With the Ethereum price still trending below $4,000, bears are still in control of the cryptocurrency, making this an uncertain time. This decline below this major psychological level has no doubt caused turmoil for investors, and with no definite increase in price , it seems that the decline is destined to continue. This is also highlighted by a crypto analyst, who explained that the Ethereum price might be destined for more decline, with a possible crash of more than 20%.

Ethereum Price Eyes Drop To $3,000

In the analysis shared on the TradingView website, the analyst explains that it is more likely that the Ethereum price sees a decline before it sees another recovery. This comes as the price continues to weaken and the market capitulates in anticipation of when the next wave

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