Crucial Alert for Ethereum: Why ETH May Dip by 10%

Despite a recent rally, Ethereum (ETH) could face a potential pullback if it doesn't sustain a close above a critical price level, warns one analyst. ETH is one of the best-performing cryptocurrencies, with its price recently soaring over 7% to trade just below $2,700.

However, some analysts foresee a short-term correction, predicting a drop to $2,500 or even $2,380 if a certain price point is rejected. On the other hand, several experts predict potential gains, with forecasts of a breakout towards $3,500 or even $5,000-$20,000. The current Relative Strength Index (RSI) for ETH also points to potential issues for bullish traders.