In recent days, Ethereum (ETH) has shown volatility, approaching significant support levels. Analysts consider the current situation critical for further price movement.
Current Price Levels of Ethereum
Currently, Ethereum is trading around $3,505 and approaching a significant support area near $3,300. Analyst Crypto Van de Poppe points out this level as critical for a potential rebound.
Potential Price Movement Scenarios
Van de Poppe emphasizes that if the market shows further weakness, potentially driven by geopolitical tensions, the $3,000–$3,100 range may emerge as an accumulation zone. There is a 70% probability of Ethereum stabilizing at the first support level and a 30% chance of testing deeper lows.
Recommendations and Conclusions
If Ethereum retests the $3,000 mark, it would represent one of the largest drawdowns since July, potentially offering long-term investors an opportunity to buy at a discount before the next rally phase. The analysis also highlights heightened liquidity levels below $3,300, reinforcing the likelihood of a sharp recovery in the event of further declines.
The analysis of Ethereum's current support levels and potential price movement scenarios underscores the need for careful market monitoring in the coming weeks, especially amid global economic instability.
