Ethereum Analysis: Ready for a Bull Run or Heading for a Dip?
Ethereum Insights
Ethereum ($ETH ) has bounced back to its main demand level, staying between $2,870 and $3,030 on the 4-hour chart, indicating a possible continuation of its upward trend.
However, the situation is dynamic. On the daily chart, Ethereum is moving within an ascending channel, but there's a significant chance it could fall to the $1,900-$2,120 range.
During steep price drops, market fear spikes, and many whales capitalize by shifting their investments to safer currencies.
