[Analyst Says Ethereum May Dip to the $3400 Range] On November 4, renowned crypto analyst @IamCryptoWolf stated on the X platform that Ethereum is entering the final phase of the adjustment that began in August, which is part of a larger trend starting around $1500. The analyst pointed out that if Ethereum fails to recover to $3900 soon, the price is expected to potentially dip to the $3400 range.