The Ethereum price could slip below the $1,000 level once again
After bulls failed to take advantage of another bounce opportunity that was presented earlier this week, a bear flag formation appeared on the chart, and it resolved lower., Redler tweeted that the Ethereum price would be able to touch the $2,100 level in early August.
In early June, he correctly predicted that the price of the second-largest cryptocurrency would plunge below the $1,400 level. At press time, the price of Ethereum is changing hands at $1,490 on the Binance exchange after slipping to an intraday low of $1,475. The cryptocurrency remains under strong bearish pressure despite the fact that the merge upgrade is expected to take place in just a few weeks from now.
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