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Analyst Predicts 20% Ethereum Price Crash Below $2,000, Here’s Why

  • Ethereum's price has been under intense bearish pressure amid a bear market for altcoins.
  • Analysts predict a further crash with the price expected to fall below $2,000.
  • Short-term outlook by crypto analyst Maddox Metrics indicates a continued decline below major support levels.
  • Market decline attributed partly to rising war tensions in the Middle East.
  • Investors advised to adopt a patient strategy amidst market volatility.
  • Long-term outlook for Ethereum price remains bullish despite short-term bearish trend.
  • Current decline seen as a Wave 2 retracement, with a bullish Wave 3 expected to follow.
  • Possibility of Ethereum price reaching new all-time high under $5,000 in the future.
  • Projected timeline suggests reaching $7,000 by 2025-2026.

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