In recent months, the price of Ethereum has seen significant declines. We explore the main stages of its price changes and future prospects.

Ethereum's Decline Since June 23

Analyst Ali used the MVRV Momentum indicator to assess the Ethereum market. This indicator suggests that the downtrend began after the price fell below $3,400 in June.

Ethereum's Current Market Outlook

Since the June dip, Ethereum has struggled to maintain higher price levels. While it rose to $3,536 in July, by the end of the month, it fell to $3,176. The market continued to decline in August and September, with the price at $2,380 in October.

Future Implications for Ethereum

Analysts are questioning whether the market will continue to decrease in the upcoming months. Last year, it showed a +36.5% growth in Q4. Many hope for impressive performance this year as well, but forecasts remain uncertain.

Analysts are monitoring the Ethereum market, waiting to see what changes will occur in the coming months. Timing will be the key factor determining price movements.