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Ethereum Price Forecast: ETH could see a 30% decline if history repeats
Ethereum (ETH) has fallen toward the $1,600 level, down over 3% on Wednesday as risk-off signs persist across key onchain metrics. The ETH Realized Price Lower Band, which has historically marked bear market bottoms for the top altcoin, suggests ETH has room for further downside before staging a proper upward move. In the 2018 and 2022 bear markets, ETH established a bottom near the Realized Price Lower Band after seeing a correction from its Upper Band in prior bull markets. Last October, ETH began a major market correction after nearing the Upper Band, but it has yet to reach the Lower Band since then, despite ... (full story)
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