Analyst Predicts Potential ETH Fractal Pattern Could Cause Drop to $2,500

Despite a minor dip, Ether prices remain above $3,100 amid Bitcoin's fall below $90,000. Analyst 'DrBullZeus' noted that ETH's downward trending pattern seems familiar and could lead to a drop to around $2,500 before bouncing back above the trendline. This could be a repeat of the April event when ETH dropped to multi-year lows. A clear breakout above the trendline resistance would indicate a shift in momentum favoring the bulls, according to the analyst. Michaël van de Poppe, MN Fund founder, anticipates volatility in the upcoming week due to US economic data and the Bank of Japan's rate cut. He also observed that ETH has been holding up better than BTC. The 'capital rotation' from Bitcoin to ETH may be slowly happening as Bitcoin has fallen 2% over the past week, whereas Ether is up 0.5%.