您现在的位置是:Ethereum price prediction: ETH could drop below $3,500 soon >>正文
Ethereum price prediction: ETH could drop below $3,500 soon
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛98人已围观
简介Altcoins have been underperforming for the past few hours despite Bitcoin breaking the $56k barrier ...
Altcoins have been underperforming for the past few hours despite Bitcoin breaking the $56k barrier and looking to establish further gains in the coming hours
The cryptocurrency market has performed well since the start of the month, with the total market cap adding more than $400 billion over the past few days. However, altcoins are currently underperforming despite Bitcoin inching closer to the $57,000 level.
Ethereum has been one of the top performers in recent weeks, crossing the $3,600 level along the way. However, it is currently undergoing a retracement period, and its price is down by more than 1% over the past 24 hours.
At the time of writing, ETH is trading just above the $3,500 point and could drop lower if the cryptocurrency continues in its current bearish trajectory.
Ethereum price outlook
The ETH/USD 4-hour chart is still bullish since the cryptocurrency has been rallying over the past few days. The ETH MACD line is currently in the bullish zone, while the relative strength index of 47 shows that Ether is in the neutral zone.
Ether is currently trading slightly above $3,500. If the bearish sentiment continues, it could drop towards the $3,476 pivot. A decline to that level could bring Ether’s first major support level at $3,346 into play over the next few hours.
Unless there is an extended sell-off period in the market, Ether should avoid sub-$3,300 levels, with the second major support level currently sitting at $3,277.
ETH 4-hour chart. Source: TradingView
However, if Ether stays above the pivot level, it could surpass the first major resistance level at $3,545 in the coming hours. With the support from the broader cryptocurrency market, Ether could look to surpass Sunday’s high of $3,605.49.
Unless there is an extended bullish performance in the market, the $3,800 level should cap further upward movement in the short term. The cryptocurrency market has been performing well in the past few days, and Ether could embark on a rally if the other altcoins also start performing well.
Check out our how to buy Ethereum page here
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/48581.html
相关文章
Best Bitcoin ETFs available right now
Ethereum price prediction: ETH could drop below $3,500 soonAn ETF, or an exchange-traded fund, is a financial instrument used to track the performance of tradi...
阅读更多
Bitgert (BRISE) forms a symmetrical triangle as popularity wanes
Ethereum price prediction: ETH could drop below $3,500 soonBitgertprice has remained under intense pressure as the platform’s popularity wanes. BRISE, it...
阅读更多
Bitcoin surpasses the previous all
Ethereum price prediction: ETH could drop below $3,500 soonBitcoin has finally surpassed its previous all-time high and set a new record after spending the las...
阅读更多
热门文章
- Robot Dog: ESA astronaut controls robots from space
- PayPal’s crypto service to go global in early 2021
- Morse Micro and Zetifi reshape smart farming connectivity
- Bitcoin Looks Bullish as Price Sits at $19,100
- NASA teams up with ESA for gravitational wave quest in space
- Billionaire ETH whales now hold over 28.55 million ETH