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Analysts predict that Ethereum may challenge the $3,000 mark in the short term, beware of potential pullbacks

Analysts predict that Ethereum may challenge the $3,000 mark in the short term, beware of potential pullbacks

CointimeCointime2024/10/18 15:51
By:Cointime

 multiple analysts predict that the short-term price of Ethereum will challenge $3,000, but warn of the possibility of a pullback. Technical analyst Mikybull points out that the inverse head and shoulders pattern of ETH has a target of $3,000. Cryptocurrency trader Daink predicts that it may rise to $4,000 before the end of the year, and expects a historical high in the first quarter of 2025. Anonymous analyst Ignas believes that the competition in the L1 blockchain has led to a weak ETH price. Trader Justin Bennet suggests that ETH may form a diamond reversal pattern with a pullback risk, as indicated by RSI data, to $2,400.

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