Ethereum Price Prediction: Ideal Targets Revealed
Ethereum's price has recently followed the trend of other major tokens, struggling and dropping below $3,300, with a decline of over 2%.
From a long-term perspective, Ethereum's trend resembles a wave pattern, and it seems we are approaching the peak. Starting from 2018, we are now in the fourth wave, and the fifth wave is on the horizon, but the momentum is clearly not as strong as before. It’s like running a marathon; as you near the finish line, your pace naturally slows down.
Moreover, the current price fluctuations are minor compared to previous times. During the first and third waves, prices were like a roller coaster, but now there’s a noticeable lack of drive. This could be a signal that the bull market is nearing its end, and we must be cautious when buying or selling Ethereum, as the risks are significant.
However, let’s not be too pessimistic. As long as the support level between $2,470 and $3,167 holds, there’s hope for Ethereum to rebound, and it might even rise to $3,572. But if this support level breaks, caution is advised as prices could continue to fall.
In summary, Ethereum's current price resembles a tightrope walk; we need to keep a close eye on whether it continues to rise or unexpectedly falls. In this market, anything can happen, so we must remain vigilant not to miss any opportunities and avoid pitfalls.
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