๐Ÿ“‰ Ethereum Price Prediction: Bears Target $2,400 After 9% Dip ๐Ÿšจ๐Ÿ“Š

๐Ÿ“Š Ethereum Struggles Below $3,350
Ethereum ( $ETH ) has dropped 9%, trading below $3,350 after failing to sustain momentum. Its monthly high stands at $4,098, while the low is $3,103. Analysts warn that a break below $3,540 could trigger a correction toward support zones at $2,400-$3,160.

๐Ÿ“‰ Key Technical Levels to Watch
ETH is facing resistance at $3,620, with the 3-standard deviation level acting as a barrier. The MACD moving average near $3,613 signals indecision, suggesting Ethereum needs stronger bullish momentum to break higher.

๐Ÿ“ˆ Bullish Scenario Remains Possible
Analyst Josh from Crypto World highlights a potential Inverse Head and Shoulders pattern forming on the weekly chart. For confirmation, ETH needs a weekly close above $4,000-$4,100. If successful, it could target $7,000, presenting a major opportunity.

๐Ÿš€ Range-Bound Yet Optimistic
Ethereum continues to make higher highs and higher lows, indicating short-term bullish strength. Key resistance remains between $3,900-$4,100. If momentum builds, ETH could reclaim $4,000 and aim higher.

๐Ÿ“Œ Conclusion
Ethereumโ€™s future depends on holding key support at $3,160 and breaking critical resistance near $3,900-$4,100. Traders remain cautious but optimistic about ETHโ€™s potential upside if market conditions align.