Ethereum Price Prediction: Breakout or 15% Drop?
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Ethereum (ETH) is currently consolidating between $1,750 and $1,870, having recently reclaimed the $1,800 level. Analysts are divided on its near-term trajectory. Some predict a significant breakout to $2,100, potentially even reaching $2,500 if the $1,800 level holds as support, citing building buying pressure and a potential end to a five-month downtrend. This positive outlook is fueled by ETH's successful retest of the $1,750 support and subsequent bounce. Key resistance levels, previously acting as support during rallies in 2024 and early 2025, are being closely watched. However, a more bearish outlook suggests that a failure to maintain the $1,750 support could trigger a 15% drop, potentially sending ETH down to the $1,500 range. This scenario highlights the risk of another correction, with analysts cautioning against complacency and emphasizing the need for sustained buying pressure to confirm the upward trend. The price is currently hovering around $1,811, showing a slight daily decline. The coming one to two weeks will be crucial in determining whether the bullish or bearish prediction prevails, with the $1,750 level acting as a pivotal support line. A break above $1,800 and continued trading above $1,807 are seen as positive indicators for a sustained upward movement. The situation remains dynamic, with analysts closely monitoring the price action for confirmation of either a bullish breakout or a bearish correction.
