Ethereum’s price has dropped 26% recently, reaching around 1,901 USD. However, today it experienced a 5% rise, sparking discussions about whether it’s a good time to buy. The current valuation may present a buying opportunity for some investors.
Analyst Gert van Lagen predicts a price target of 20,000 USD for Ethereum by the year 2025, given a classic bullish inverse Head and Shoulders pattern. This forecast depicts a potential growth of 928% from current levels.
Ethereum must overcome a critical period over the next 21 days to regain price momentum; otherwise, it risks recording a fourth consecutive monthly loss, a situation last seen in the bear market of 2018.
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