Several analysts predict that the price of Ethereum will challenge $3,000 in the short term, but warn of a possible correction. Technical analyst Mikybull pointed out that the target for the reverse head and shoulders pattern of ETH is $3,000. Cryptocurrency trader Daink predicts that it may rise to $4,000 before the end of the year, and the all-time high is expected to appear in Quarter 1 in 2025. Anonymous analyst Ignas believes that the competition of the L1 blockchain has caused the price of ETH to weaken. Trader Justin Bennet said that ETH may form a diamond reversal pattern of a correction to $2,400, and the RSI data also shows that the price is at risk of a correction.