Ethereum Price Analysis

Ethereum price has been experiencing a prolonged bearish trend, raising concerns among investors and analysts. Recent technical analysis suggests that the cryptocurrency’s price could decline further, potentially reaching as low as $1,060.

Contributing Factors

Multiple factors influence the downward movement of Ethereum’s price, including:
– Weak market structure
– Lack of bullish momentum
– Negative on-chain data

Overall, these elements suggest a challenging environment for Ethereum’s recovery.