Ethereum Price Prediction: 60% Recovery Despite Recent Drop
Ethereum’s recent price drop could be due to rising exchange reserves and falling on-chain activity.
Ethereum ETF loses $3.2 million, ending inflows.
If Ethereum rebounds from $2,817 to confirm an inverted head and shoulders pattern, a 60% rally is possible.
Rising exchange reserves and falling network costs could be the reason for Ethereum’s (ETH) latest price drop, which took the price close to $3,000 on Friday. If ETH breaks above the $2,817 support, a 60% surge could be possible.
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