Cryptocurrency analyst known by the pseudonym FieryTrading predicts a crash in the price of Ethereum (ETH) to $900 by the beginning of 2024.
FieryTrading believes that the price of Ethereum will break through the ascending trend line that emerged in June 2022. As a result, the altcoin’s value will break down the descending triangle forming since April 2023 and plummet. According to the expert, the dump will be significant, and the asset’s price will drop to the low established at the end of the bearish trend last year.
FieryTrading’s forecast on the change in Ethereum’s price on the chart:
However, the width of the triangle suggests that Ethereum could drop to $622 if in October the coin’s price breaks through the lower line of the figure, which is at the $1500 mark. Otherwise, a correction will occur, and the price of ETH will rise to $1800.
Possible price fluctuations for Ethereum
