Ethereum Price Crash to $2,500? Lookout For This Technical Trend

Amid the highly volatile scenario in the crypto market, the experts have warned of a further dip in Ethereum price.

For context, in a recent X post, analyst Ali Martinez has highlighted the recent movement of ETH price, noting $3,244 as a major support.

In addition, he noted that if the recent movements signify a “flag,” then the crypto may crash to $2,400 in the near future.

This prediction also resonates with a recent analysis from Ted Pillows, where he has hinted towards a potential dip in the assets price ahead.

Ethereum Price Prediction | Source: Ali Martinez, X

The expert said that Ethereum price holds the $3,000 support to avoid a massive correction ahead.

However, the analysis that he shared showed a possible drop to $2,800 or even $2,500 if Ethereum price loses the $3,000 support.

On the other hand, experts noted that if ETH price can break through the $3,200 and $3,400 resistance levels ahead, the crypto might continue its rally to $4,000.

ETH Price Analysis | Source: Ted Pillows, X

Meanwhile, amid these contradictory projections, the corporations appear to be buying the dip.

For context, BitMine has made another bet of $46 million recently to accumulate 14,959 ETH, which showcases their long-term confidence in the asset.