Ethereum Price Prediction: Could We See Further Drops or A Potential Rally?

Ethereum’s price has experienced a significant downturn, shedding roughly 30% over the past three months. This drop has led to concerns among investors about potential future declines before the year ends, particularly as technical signals present both bearish and bullish possibilities. Analysis by experts suggests that Ethereum could fall towards the $2,500-$2,200 range if key support levels fail. However, a bullish breakout from the current downward-sloping wedge pattern could lead to a rally aiming for $3,550. Support levels around $2,820-$2,830 are crucial, as evidenced by recent retests of the −0.5σ MVRV deviation band.