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<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/crypto-market-analysis-bitcoin-and-ethereums-potential-bearish-trajectories/">Beware of the Bears! Bitcoin and Ethereum Prices Expected to Plunge Soon</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Investors are watching closely as Bitcoin and Ethereum prices prepare to make their next move. After a recent rally, most investors expect the prices of both cryptocurrencies to take a bearish turn in the coming weeks.</p> 
<p>However, it’s important to note that a decrease in transaction volume on the Bitcoin network doesn’t necessarily mean that the market is headed for a downturn. Reduced network activity can be a sign of fear, uncertainty, and doubt (FUD) among traders, but it doesn’t always lead to lower prices.</p> 
<h2 id="is-ethereum-headed-down" data-name="is-ethereum-headed-down" class="wp-block-heading">Is Ethereum Headed Down?</h2> 
<p>A recent market report from Santiment, an on-chain intelligence platform, suggests that the <a href="https://coinpedia.org/information/market-price-prediction-ethereum-2019/">Ethereum price</a> is likely to continue its downward trend in the coming weeks. The report found that Ethereum whales and sharks have been selling heavily since the price of Ether surged above $2,000 following the Shanghai upgrade earlier this year.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3a2.png" alt="🎢" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a>'s market capitalization has undoubtedly been a rollercoaster, like most of <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a>. But are its metrics pointing to any particular concerning signs? Nope. Our latest insight looks at <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>'s rising development activity and plenty more. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/NSLfp2t0go">https://t.co/NSLfp2t0go</a> <a href="https://t.co/D5vwHvourV">pic.twitter.com/D5vwHvourV</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1696404165772341508?ref_src=twsrc%5Etfw">August 29, 2023</a>
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<p>Santiment analysts believe that Ethereum’s price could reach a critical support level of around $1,500. They also expect to see a surge in trading volume once the asset reaches this level, as investors look to buy at lower prices.</p> 
<p>Read More: <a href="https://coinpedia.org/altcoin/are-ethereum-whales-signaling-trouble-eth-holdings-flood-exchanges-raising-fears-of-sub-1500-crash/">Are Ethereum Whales Signaling Trouble? ETH Holdings Flood Exchanges, Raising Fears of Sub-$1500 Crash</a></p> 
<h2 id="bitcoins-price-outlook" data-name="bitcoins-price-outlook" class="wp-block-heading"><strong>Bitcoin’s Price Outlook</strong></h2> 
<p>Meanwhile, prominent crypto analyst Captain Faibik is forecasting a bearish outlook for Bitcoin in the coming weeks. He has identified a bearish pennant pattern on the 4-hour time frame, which suggests that the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin price</a> could continue to decline to around $24,500 before the end of September.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Bearish Pennant formation on the 4h timeframe Chart..!!<br><br>Another Bearish Rally incoming <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> <a href="https://twitter.com/hashtag/BTCUSDT?src=hash&amp;ref_src=twsrc%5Etfw">#BTCUSDT</a> <a href="https://t.co/BxsC9XdYmk">pic.twitter.com/BxsC9XdYmk</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1696407495299019036?ref_src=twsrc%5Etfw">August 29, 2023</a>
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<p><strong>What does this mean for investors?</strong></p> 
<p>The outlook for Bitcoin and Ethereum prices is uncertain in the short term. However, investors should be aware of the potential for further declines in the coming weeks. If you’re considering investing in cryptocurrencies, it’s important to do your research and understand the risks involved.</p> 
<p><strong>What are your investment strategies for the coming weeks?</strong></p>

Beware of the Bears! Bitcoin and Ethereum Prices Expected to Plunge Soon

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