Ethereum price dipped to $4,341 early Tuesday before recovering above $4,550, remaining roughly 8% below its recent record high. Short-term technical outlook is mixed: some analysts expect a $4,000–$4,800 base before a push past $5,000, while others warn of further consolidation.
Price action snapshot: ETH low $4,341, current ~ $4,550, ~8% below ATH.
Analyst consensus is mixed: Fundstrat and Myriad sentiment bullish; some strategists warn of short-term pullback.
Market drivers include ETF flows, macro interest-rate outlook, technical indicators (daily MACD) and seasonality data.
Ethereum price fell to $4,341 then recovered above $4,550; read expert views, technical signals, and next steps for traders. Stay informed with COINOTAG coverage.
What is happening to the Ethereum price?
Ethereum price briefly dipped to $4,341 early Tuesday before recovering above $4,550. The move leaves ETH about 8% below its all-time high and sets up a near-term battle between bullish institutional flows and signs of technical overextension.
How low could ETH fall and where might it recover?
Fundstrat analysts signaled a potential short-term bottom near $4,300 and projected a path back above $5,000. Market polling by Myriad shows 80% of respondents expect ETH to breach $5,000 this year. Conversely, some market strategists note an overbought daily MACD, suggesting possible consolidation or further pullback before a sustained uptrend.
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Some market participants view the dip as a buying opportunity, citing institutional flows and polls showing bullish expectations. However, technical indicators like a stretched daily MACD suggest caution; consider waiting for consolidation or confirmation before increasing exposure.
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Source: https://en.coinotag.com/ethereum-may-bottom-near-4300-analysts-say-though-others-warn-of-further-pullbacks/