Ethereum Price Faces Potential Decline to $1,060 Amid Bearish Trends
- Ethereum’s price is experiencing a bearish trend, with potential declines to $1,060.
- The cryptocurrency has faced repeated rejections at the $4,000 resistance level.
- ETH/BTC pair remains weak, with the Relative Strength Index below 30.
- Ethereum-based ETFs in the US have seen a 9.8% decrease in net assets.
- The altcoin is trading at $1,923.03, down 27.81% from the previous month.
Ethereum’s ongoing bearish trend is influenced by multiple factors including weak market structure and declining ETF flows. The price has struggled to break key resistance levels and continues to face downward pressure, with analysts warning of possible further declines.
Source (2.6)https://coingape.com/analyst-warns-ethereum-price-could-crash-to-1060-heres-why/?rand=24432
