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The price movement of Ethereum (ETH) may experience a series of fluctuations in the next 6-8 weeks. It is expected that ETH will first break through the key resistance level of $4000 and is likely to rise to a high of $5200-5500. However, this upward trend may come to an end as the price of Bitcoin falls below $100,000.
Between September and October, Ethereum may experience a wave of fluctuation, with prices potentially dropping to the range of 3400-3600 USD. During this phase, market sentiment may turn pessimistic, and some investors may question the effectiveness of their holding strategies.
Nevertheless, this correction is likely to be temporary. It is expected that by the end of the year, Ethereum will once again demonstrate its strong pump momentum, with a potential to break through a new high of 8000 dollars.
This price movement reflects the high volatility of the cryptocurrency market and highlights the importance for investors to maintain a long-term perspective. Although there may be short-term pullbacks, the long-term growth potential of Ether is still worth noting. When formulating investment strategies, investors should take this potential price fluctuation into account and make informed decisions based on their risk tolerance.