Ethereum has been showing solid performance for weeks. Now, however, the ETH course could slowly reach its limits. What’s next for ETH?
Analyst outlines horror crash
First of all, an inventory of the course of the course: Ethereum again failed to crack the resistance at $ 3,330 yesterday. ETH failed twice because of this resistance area. Ultimately, Ethereum made a high at $ 3,336 – and then began a decline.
The second-placed cryptocurrency is currently listed at $ 3,194 in terms of market capitalization. This corresponds to a loss of currently around 2.5% within the last 24 hours.
What price development do analysts now expect at Ethereum?
“TradingIdee24” outlines the further course of the business in a particularly bearish manner. He comments: At ETH, a number of factors now come into play that could push the course down “at least in the medium term”. He even thinks a drop to $ 680 is theoretically conceivable. Because, according to the analyst:
“Nowhere is the opportunity for top education greater than in the current zone. Should a correction come into the market, a likely target would initially be the $ 2,300 zone. “
However, if Ethereum also falls through this range, it could decline to as much as 680 dollars as a result. The analyst:
“It doesn’t seem very likely, but it’s a technically sound option that shouldn’t be completely ignored.”
Majority of traders seem optimistic
In complete contrast to this worst-case scenario, the Ethereum forecasts of popular crypto experts on Twitter are. The mood here seems to be predominant that declines in Ethereum are only likely to be temporary. For example, the popular analyst Teddy Cleps writes to his more than 125,000 followers:
“ETH is still above the cloud and an important resistance and you are getting bearish?
Can’t wait to see your face when you buy our tokens for $ 10,000 a piece. “
$ ETH is still above the cloud and a key resistance and you are flipping bearish?
Can’t wait to see your face when you will be buying our tokens 10,000 $ each. pic.twitter.com/Le4KHhUjGI
– NFTeddy (@TeddyCleps) August 17, 2021
Also one of the most popular and most cited traders, Pentoshi (@ Pentosh1) is unchanged bullish on Ethereum. In his estimation, Ethereum is on the verge of breaking out in the Bitcoin pair. He therefore expects new all-time highs soon – that is only a matter of time, he writes:
“The macroeconomic view for ETH remains unchanged. The ETH / $ BTC pair looks like it’s breaking out every day
I sketched ETH / USD. My # 1 cold storage position
Either way, new ATHs are on the horizon. […] Price discovery is only a matter of time. “
ETH / USD I’ve outlined. My # 1 cold storage position
Either way new ath’s on the horizon. Want the HL to rotate more in. But price discovery is only a matter of time https://t.co/e8hE68tOJF pic.twitter.com/kUvJFuPyTh
– Pentoshi 🐧 Wont DM You (@ Pentosh1) August 17, 2021
In the short term, the Ethereum rate is therefore about “all or nothing”. If the coin actually rises to five-digit prices, staying around $ 3,000 could be a good buying opportunity.
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