Key Takeaways
- Crypto experts speculate that a $2,400 price crash for crypto assets is possible as traders and experts weigh in.
- Ethereum’s (ETH) price reclaims the key demand zone of $4,220, following the market crash as bulls regain control of the price.
- A bullish price action on a higher timeframe above $5,000 could see traders and investors build more positions.
Ethereum’s (ETH) price is back trending in the media following Friday’s market crash, ahead of the new month starting in October, as the market remains optimistic that an altcoin will gain a strong market rally, which could serve as a boost for many traders and investors.
Market Expectation and Sentiment
With the price of the second-largest asset in the crypto space crashing by over 10% towards its key weekly low of $3,880 and making a strong recovery to reclaim a price above $4,200, despite market predictions suggesting the price could go lower.
This price recovery has been welcomed by many traders and investors who believe the price of the crypto asset is on track ahead of the much-talked-about October rally. As the price trades above the $5,000 region, altcoins could outperform BTC in the coming months, leading up to Q4 2025.
However, a controversial tweet by on-chain analyst and trader Ali Martinez has sparked a significant reaction in the space, as the analyst hinted that ETH’s potential could see its price drop to $2,400. According to him, it is a crazy prediction that could happen, drawing quite some reaction.
ETH Could Drop to $2,400
According to the crypto expert, the price could potentially crash to $2,400, sparking a mixed reaction from his followers. As traders share their recent price predictions for ETH, it appears too extreme, considering the crypto asset’s price has demonstrated strength, holding above the key zone.
Other traders and experts argue that this is not impossible for the price, as the crypto market remains highly unpredictable. Despite market reactions from around the space, the price of the second-largest cryptocurrency remains on track to reach a potential new high based on market expectations.
According to CryptoPoseidon, a cryptocurrency expert, he believes the price is headed to new all-time highs as it continues to build bullish price action following a strong price rebound. He further stated that the price is not subject to manipulation, with targets set for $5,000 in the coming weeks to months.
FAQs
How much is ETH right now?
Price currently trades above $4,220 as bulls aim to continue the uptrend price rally.
Is ETH a buy or sell right now?
Price has shown a buy following the recent price crash to the downside and rebounding from a key zone.
How high can ETH go up?
The price is expected to reach as high as $7,000 by the end of 2025, according to price predictions.
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