Ethereum Price Prediction For January 11 Anjali Belgaumkar | usagoldmines.com

• Wave Structure: One possible bearish scenario is that Ethereum could be following a corrective wave pattern, with a potential five-wave decline forming. However, this would be a short-term bearish outlook. As long as Ethereum remains above $2,400, the overall uptrend could still continue.
• Altcoins Impact: Many altcoins are showing signs of weakness, which could put additional pressure on Ethereum’s price.

Triangle Pattern Potential

Ethereum may also be forming a triangle pattern. If this is the case, more sideways movement may occur before a breakout. A breakout above $3,613 would suggest the development of a bullish triangle pattern, potentially leading to a strong upward move.