenting the chart, Crypto Patel reveals that Ethereum prices are hovering at $2,244 at a 0.5 Fibonacci retracement level at analysis. This is considered a potential short-term bounce area, but if the price is not retained, the following key support is at the 0.618 level, close to $2,116.
Analysts now say that while recent dumps are expected Important accumulation zones– If approached strategically, it could offer a high rise potential. Overall, Crypto Patel’s analysis suggests that the next move from Ethereum after the recent price collapse can be seen Surge to the highest ever From $8,000 to $10,000, or if low support fails, it crashes to a fresh low.
$1,800-$2,200 is identified as a buy dipe zone
While mapping Ethereum’s next move, Crypto Patel’s chart shows that the price action fell into the critical technology pocket between FIB levels of 0.5 and 0.618. a Fair Value Gap (FVG) It exists in the same range around $2,200-1,800 and joins the idea of Purchase setup.
Below this, the 0.786 FIB level is $1,947 and the 1.0 FIB level is $1,751, which is a historically bullish and close match. Order Block (OB) between $1,782 and $1,840. As prices continue to slide, this zone is marked as a high-intensity inverted area.
Despite the short-term bearish momentum that is already likely to follow Ethereum Weak price actionCrypto Patel’s forecast long-term target range has more favorable results between $8,000 and $10,000. Ahead of this surge, analysts will raise the question of whether traders should consider buying ETH with FVG while prices remain low. He too guarantee Traders climbing Ethereum towards his predicted bull range are expected to be slow, but certainly.
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