Ethereum Downswing To $2,900 Could Be A ‘Buy-The-Dip Opportunity’ – Analyst Expects Bullish Surge

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Ethereum Downswing To $2,900 Could Be A ‘Buy-The-Dip Opportunity’ – Analyst Expects Bullish Surge - NewsBTC

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Related Reading: Solana Must Reclaim Momentum In The Coming Weeks – SOL/BTC Ratio At A Pivotal Point As Ethereum navigates these turbulent times, analysts and traders are keeping a close watch on critical support levels, waiting to see if this dip truly becomes a launchpad for Ethereum’s next major move.

According to Martinez, this potential decline would lay the groundwork for Ethereum to target significantly higher levels, with a bullish price goal of $7,000 in the coming cycle.

The bearish sentiment has left many investors disheartened, with Ethereum struggling to reclaim higher price levels.