More Pain For Ethereum? Analyst Predicts “Washout” To $2,700 Amid Regulatory Pressure

More Pain For Ethereum? Analyst Predicts “Washout” To $2,700 Amid Regulatory Pressure


Ethereum remains under immense selling pressure, shaving over 30% from March 2024 highs. With prices recently dropping below $3,000 and sellers doubling down, there could be no reprieve for optimistic buyers in the sessions to come. 

Analyst Expects One More “Washout” To $2,700

Taking to X, one analyst notes that the coin is still bearish and moving inside a falling wedge. The trader predicts that ETH will continue dropping below immediate support levels. 

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ETH remains bearish | Source: Analyst on X

In a post, the trader predicts a potential “washout” for ETH that would likely see the coin fall below $2,700. The analyst added that despite the prevailing fear, the overall structure of Ethereum price action remains unchanged. 

The

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