Ethereum: Faces Further Decline

Crypto analyst Michaël van de Poppe warns that markets undervalue $ETH, with its recent breakdown paving the way for continued drops until the CLARITY Act approval. He draws parallels to Bitcoin's bottom at the War's start, suggesting a 'sell the rumor, buy the news' setup where $ETH might bottom on approval day. For now, he sees no edge in buying $ETH over $BTC without deeper lows, amid broader crypto market crash signals and regulatory clarity demands.

From a technical confluence standpoint, $ETH trades at $2314.94 in a bearish structure, sandwiched inside Bollinger Bands with upper resistance at $2396.02 and lower support at $2253.52. The EMA50 at $2323.45 acts as immediate overhead resistance, while the EMA200 at $2267.97 provides longer-term support below—price hovers just above it, but the MACD death cross at -9.81 screams sustained downside momentum. Neutral RSI at 47.95 hints at no immediate exhaustion, so expect volatility to push toward that lower band before any rebound, especially if regulatory news delays persist in this ETH price prediction cycle. This setup echoes last quarter's Bitcoin vs ETH divergence, where $BTC outperformed amid hype around projects like TAO.