Ethereum is facing difficulties breaking above $3,000, with bearish sentiment prevailing in the market.
Crypto analyst Weslad predicts a possible crash for Ethereum below $2,000 based on an ABCDE wave structure.
On the bullish side, Weslad suggests a potential surge above $3,500, with a chance for Ethereum to rally to new all-time highs above $6,000 if certain key levels are breached.
However, a bearish scenario also exists where Ethereum could experience a significant retracement towards $1,400-$1,800 if resistance levels are not overcome.