The recent decline in Ethereum's price has sparked optimism among analysts, with some believing it's just a slight dip before another significant uptrend. Cryptocurrency analyst Marcus Corvinus thinks a potential bullish strength is forming for Ethereum's price, citing its ability to hold higher lows while Bitcoin makes lower lows. This, according to Corvinus, indicates strength under pressure.
Several factors support the potential for Ethereum's price to rise:
- Declining Trading Volume: Weak buying pressure is diminishing, which could precede a significant price movement.
- Hidden Bullish Divergence RSI Indicator: This indicator has made lower lows while Ethereum's price has made higher lows, signaling a strong continuation setup.
- Relative Strength Index (RSI): Although oversold, Ethereum's price has maintained above the support level from July, suggesting a potential breakout.
Corvinus targets a price range of $7,000 to $8,000 for this cycle, believing the continuation of ETH's rise seems inevitable. However, BitMEX co-founder Arthur Hayes suggests Ethereum's price could still fall to $3,000 before bouncing back, citing Trump's tariffs and weak U.S. employment data as potential factors.
Ethereum Price Predictions:
- Short-term: Some analysts predict Ethereum will trade within a range of $3,493.81 to $4,198.63 in August 2025, with a potential increase to $3,836.10.
- Medium-term: Predictions for September 2025 suggest a range of $3,679.29 to $5,300.38, with a potential return of 51.06%.
- Long-term: Analysts forecast Ethereum's price to reach $16,700 by 2025-2026, based on an ascending triangle pattern, representing a 350% increase from current levels .
Current Market Sentiment:
- The Fear & Greed Index is showing 55 (Greed), indicating a bullish sentiment.
- 21 out of 30 days (70%) have been green, with a 15.02% price volatility over the last 30 days .
Ultimately, Ethereum's future price movement will depend on various factors, including market trends, adoption rates, and global economic conditions.
Note : DYOR always.
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