Moon or Doom: Will Ethereum Defy Bitcoin Drop and Bearish Signals?

Ethereum is currently at a crossroads after experiencing a small gain of 1.69% to $3,473. However, predictions vary widely, with some markets suggesting a potential drop to $2,500 while others predict it could rise to $4,000 by year-end. Traders often look to Bitcoin's stability when altcoins face downturns, as evidenced by Bitcoin's recent market dominance of 60%. Technical indicators show a bearish trend, with Ethereum's Relative Strength Index at 41.46 and an Average Directional Index of 32.66 confirming the downtrend. Despite significant whale accumulation worth $6.4 billion, bearish signals dominate. The price is now testing a critical support level at $3,400, and analysts suggest a potential drop to $2,800-$2,500 is likely unless bullish momentum can break above $3,600-$3,800. While the upcoming Fusaka upgrade may provide future support, the current market sentiment is focused on bearish indicators. The overall consensus leans towards a challenging market for Ethereum, with whales likely holding their positions for a more conducive market environment in early 2026.

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