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Will Ethereum Break the $3,000 Barrier Before Year’s End? Here’s What Experts Predict!
Ethereum’s price remains under pressure, struggling to reclaim the crucial $3,000 mark over the past 48 hours. This ongoing battle raises concerns in the cryptocurrency community, particularly regarding the potential for further declines if this key support level is not regained by the end of the week. In this latest round of ethereum news, analysts share their insights and predictions for the near-term trajectory of this leading altcoin.
Analysts Forecast Potential Downside Risks
Market analysts have expressed caution regarding Ethereum’s current performance. One analyst observed that without a rapid recovery above the $3,000 threshold, the altcoin could experience additional downside pressure. Specifically, Ethereum might drop toward the $2,800 range in the short term, indicating a retracement of approximately 5% from its present trading price, which hovers just above $2,940.
This struggle adds to the broader context, as Ethereum has already recorded a significant decline of 16% over the past month. The overall situation reflects the precarious state of cryptocurrency prices, with many investors watching closely for signs of recovery.
Ethereum’s Underperformance Compared to Bitcoin
Another analyst analyzed Ethereum’s lack of momentum relative to Bitcoin. Despite attempts to rally, Ethereum continues to trade below its Volume Weighted Average Price (VWAP), indicating weak buying interest. The observed bounce from the $2,800 to $2,850 range appears more reactive than driven by strong demand, suggesting that while some buying interest exists, the conviction behind this rally remains fragile.
Furthermore, there is considerable liquidity stacked overhead, especially within the $3,050 to $3,250 range. This liquidity has effectively capped any attempts to push prices higher. Analysts warn that unless Ethereum can reclaim this area and maintain consistent acceptance above it, upward movements may represent short-term rotations into supply rather than genuine trend continuation.
Potential for Deeper Losses Ahead
On the downside, if Ethereum fails to hold the $2,850 support level, it could face deeper losses. Analysts suggest this may lead to a downturn toward lower liquidity levels between $2,400 and $2,700, where the bulk of market liquidity is concentrated. Investors should be cautious, as this scenario could exacerbate losses in an already volatile market.
Long-Term Projections: A Cautious Outlook for 2026
Looking further ahead, market expert CryptoBullet presents a sobering outlook for Ethereum’s trajectory through 2026. He introduced a fractal model suggesting bearish outcomes for investors anticipating a bull run next year. According to this model, while Ethereum may see a brief recovery in January and February, subsequent months could yield a significant downturn.
CryptoBullet’s analysis indicates that Ethereum’s price recovery might encounter resistance between $3,600 and $3,800. If these levels hold, the altcoin could face a dramatic decline, with a target price of around $1,385. Should this fractal model mirror Ethereum’s performance in 2022, it could signify a staggering 63% drop in value for the leading altcoin.
As the year draws to a close, Ethereum’s ability to navigate these turbulent waters will be crucial for investors and enthusiasts alike. For more in-depth analysis on cryptocurrency trends, be sure to check out our relevant articles.
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