Ether may fall below $1.9K ‘robust’ demand zone, analysts eye capitulation
Ether’s decline below the $1,900 “robust” demand zone may bring significant new buying pressure for the world’s second-largest cryptocurrency.
Ether risks another decline below $1,900, which may open up a significant amount of investor demand, which may catalyze Ether’s recovery from its three-month downtrend
Ether (ETH) price fell over 52% during its three-month downtrend after it peaked above $4,100 on Dec. 16, 2024, TradingView data shows.
While another correction below $1,900 is on the horizon, this may unleash significant buying pressure, according to Juan Pellicer, senior research analyst at IntoTheBlock.
