Ethereum, the second-largest cryptocurrency, has been trading sideways between $3,000 and $3,500. With little price action in the past day, investors are wondering whether ETH will hold or break down further. Could Ethereum’s next move be a sharp decline?
Ethereum Price Stagnates at $3,300
Ethereum’s price is currently hovering around $3,300, showing minimal movement. In the last 24 hours, ETH has dipped slightly by -0.26%, signaling a lack of momentum in either direction. The consolidation phase continues, leaving traders unsure about the next big move.
ETH/USDT 4-hours chart – Bitget
Ethereum Price Prediction: Will Ethereum Drop Below $3,000?
Ethereum’s tight trading range suggests a potential breakout soon. However, technical indicators hint at a bearish scenario. If selling pressure increases, ETH could fall to $2,800 as its next major support level. A further decline could see Ethereum testing $2,400, which would mark a significant drop from current levels.
ETH/USDT 4-hours chart – Bitget
What’s Next for Ethereum?
While the market remains uncertain, Ethereum needs strong bullish momentum to reclaim $3,500 and push higher. Until then, traders should brace for potential downside risks, especially if Bitcoin and the broader crypto market continue to struggle.
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