Ethereum ($ETH ) has seen a downward trend in its price on September 30, 2024, but analysts remain optimistic about Ethereum's long-term prospects. Ethereum's price may be affected by a variety of factors, including the potential approval of Ethereum $ETH , technological progress, changes in market supply and demand, and the macroeconomic environment.

From a technical analysis perspective, Ethereum/Bitcoin (ETH/BTC) hit a three-and-a-half-year low on September 18, which may indicate that market confidence in Ethereum has weakened in the short term. However, some analysts believe that Ethereum may be a "potential reverse bet by the end of the year," suggesting that there may be opportunities for a rebound.

When considering the timing of buying Ethereum, investors should pay close attention to market dynamics, technical analysis indicators such as RSI and MACD, as well as market news and events. Currently, Ethereum's relative strength index (RSI) is close to the oversold area, which may indicate that the market has been adjusted and a rebound may be expected.

In addition, reports indicate that the return on Ethereum staking is expected to exceed U.S. interest rates in the coming year, which could attract more investors, pushing up the price of $ETH .

Taking all factors into consideration, while Ethereum may face some pressure in the short term, in the long run, Ethereum's fundamentals and technological innovations may provide support for its price. When considering buying Ethereum, investors should make decisions based on their investment strategy, risk tolerance, and market research.