The price of Ethereum (ETH) touched $2,318 in overnight trading on September 4th, 2024. In the last 10 days, ETH is down nearly 19%, top to bottom. How concerning this? Is there much more downside in the price of ETH?
READ – A bullish Ethereum price prediction 2025
A broad market sell-off is looming:
Ethereum will not escape broad market weakness.
Question: is ETH able to hold up in a weak environment?
Ethereum price drop – ETH chart weak
On August 2nd, 2024, when ETH was trading well above $3,000, InvestingHaven predicted that ETH would drop in the period August – September 2024.
A volatility window was underway is what timeline analysis suggested.
READ – Ethereum Price Dropping – Is ETH Headed To Our Predicted $2555 Target? (Aug 2nd, 2024)
In our ETH price prediction research, we predicted the following price drop levels:
| ETH price drop | Fibonacci | Outcome | Prediction |
|---|---|---|---|
| $3,120.84 | 25% | Bullish | High probability |
| $2,555.55 | 38.2% | Bullish | High… |
