您现在的位置是:ETH price forecast: How low can Ethereum drop? >>正文
ETH price forecast: How low can Ethereum drop?
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛5445人已围观
简介ETH price has not been left behind in the ongoing cryptocurrency meltdown. Ethereum crashed to a low...
ETH price has not been left behind in the ongoing cryptocurrency meltdown. Ethereum crashed to a low of $1,136, which was the lowest level since July last year. The coin has crashed by more than 27% from the highest level this year, bringing the year-to-date losses to over 60%.
Ethereum price prediction: will ETH benefit from FTX crash?
Ethereumprice has been in a strong bearish trend in the past few months as cryptocurrencies crash. This week’s sell-off was triggered by the crash of FTX, the third-biggest crypto exchange in the world.
Most cryptocurrencies have plunged as investors predict that this could be the industry’s Lehman moment. As a result, many investors have exited their crypto positions.
Still, a closer look at the situation shows that Ethereum could actually benefit from this crash. For one, in the past few months, we have seen the collapse of several centralized exchanges (CEX), including Voyager Digital, Celsius, Vauld, and BlockFi.
In the same period, most DeFi exchanges like Uniswap, PancakeSwap, and SushiSwap have continued doing well. This is notable since Ethereum hosts some of the biggest DEXes in the world like Uniswap, Curve, SushiSwap, and dYdX among others.
Analysts believe that DEXes are better than CEXes for several reasons. First, they are open-source in nature, meaning that anyone can manipulate the code. Second, DEXes are transparent, meaning that anyone can track the flow of coins in their ecosystems.
Third, they are decentralized in nature, meaning that insiders don’t have more significant powers than other DAO members.
Therefore, there is a likelihood that DEXes will continue thriving in the long term. And if this happens, Ethereum will benefit since it is the biggest player in the industry.
Nonetheless, for now, Ethereum and other crypto prices will likely continue falling as concerns about the industry remain.
Ethereum price prediction: technical analysis
The daily chart shows that ETH price has been in a strong bearish trend in the past few months. The sell-off accelerated this week after the collapse of FTX, As it dropped, it managed to move below the important support level at $1,236, which was the lowest level in October.
It has moved below the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved below the oversold level. Therefore, Ethereum pricewill likely continue falling as sellers target the key support level at $1,000.
How to buy Ethereum
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Open AccountPlus500
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Buy ETH with Plus500 today 82% of retail CFD accounts lose money.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/89974.html
相关文章
Quantum computer
ETH price forecast: How low can Ethereum drop?IDB Lab, Cambridge Quantum and Tecnológico de Monterrey have been building a quantum-proof cr...
阅读更多
New device can restore old PV panels to their former glory
ETH price forecast: How low can Ethereum drop?By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.A spin-of...
阅读更多
TIME Auctions Special Edition NFT Covers
ETH price forecast: How low can Ethereum drop?The almost century old publication is selling its iconic “Is God Dead?” cover, as well a...
阅读更多
热门文章
- New Bitcoin buyers enter market but price still stagnating at $10k
- Japanese startup plans to vaporize space junk using ground lasers
- DeFi Boom Inflates Tether Supply To $15 Billion
- First autonomous pothole
- Korea Blockchain Association Requests Delay on Crypto Tax
- Bitcoin Saw A Boost After Square’s Second Investment
最新文章
XRP price rallies 15% to $0.60: What's next?
ARK Invest foresees Bitcoin market cap soaring
BTC and ETH had strong weeks: will this week be the same?
Pyth Network and Chainlink price feeds join Solana ecosystem
NEOM unveils futuristic masterpiece hidden within 450
Has energy generation from ocean temperatures come of age?