Ethereum (ETH) Could Crash to This Level Before Next Bull Run, Says Analyst

📉 Ethereum has rebounded from near the $1,500 support level, but analysts warn it may still decline towards the $700 range based on historical market patterns.

📈 Despite negative sentiment, Ethereum's network growth is accelerating, with nearly 195 million non-empty wallets, significantly outpacing Bitcoin's 59 million.

💹 Derivatives market activity is recovering, with Binance reporting a new all-time high in Ethereum open interest, indicating a shift towards buying activity among traders.