Analyst predicts Ethereum rate crash to $900 by early 2024

A cryptocurrency analyst known by the nickname FieryTrading predicts that the Ethereum (ETH) price will fall to $900 in early 2024.

FieryTrading believes that the price of Ethereum will break the bullish trend line that appeared in June 2022. 
Thus, the altcoin price will fly into rags, breaking the tapering triangle formed since April 2023. According to experts, the reset will be strong, and the rate of the asset will fall to the bottom recorded at the end of last year's bearish trend.
Diagram of FieryTrading's forecast on Ethereum exchange rate fluctuations

At the same time, the width of the triangle suggests that if the coin's exchange rate breaks the bottom line of the chart, which was $1500 in October, Ethereum's value could fall to $622. Otherwise, a correction will occur and the price of ETH will rise to $1800.
Expected Ethereum price fluctuations

The daily chart shows that Ethereum trading volume has decreased since September 22. Without an increase in the value of sold coins, the "bears" will not be able to break through the $1500 support barrier, and the ETH price will start to grow. Therefore, the most plausible scenario at the moment seems to be the growth of ETH price up to $1800 after recovery from the $1500 mark.

Interestingly, Standard Chartered Bank analyst Jeffrey Kendrick recently stated that the price of ETH could rise to $4,000 by the end of the year and $8,000 by the end of 2026. 
The highest price of the cryptocurrency in the near future will be between US$26,000 and US$35,000.

Which forecast do you think is the most likely given the current state of the cryptocurrency market ?

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