Ethereum's recent 12% decline to $3,38 has not deterred analysts, who project significant long-term growth potential, with price targets between $7,200 and $11,433. The Block Subsidy Model suggests a peak at $11,433, while the Mayer Multiple indicates a critical milestone at $7,200. Short-term challenges persist, with resistance at $3,555 and support levels at $3,252, $3,097, and $2,940.