Analysts are predicting that Ether may experience a significant drop to the mid-$3,000 support zone in September before making a strong recovery in October, which could surprise many traders. Crypto trader Johnny Woo suggested that the market may present a head-and-shoulders pattern that appears bearish initially but could lead to a powerful rally in October. This scenario mirrors past market behavior, such as in September 2021, when Ether fell significantly only to rebound sharply. Another analyst, Daan Crypto Trades, noted the current market consolidation around the $4,300 to $4,500 range and pointed towards $4,160 as a critical support level that may be tested. In contrast, Apollo Capital’s Henrik Andersson emphasized the caution of relying solely on technical indicators and advocated a focus on fundamental analysis instead, given current macroeconomic factors that could lead to short-term volatility. As of now, Ether has fallen further, trading at $4,374 and down 11.7% from its all-time high.

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