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Ethereum price prediction: Bulls fight to reclaim $3.4k, what’s next?
The cryptocurrency market has been in a state of flux lately, with many assets experiencing significant fluctuations in their value. In this article, we will be focusing on the Ethereum [ETH] market, examining its recent performance and providing insights on what we can expect going forward.
As we begin to analyze the data, it becomes clear that an influx of buying pressure is desperately needed to revitalize bullish hopes. Unfortunately, this buying pressure has been lacking over the past month, which has led to a stark bearish sentiment in the market.
However, there are some glimmers of hope for bulls. The Ethereum [ETH] price has formed an inverse head and shoulder pattern on the 2-week timeframe, which could potentially result in a price rise as high as $12,000 if the pattern witnesses a bullish breakout.
Source: ambcrypto.com
