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What is the future direction of Ethereum? The chart shows a bleak outlook.

As Bitcoin's market share reaches 60%, the crypto assets market weakens, with Ethereum trading at $3,473 and technical signals being mixed. The prediction market shows a 65% probability that Ethereum will reach $4,000 before falling to $2,500, but there is a 79.1% probability that it will not reach $5,000 before the end of the year. Key indicators show bearish momentum: the Relative Strength Index (RSI) is at 41.46, indicating selling pressure; the Average Directional Index (ADX) is at 32.66, confirming a strong downward trend; the price is testing the critical $3,400 support level. Despite whales accumulating 1.64 million Ether in October and the upcoming Fusaka upgrade, the resistance level of $3,600-$3,800 and the potential risk of a breakdown suggest that Ethereum's price may decline to $2,800-$2,500.

ETH0.46%
BTC-0.94%
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