Ethereum (ETH) analysts are warning that waiting for a dip in price may come at a cost.
Crypto Patel notes that many investors are expecting prices to fall within the $700-$1,000 range, but it's unclear if this will happen. According to data, ETH is currently above its 20 and 50-day moving averages, but below its 100 and 200-day moving averages.
The institutional interest and spot ETF flow are supporting a bullish thesis for Ethereum in the long term.