Ethereum’s price has recently fluctuated between $2,300 and $2,600. A crypto analyst has noted that if the price falls below this support level, selling pressure in the Ether market could increase, potentially driving prices down further. Several factors that may influence the direction of Ethereum’s price will come into play in the coming days.
Critical Support Level: $2,300
Crypto analyst Ali Martinez emphasized the critical importance of the $2,300 level for Ethereum 
$3,452 in his assessment on the X platform. He pointed out that at this level, 2.4 million wallets collectively hold 5.6 million ETH, meaning that breaking this boundary could lead investors to sell. Martinez stated, “If Ether drops below $2,300, investors may sell to limit their losses, which could further decrease the price.” He also highlighted that if Ether loses its TD setup support line, historical data suggests a potential price drop of up to 53%. A notable retreat in Ethereum could occur if the critical support level of $2,250 is also lost.
Short-term Expectations and Uncertainties
Some analysts remain optimistic about Ethereum’s long-term outlook. Popular analyst EᴛʜᴇʀNᴀꜱʏᴏɴᴀL believes that Ethereum is approaching the end of its accumulation phase, predicting a strong bull run in 2025. He summarizes this viewpoint by stating, “Ethereum is preparing for the expected major bull market in 2025.” Additionally, Geoff Kendrick from Standard Chartered offered a positive prediction regarding Ethereum, anticipating that if Donald Trump is re-elected and adopts crypto-friendly policies, Solana 
$197‘s value could quintuple, while Ether and Bitcoin 
$98,381 could increase by four and three times, respectively.
An increase of about 11% for ETH is expected by year-end; however, market volatility and shifting investor interest towards other altcoins are influential factors on Ethereum’s price. Furthermore, the slow progress of spot Ether ETF applications in the U.S. is adding to market uncertainty. Regardless of these developments, the overall market is anticipated to perform positively in the last quarter of the year, and the upcoming U.S. presidential elections may heighten expectations for crypto assets.
The future of Ethereum and other digital assets continues to evolve based on macroeconomic conditions and technical indicators. In these volatile market conditions, it is crucial for investors to stay informed and make informed decisions.
