Ethereum Price Prediction: ETH ponders steep crash to $1,000 as it encounters key hurdle

Ethereum price created a multi-month ascending triangle pattern that breached the downside. ETH is currently retesting the $1,639 resistance level that has been pivotal for the past year. The theoretical forecasting method hints at a 45% crash for ETH after the bearish breakout. er a bearish breakout. While the overwhelming proof favors sellers, buyers have a chance to take control. Read more:Ether crosses $1.

In its descent, Ethereum price has already breached the $1,639 support level, which has been key for the past year. If buyers fail to overcome this hurdle, it is likely ETH will continue its southbound move and eventually tag the $1,000 psychological level. From the current position of $1,598, this descent would constitute a 38% crash. Also read:Solana vs.

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