Ethereum (ETH) Price Soars Above $4,400, But Here’s the “Buy the Dip” Level to Watch
Main Idea
Ethereum's price surged to $4,400, but analysts suggest a potential pullback to $3,600-$3,800 could present a buying opportunity, with further downside risks if key support levels are broken.
Key Points
1. Ethereum's price reached a multi-year high of $4,400 following favorable CPI data.
2. Analyst Michaël van de Poppe predicts a potential retrace to $3,600-$3,800, which he considers a prime buying opportunity with a 70% probability.
3. Breaking below $3,600-$3,800 could lead to a further drop to $3,400, though external factors like geopolitical events would likely be required for such a move.
4. Ethereum has gained over 215% since April 2025, recovering from its early Q1 2025 crash.
5. $4,100 is identified as a crucial support level for Ethereum's price movement.
Description
Ethereum could drop to $3,600 if it breaks below the $4,100 support. A drop to between $3,600 and $3,800 will provide a buy opportunity for ETH. ETH has gained over 215% since April 2025. Ethereum’s powerful rally continues, with the price surging to a new multi-year high of $4,400 on Tuesday following the release of favorable CPI data . But even as the market turns bullish, one top analyst is laying out the key levels to watch if a healthy pullback does occur. Analyst: A Pullback to $3,600 Woul...
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