Alarm Bells Ringing for Ethereum! Analyst Says ETH Could Fall to These Levels Before Rising!

This week has been a bad one for Bitcoin and ￰0￱ market, which started the new week with a major decline, experienced a major decline ￰1￱ fell to $108,000, while Ethereum (ETH) fell to a two-month low of $3,900. While investors expect these declines to be the final ones before the October bullish month known as Uptober, veteran crypto analyst Ted Pillows warned that ETH could fall even ￰2￱ his ETH analysis from his account X, the analyst argued that the decline in Ethereum could continue and that it could possibly drop to $3,500 before starting to ￰3￱ analyst, who stated that Ethereum's current movements mirror Bitcoin's 2020 cycle, which saw it drop 25-30% after rising above $20,000, claimed that ETH could also fall another 10-15%.

At this point, the analyst said that $3,800 is currently critical in determining Ethereum’s short-term ￰4￱ that $3,800 is an important support level, the analyst stated that if the $3,800 level holds, a new rally may begin in ￰5￱ the other hand, if this level is not held, the ETH price may decline towards the $3,500 region. “ETH has lost another key support ￰6￱ next support level is around the $3,800 level, which is likely to be ￰7￱ Ethereum holds this level, a rally is possible. Otherwise, ETH will drop to around $3,500 before bottoming.” *This is not investment ￰8￱ Reading: Alarm Bells Ringing for Ethereum! Analyst Says ETH Could Fall to These Levels Before Rising!