Ethereum

Future

Momentum

<p>On June 1, <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum's price</a> was around $3,815, climbing to a monthly high of $3,865.77 by June 5. However, between June 6 and June 11, the price dropped sharply from $3,865.39 to $3,497. In the weeks that followed, it mostly fluctuated between $3,470 and $3,654 until June 24, when it fell below the crucial level of $3,400 - since then, it's been a downward spiral. </p>   
<p>Crypto expert Ali's recent analysis on X has added fuel to the fire, suggesting that the market may be headed for even rougher waters. Let's dive in. </p>   
<h2 class="wp-block-heading" id="h-analyzing-the-great-ethereum-fall">Analyzing the Great Ethereum Fall </h2>   
<p>Ali used the MVRV Momentum indicator, a popular tool for measuring market value compared to realized value. His analysis shows that the downtrend in Ethereum started after it fell below $3,400 in June.</p>   
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<p>Since that dip, Ethereum has struggled to regain higher price levels. In late July, it peaked at $3,536, but then dropped to a low of $3,176 on July 25. August was particularly challenging, with the market plummeting from $3,232 to $2,343 between August 1 and 7. In September, another major decline occurred from September 3 to 6, where the price fell from $2,537 to $2,225. </p>   
<p>Fortunately, on September 17, strong buying pressure emerged, helping the market recover to a monthly high of $2,694.</p>   
<h2 class="wp-block-heading" id="h-ethereum-s-market-analysis">Ethereum’s Market Analysis </h2>   
<p>October started with volatility, featuring two consecutive large red candlesticks. On October 3, the price fell to a low of $2,349. Although the market attempted to recover between October 4 and 8, it experienced another sharp decline on October 9, when the price dropped from $2,440 to $2,370 in just one day. As of now, Ethereum's price stands at $2,380.</p>   
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<p>The expert’s analysis raises important questions about the future of the Ethereum market: will it continue to decline in the coming days?</p>   
<h2 class="wp-block-heading" id="h-what-s-next-for-ethereum-price">What's Next for Ethereum Price? </h2>   
<p>In conclusion, Ali’s observations raise significant concerns about Ethereum's future prospects. Last year, the market recorded an impressive return of +36.5% in Q4. </p>   
<p>Historically, Ethereum has achieved<a href="https://coinpedia.org/news/crypto-market-prediction-how-macroeconomic-factors-will-shape-q4/" target="_blank" rel="noreferrer noopener"> positive returns in Q4</a> at least five times since 2015, with a remarkable +151% return in 2017. Many investors are hopeful for a similar performance this year. Will Ethereum meet these expectations? Only time will tell!</p>   [post_titles_links postid="363259"]   
<p><br><strong>Can Ethereum defy the odds and stage a comeback? Tell us what you think.</strong></p>

Ethereum Price Prediction for Q4: Is the Bottom Near?

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