According to BlockBeats, market analysts suggest that Ethereum's recent decline is a technical pullback aimed at retesting key support levels before potentially rising to $3,000 and beyond. Crypto analyst Titan of Crypto notes that the weekly Stochastic Relative Strength Index (RSI) is currently at 79, indicating that ETH still has upward momentum.
Analyst Chimp of the North believes that Ethereum's downside may be limited to $2,400. He suggests that Ethereum might continue to pull back to retest the $2,400 support level before rising, with a target range of $3,000 to $3,300.
