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According to Fundstrat analyst Mark Newton, Ethereum (ETH) could rise to $5,450 after hitting a dip at $4,300.
Recently, the cryptocurrency market has experienced sharp sell-offs, and Ethereum also saw a rapid decline following its new peak. Last week, ETH surpassed $4,900 but fell to $4,300 due to increased selling pressure. Although this pullback has worried investors, some experts believe it will not be permanent.
Fundstrat analyst Mark Newton predicts that Ethereum will maintain its upward trend and that this outlook will not be disrupted as long as it does not fall below $4,067. According to the analyst, ETH could form a bottom at $4,300 in the short term and gain strength from there to target $5,100 first, followed by $5,450.#ETH Trend Watch