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Ethereum’s price continues its downward trend due to the overall negative sentiment in the cryptocurrency market. Bitcoin 
$81,908, trading around the $95,000 mark, has drawn significant attention. Additionally, other major cryptocurrencies have also experienced substantial value declines over the past week. Experts indicate that there is a possibility of short-term recovery for Ethereum 
$1,796, arguing that a long-term rise is inevitable.
Ethereum Price Predictions and Expert Opinions
Cryptocurrency experts note that Ethereum’s price is currently trading below its potential levels, presenting an opportunity. Analyst Crypto Fella advises investors to remain patient, stating, “Patience will be rewarded.”
Some market commentators believe Ethereum could reach the $3,200 level in the short term. Analysis platform Moralis predicts that Ethereum could achieve $7,340 or higher by 2025. Cryptosahintas, based on historical price movements, anticipates that Ethereum may rise to $20,000 in the future. These predictions continue to attract investor interest.
Global Developments and Hong Kong’s Move
As global interest in Ethereum grows, Hong Kong’s decision to accept Ethereum and Bitcoin as proof of assets for investment immigration applications has been positively received in the market. This development is considered significant in attracting more investors to the cryptocurrency market.
Renowned market analyst Michael van de Poppe expressed that this move could also trigger a recovery in the altcoin market. Hong Kong’s initiative raises hopes for broader adoption of Ethereum and other cryptocurrencies among larger audiences. It is suggested that global developments may positively influence Ethereum’s price movements.
Technical analyses indicate that Ethereum may experience rapid recoveries like those seen in previous periods. This situation draws the attention of long-term investors. Investors should closely monitor market movements to shape their strategies accordingly.
