Market Stabilization Expected After Recent Downturn, Analyst Predicts

According to BlockBeats, renowned crypto analyst @IamCryptoWolf shared insights on the X platform, suggesting that the worst phase for the market has passed. He anticipates a consolidation period in the coming weeks before the market resumes its upward trend. On November 4, the analyst had cautioned that Ethereum was entering its final adjustment phase, with potential to dip to the $3400 range. However, Ethereum's lowest point reached $3057. @IamCryptoWolf has been sharing his analytical perspectives on Tradingview since 2014 and has amassed 113,000 followers on the X platform.