Bearish Outlook for Ethereum : ETH USD Heading to $786**
The current market outlook for **Ethereum (ETHUSD)** remains bearish, with analysts anticipating further declines. Year-to-date, Ethereum is down, and this trend is expected to persist into **2025**.
The market structure suggests an **A-B-C correction pattern**, and we are already seeing the formation of **Wave C**, which is driving prices lower.
The technical outlook aligns with this downward movement, and analysts are projecting that **Ethereum could fall as low as $786**.
The ongoing bearish momentum is attributed to several factors, including overall market sentiment and the lack of bullish catalysts to drive prices higher.
Ethereum traders should be cautious, especially with the potential for this significant drop as the **correction phase deepens**.
Conclusion :
Ethereum's bearish trend appears far from over, with technical indicators pointing toward a continued decline. Investors should brace for further downside, as Ethereum could see a **major correction** down to the **$786** level.
