Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Este artículo también está disponible en español.
Crypto analyst Klejdi has indicated that Ethereum’s pain is far from over, with the second-largest crypto by market cap set to suffer a further downtrend. Specifically, he warned that ETH could still drop to as low as $1,400 before it finds a bottom.
Ethereum May Still Drop To As Low As $1,400
In a TradingView post, Kledji stated that Ethereum may drop to $1,400, providing a bearish outlook for the altcoin, which has underperformed other top cryptocurrencies. The analyst noted that ETH lost nearly 12% of its value within just three days after breaking out of its recent pattern last Friday.
Related Reading
He further mentioned that Ethereum’s movement and the rest of the crypto market are closely tied to Bitcoin. As such, this ETH crash is likely to happen, seeing as the flagship crypto has dropped to $81,300 and is already showing signs of further decline.
Klejdi highlighted in his accompanying chart that ETH will likely consolidate near its current level before continuing to move lower. However, the chart showed that the move to this $1,400 target will likely happen this month.
In the meantime, the analyst believes it would be wise to wait for Ethereum’s price to form another bearish pattern before entering a trade. He again reaffirmed that there is a strong possibility that ETH may extend its drop to $1,400.
Ethereum whales are already capitulating ahead of this projected price crash. Onchain analytics platform Lookonchain revealed an ETH OG that has sold off all its holdings. This investor bought 5,0001 ETH while trading at $277 in 2017 and didn’t sell when the altcoin hit its ATH during the last bull run. The whale started selling last month, possibly giving up on Ethereum making a comeback anytime soon.
ETH Will Still Reach New Highs
Crypto analyst Virtual Bacon is still confident that Ethereum will reach new highs. He noted that ETH is back at its key bear market breakout zone, retesting the $1,700 and $2,100 range. He predicts that the altcoin will continue to chop around this range in the short term. However, he remarked that Ethereum tends to catch up fast once the US Federal Reserve pivots and global liquidity turns.
Related Reading
Crypto analyst Crypto Patel affirmed that Ethereum’s biggest run is coming. He stated that Q2 to Q4 of this year will be life-changing for ETH. The analyst added that this could be the cycle top window and advised market participants not to miss it. Crypto Patel advised that they should accumulate between $1,900 and $1,300 with the target of between $7,000 and $10,000 in mind.
At the time of writing, the Ethereum price is trading at around $1,850, up in the last 24 hours, according to data from CoinMarketCap.
Featured image from iStock, chart from Tradingview.com
Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Este artículo también está disponible en español.
Crypto analyst Klejdi has indicated that Ethereum’s pain is far from over, with the second-largest crypto by market cap set to suffer a further downtrend. Specifically, he warned that ETH could still drop to as low as $1,400 before it finds a bottom.
Ethereum May Still Drop To As Low As $1,400
In a TradingView post, Kledji stated that Ethereum may drop to $1,400, providing a bearish outlook for the altcoin, which has underperformed other top cryptocurrencies. The analyst noted that ETH lost nearly 12% of its value within just three days after breaking out of its recent pattern last Friday.
Related Reading
He further mentioned that Ethereum’s movement and the rest of the crypto market are closely tied to Bitcoin. As such, this ETH crash is likely to happen, seeing as the flagship crypto has dropped to $81,300 and is already showing signs of further decline.
Klejdi highlighted in his accompanying chart that ETH will likely consolidate near its current level before continuing to move lower. However, the chart showed that the move to this $1,400 target will likely happen this month.
In the meantime, the analyst believes it would be wise to wait for Ethereum’s price to form another bearish pattern before entering a trade. He again reaffirmed that there is a strong possibility that ETH may extend its drop to $1,400.
Ethereum whales are already capitulating ahead of this projected price crash. Onchain analytics platform Lookonchain revealed an ETH OG that has sold off all its holdings. This investor bought 5,0001 ETH while trading at $277 in 2017 and didn’t sell when the altcoin hit its ATH during the last bull run. The whale started selling last month, possibly giving up on Ethereum making a comeback anytime soon.
ETH Will Still Reach New Highs
Crypto analyst Virtual Bacon is still confident that Ethereum will reach new highs. He noted that ETH is back at its key bear market breakout zone, retesting the $1,700 and $2,100 range. He predicts that the altcoin will continue to chop around this range in the short term. However, he remarked that Ethereum tends to catch up fast once the US Federal Reserve pivots and global liquidity turns.
Related Reading
Crypto analyst Crypto Patel affirmed that Ethereum’s biggest run is coming. He stated that Q2 to Q4 of this year will be life-changing for ETH. The analyst added that this could be the cycle top window and advised market participants not to miss it. Crypto Patel advised that they should accumulate between $1,900 and $1,300 with the target of between $7,000 and $10,000 in mind.
At the time of writing, the Ethereum price is trading at around $1,850, up in the last 24 hours, according to data from CoinMarketCap.
Featured image from iStock, chart from Tradingview.com
can you buy clomiphene without a prescription order clomiphene pills how can i get cheap clomid how to get clomiphene no prescription can i get generic clomiphene without rx cost cheap clomid without insurance cost cheap clomid online
Greetings! Utter gainful par‘nesis within this article! It’s the crumb changes which wish make the largest changes. Thanks a quantity quest of sharing!
With thanks. Loads of expertise!
azithromycin 250mg pills – ciprofloxacin canada buy generic flagyl
domperidone over the counter – buy tetracycline 500mg generic generic flexeril
clavulanate drug – atbioinfo buy ampicillin paypal
nexium generic – https://anexamate.com/ order esomeprazole 20mg generic
order coumadin pill – blood thinner where can i buy cozaar
mobic 15mg ca – tenderness buy meloxicam 7.5mg
prednisone 5mg pill – https://apreplson.com/ deltasone 20mg generic
buy ed pills best price – fastedtotake over the counter ed pills that work
where can i buy amoxil – combamoxi.com amoxil buy online
cenforce for sale online – https://cenforcers.com/ generic cenforce 100mg
canadian pharmacy ezzz cialis – site cialis overnight deleivery
mambo 36 tadalafil 20 mg reviews – https://strongtadafl.com/# tadalafil tablets 40 mg
I am actually happy to glance at this blog posts which consists of tons of worthwhile facts, thanks towards providing such data. clomid gyno
order viagra and cialis online – https://strongvpls.com/ generic viagra 50 mg
With thanks. Loads of conception! https://buyfastonl.com/amoxicillin.html
With thanks. Loads of erudition! https://prohnrg.com/product/loratadine-10-mg-tablets/
More posts like this would bring about the blogosphere more useful. https://ondactone.com/spironolactone/
Greetings! Very productive par‘nesis within this article! It’s the crumb changes which will make the largest changes. Thanks a quantity quest of sharing! https://toolbarqueries.google.lk/url?q=https://www.facer.io/u/rybelsus
This is the amicable of topic I enjoy reading. http://www.orlandogamers.org/forum/member.php?action=profile&uid=28881
order generic forxiga – https://janozin.com/ buy dapagliflozin pills for sale
purchase xenical generic – purchase xenical pill orlistat medication
Greetings! Extremely useful advice within this article! It’s the scarcely changes which will turn the largest changes. Thanks a lot quest of sharing! http://furiouslyeclectic.com/forum/member.php?action=profile&uid=24879