Ethereum Drop: An Analyst Predicts A Correction To $1,400 Like In 2020!

null that “ETH will reach 10,000 dollars during this cycle”, which would represent a 530% increase from its current price of around 1,880 dollars.

However, this bullish forecast is based solely on technical indicators and does not take into account the fundamental factors that could affect the asset’s valuation. Indeed, Ethereum is currently experiencing massive outflows from ETH ETFs, amounting to 22 million dollars. The iShares Ethereum Trust from BlackRock, which was supposed to be a growth catalyst, is paradoxically one of the most affected.

Recent decisions by the Ethereum Foundation, such as the restructuring of its leadership and its increased reliance on DeFi protocols like Aave, indicate an attempt at strategic repositioning. However, will these internal adjustments be enough to reassure investors as competing blockchains continue to gain ground?

Ethereum is currently playing a balancing act in the crypto market. On one hand, technical analysis points to a risk of a downturn, which could bring ETH back to critical levels. On the other hand, optimistic forecasts view this decline as merely a step before a rebound to new heights.

The central question remains Ethereum’s ability to withstand selling pressure and strengthen its attractiveness in the face of competition. Such dynamics of ETFs, the foundation’s strategic choices, and the overall market sentiment will be key factors in determining whether this anticipated decline marks the end of a bullish cycle or the last opportunity to buy before a historic surge.