Ethereum Breakdown: Analyst Eyes $1,200 Price Target

Following a period of intense price consolidation, the Ethereum (ETH) market experienced an eventful trading week that featured a damning rejection at the $2,100 price level which has emerged as a major resistance zone in recent times. Following this bearish development, analysts continue to speculate on the future of crypto’s largest altcoin. Related Reading: Ethereum Price Struggles—Is Another Breakdown on The Horizon? Ethereum’s $2,100 Rejection Signals Further Decline, But How Low Can ETH Go? In an X post on March 28, a prominent market expert with X username Cryptododo7 provided valuable insights on Ethereum’s potential trajectory following its latest rejection at the $2,100 price zone. Via a technical analysis of the daily ETH/USD trading chart, Cryptododo7 hints that the ETH market sentiment is currently bearish suggesting a major downside in the coming weeks source: https://www.newsbtc.com/news/ethereum/ethereum-breakdown-analyst-eyes-1200-price-target/