Ethereum has dropped by 14% in under two days, leading to negative sentiment among investors. However, analyst Ali Martinez suggests this downturn to the $2,900 level might be a 'buy-the-dip' opportunity, targeting a future price of $7,000.
While Ethereum has struggled in 2024, starting 2025 poorly, Martinez remains optimistic, seeing significant potential gains. He notes that Ethereum's bearish phase is a natural market cycle that could pave the way for a rally once it ends.
Despite market fear, Ethereum is showing resilience and holding key support levels. Investors are monitoring these as potential launchpads for a price surge. The path to recovery involves regaining the $3,900 level, crucial for a bullish trend. Investors are advised to remain patient as Ethereum navigates through this uncertain phase.
