Crypto expert comments: Ethereum (ETH) could fall by 50 percent!

Experienced traders and analysts believe that Ethereum ($ETH ) could face major declines in the coming days.

Crypto analyst Ali Martinez has highlighted a key technical structure in Ethereum’s price action related to the TD (Tom DeMark) setup. According to Ali, Ethereum’s behavior around TD setup trendlines has historically been a reliable indicator of future price action.

“Every time Ethereum breaks above the TD setup resistance trendline, a strong bull run follows,” Ali says. “However, when ETH breaks below the TD setup support trendline, we have seen an average correction of 53 percent.”

Ali Martinez noted that if ETH breaks down to $2,500, selling pressure will increase and altcoins could experience a new crash. In addition, popular trader The Moon Carl points to a breakout in the falling wedge structure on the 1-hour chart. If Bitcoin continues its downward pricing, he suggests that $ETH could quickly test the $2,200 level.

Analyst Crypto Rand has highlighted a developing situation involving Ethereum seized from the PlusToken Ponzi scheme. According to Rand, the Chinese government has already sent 7,000 ETH to crypto exchanges, with a potential additional 542,000 ETH (worth around $1.3 billion) to follow. If the Ethereum is sold on the open market, it could put significant downward pressure on the price. The crypto community is now closely watching how the Chinese authorities will handle this significant amount of seized assets.

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