**Ethereum price trend prediction: $3,000 or $2,400? **

Hello everyone! Today we are going to talk about the much-watched Ethereum (ETH) price trend. Recently, multiple analysts have made predictions on the future price of Ethereum, with different opinions. Let's take a look at their views!

First, technical analyst Mikybull said that from the daily chart, Ethereum is forming an inverse "head and shoulders" pattern, which is usually a bullish signal. He believes that the short-term target price is $3,000. This pattern generally appears at the end of a downtrend, indicating that the price is about to reverse and rise.

Another cryptocurrency trader, Daink, is more optimistic. In his post on October 17, he pointed out that the price of Ethereum is expected to reach $4,000 by the end of the year, and predicted that the all-time high may appear in the first quarter of 2025. Doesn't it sound exciting? 😄

However, not everyone is optimistic about the short-term trend of Ethereum. Anonymous analyst Ignas mentioned that Ethereum's price weakness could be due to losing ground in the battle for innovation in the first layer (L1) blockchain. This may be a factor worth paying attention to.

On the other hand, cryptocurrency trader Justin Bennet holds a more conservative view. In his post on October 17, he said that the technical pattern on the one-hour chart suggests that ETH may pull back to $2,400. He believes that Ethereum may be forming a diamond reversal pattern, with a target price of $2,485 if the price closes below the support level.

In addition, Ethereum's relative strength index (RSI) also shows potential price pullback signals. According to Coinbase data, the last time Ethereum's RSI rose to 60, the price experienced a six-day pullback and finally bottomed out at $2,309. RSI is a popular momentum indicator used to measure whether an asset is oversold or overbought.

Overall, there are multiple possibilities for Ethereum's future price trend. Whether it is the bullish $3,000 or even $4,000, or the bearish $2,400, each view has its basis. As investors, understanding these different analyses and views can help us make better decisions.

What do you think about the future price of Ethereum?Feel free to share your thoughts and predictions in the comments section! Let’s discuss and explore this dynamic market together!