<ul><li>Ethereum (ETH) has plunged 30% in the past two weeks, reflecting broader weakness in the crypto market.</li><li>Crypto analyst Ali Martinez warns that ETH could fall further, potentially testing the $1,200 level.</li><li>Renowned analyst Carl Moon notes that ETH is currently trading below its realized price of $2,000, but history suggests a potential buying opportunity for long-term investors.</li><li>Some on-chain metrics and historical patterns hint that ETH may be on the verge of a strong bullish reversal, despite current bearish sentiment.</li></ul>

Ethereum May Be Headed To $1,200 – Can ETH Make A Comeback? Analysts Explain

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