Is Ethereum Headed for a Major Price Crash?

Ethereum recently saw a strong recovery, climbing nearly 30 percent from its recent lows to reach a peak of $1,950. Despite this momentum, the price has pulled back below $1,900, sparking a debate among market analysts about the next move for the asset.

Analyst Crypto Rover warns that the token might face a significant correction. He points to a repeating 1,369 day cycle that has historically preceded large selloffs after similar rallies. If this pattern continues, he suggests the price could drop to $1,500 or lower to set new lows before eventually starting a long term run toward $10,000.

Not everyone agrees with this pessimistic view. Analyst Michaël van de Poppe suggests that the current market is in a phase where traders should buy the dip. He believes the worst of the downward pressure is over and points to on chain data as a signal for potential growth. He expects the price to climb as high as $2,700 by the start of the fourth quarter.

Investors are now watching to see if the price holds current support levels or slips back toward previous lows. Whether you believe the chart patterns or the data models, the next few weeks will be critical for Ethereum.