Ethereum

Rally

Verge

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<li style="font-weight: 400;" aria-level="1"> Credible, a crypto analyst has said that Ethereum (ETH) and other alternative cryptocurrencies are expected to experience a significant surge. </li>
<li style="font-weight: 400;" aria-level="1">Since May 12 Ether&#8217;s price has struggled to maintain its support level of $1,800.</li>
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According to Credible, a crypto analyst who goes by a pseudonym and has a Twitter following of over 340K, he told his followers via a tweet that<a href="https://www.crypto-news-flash.com/what-is-ethereum-history-and-beginners-guide/"> Ethereum (ETH)</a> and other alternative cryptocurrencies are expected to experience a significant surge. Ethereum may reach $2,000, according to Credible, before it corrects and settles at about $1,500.
Even though Credible is presently bullish on ETH, he predicts that the leading altcoin will likely experience a substantial drop after reaching his goal. Credible claims that his perspective on Ethereum matches his perspective on the larger altcoin markets. According to the trader&#8217;s chart, Ethereum will likely skyrocket to over $2,000 before correcting to approximately $1,500.
<div id="attachment_280505" style="width: 606px" class="wp-caption aligncenter"><img aria-describedby="caption-attachment-280505" decoding="async" class="wp-image-280505" src="https://www.crypto-news-flash.com/wp-content/uploads/2023/05/unnamed-2023-05-18T140331.524-300x151.png" alt="" width="596" height="300" srcset="https://www.crypto-news-flash.com/wp-content/uploads/2023/05/unnamed-2023-05-18T140331.524-300x151.png 300w, https://www.crypto-news-flash.com/wp-content/uploads/2023/05/unnamed-2023-05-18T140331.524.png 512w" sizes="(max-width: 596px) 100vw, 596px" />Source: Credible crypto on Twitter</div>
As of the time of writing, Ethereum is currently trading at $1,806.58. The coin is currently down at 0.35%. It is worth noting that Investors have been facing challenges due to the Ethereum network&#8217;s<a href="https://www.crypto-news-flash.com/ethereum-gas-fees-skyrocket-to-187-investors-flock-to-cardano-as-ecosystem-receives-massive-hydra-scaling-update/"> high gas fees</a> and a deteriorating regulatory environment for cryptocurrencies, causing Ether&#8217;s price to struggle to maintain its support level of $1,800 since May 12.
Ethereum is struggling to keep up with other cryptocurrencies, with a decline of almost -1.84% in the past seven days. Although the coin has had strong fundamentals in the past few days, it may not be a profitable asset for short-term investments.
Over the last month, the value of<a href="https://www.crypto-news-flash.com/is-ethereum-a-deflationary-asset-report/"> ETH</a> has decreased by -14.947%, resulting in an average loss of $317.48. This recent drop indicates that the coin is dipped, which could present a good buying opportunity for quick investments. 
However, the price of Ethereum has increased over the past four months. As a result, we believe that similar market segments were viral at the time. The most recent data indicates that the volume of trade has grown since four months ago. The trading volume plays a crucial effect on the price of the item.
The currency had increased in value by 30.77% over the past four months when its maximum average price was approximately $1,232.63 and its lowest average price was roughly $1,202.88.
<h2 id="span-style-font-weight-400-technical-analysis-span">Technical analysis</h2>
The short-term Moving Averages (5, 10, 20, and 50 periods) suggest a sell trend, while the long-term Moving Averages (100 and 200 periods) indicate a buy trend. 
The majority of the indicators, such as RSI, STOCH, MACD, Williams %R, CCI, ROC, and Bull/Bear Power, signal a sell action. Moreover, the STOCHRSI(14) is in oversold territory. The ATR(14) indicates reduced market volatility, while ADX(14) suggests a neutral market.
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Ethereum and This Altcoin on the Verge of a Massive Rally if ETH Can Achieve This Price Target – Report

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