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Ethereum price had lost the plot in the past few days as the attempts to hold above $2000 failed multiple time. However, the ETH price smashed the levels successfully in the early trading hours and could also provide a good buying opportunity in the coming days.
The ETH price currently trading around $2149 could experience a slight pullback yet again below $2000. And hence offer yet another buying opportunity before a massive leg up towards the set target of around $3000. According to an analyst ForecastCity_ME, the price may plunge around $1900.
The analyst has provided the various target price for the ETH price, where-in the final target is around $2894. And hence advised the traders to set orders based on the price action and expect to reach short-term targets.
Also Read: Ethereum Price Q2 Journey Hit New Lows, Will ETH Price Pull a Bullish Narrative?
The targets set yet appears to consume more efforts, as a correction may also be on the cards. A strong resistance zone is placed between $2157 and $2266. However, analyst, Micheal de van Poppe expects the price to dip to strong support levels.
Collectively, unlike the Bitcoin price rally, Ethereum price is expected to undergo a slight retracement and offer yet another buying opportunity. However, the target for the ETH price still remains above $3000 for the year.
Also Read: Ethereum and Bitcoin Price Plunge as ETH Options Contracts Expire
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