HomeNewscoinquora.comAnalyst Predicts Ethereum Will Be Bearish Until $2500

Analyst Predicts Ethereum Will Be Bearish Until $2500

- Advertisement -


  • ETH will go bearish until the $2500 mark according to technical analyst.
  • The second-largest crypto shows bearish movement without signs of stopping.
  • On the other hand, crypto poll shows that investors think the bull market is not over.

The second-largest cryptocurrency, Ethereum (ETH) has lost a lot of its value from the recent all-time high price at $4,387. At the moment, ETH is valued just below the $3000 mark according to coin information websites like coinmarketcap.com.

According to Coingape analyst John Isige, Ethereum might go as low as $2500. He mentioned that many technical indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show very obvious bearish signals, as highlighted on the four-hour chart that you can see below.

Square Crypto Grants 100000 to Open Source Crypto Payment Processor

Isige adds that ETH may find support in the $2800 to $2500 level. On the other hand, if the coin goes bullish again, it may find resistance at the $3200 and $3600 levels.  

In other news, a crypto poll shows that the crypto bull run is not over yet. Investors believe that the market is still going to go bullish in the coming days. At the time of writing, 55% of the 19,343 participants say that the bull run is not over and that it’s just a correction.





Source link

- Advertisement -
profile logo 500x500
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,494FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 44,007.00
ethereum
Ethereum (ETH) $ 3,144.29
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 511.10
litecoin
Litecoin (LTC) $ 152.98
eos
EOS (EOS) $ 4.05
okb
OKB (OKB) $ 12.90
tezos
Tezos (XTZ) $ 6.55
leo-token
LEO Token (LEO) $ 2.84
cardano
Cardano (ADA) $ 2.24
monero
Monero (XMR) $ 239.76
stellar
Stellar (XLM) $ 0.281052
chainlink
Chainlink (LINK) $ 25.06
huobi-token
Huobi Token (HT) $ 7.34
tron
TRON (TRX) $ 0.089395
usd-coin
USD Coin (USDC) $ 1.01
dash
Dash (DASH) $ 165.41
neo
NEO (NEO) $ 39.33
iota
IOTA (MIOTA) $ 1.19
nem
NEM (XEM) $ 0.150614
zcash
Zcash (ZEC) $ 112.95
maker
Maker (MKR) $ 2,398.22
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 48.06
vechain
VeChain (VET) $ 0.093159
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 57.05
kucoin-shares
KuCoin Token (KCS) $ 10.84
waves
Waves (WAVES) $ 24.39