Analysts predict that Ether may dip to the mid-$3,000 support zone in September before experiencing a significant rebound in October. This potential decrease could catch many traders by surprise. Full-time crypto trader Johnny Woo suggests that a head-and-shoulders pattern may form, initially appearing bearish before invalidating and rallying in 'Uptober'. He forecasts Ether could drop to around $3,350 in September but eventually reach new all-time highs by November, mirroring a similar pattern observed in September 2021. Another trader, Daan Crypto Trades, points to recent market consolidation around $4,300 to $4,500, indicating a possible retest of lower ranges as a key moment for traders. While technical indicators raise concerns, Apollo Capital’s Henrik Andersson emphasizes focusing on fundamental analysis over historical trends. Macro events, such as upcoming US jobs data and the Fed's rate decision, are expected to induce short-term volatility, but overall, the structural growth prospects of Ethereum are seen as favorable. At present, Ether is down 11.7% from its all-time high and is trading around $4,374.

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