Ethereum

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 The Ethereum price has plunged 1.1% in the last 24 hours to trade at $2,275 as of 04:29 a.m. EST on trading volume that jumped 22% to $6.7 billion. 
 This slight drop in the ETH price comes as crypto analyst Benjamin Cowen warns that it will plummet to below the $1,000 mark.&nbsp; 
 In a recent video, Cowen mentioned that he believes Ethereum could experience a significant drop in value before entering a new bullish phase.&nbsp; 
 He points to the historical patterns of Ethereum’s price movements and the importance of the ETH/BTC pair in determining its future trajectory. 
 
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 Cowen highlights the retests of cycle lows in 2015, 2016, and 2020, emphasizing that a similar retest for 2022 is yet to occur.&nbsp; 
 He further predicts that Ethereum will experience a decline first in its Bitcoin pair (ETH/BTC), followed by a subsequent drop in ETH/USD, likely to happen within this year. 
 <h2 id="span-style-font-weight-400-the-ethereum-price-bulls-rebound-within-a-falling-wedge-pattern-span">The Ethereum Price: Bulls Rebound Within A Falling Wedge Pattern</h2> 
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 <img decoding="async" class="size-full wp-image-476204" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201736%20747'%3E%3C/svg%3E" alt="Ethereum Price Chart Analysis. Source:Tradingview.com" width="1736" height="747" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/01/30/18db1b4206f2dc76b8016df66ec08581.webp 1736w, https://cdn.thebittimes.com/images/2024/01/30/18db1b4206f2dc76b8016df66ec08581.webp 300w, https://cdn.thebittimes.com/images/2024/01/30/18db1b4206f2dc76b8016df66ec08581.webp 1024w, https://cdn.thebittimes.com/images/2024/01/30/18db1b4206f2dc76b8016df66ec08581.webp 768w, https://cdn.thebittimes.com/images/2024/01/30/18db1b4206f2dc76b8016df66ec08581.webp 1536w" data-lazy-sizes="(max-width: 1736px) 100vw, 1736px" data-lazy-src="https://cdn.thebittimes.com/images/2024/01/30/18db1b4206f2dc76b8016df66ec08581.webp">
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 <img decoding="async" class="size-full wp-image-476204" src="https://cdn.thebittimes.com/images/2024/01/30/18db1b4206f2dc76b8016df66ec08581.webp" alt="Ethereum Price Chart Analysis. Source:Tradingview.com" width="1736" height="747" srcset="https://cdn.thebittimes.com/images/2024/01/30/18db1b4206f2dc76b8016df66ec08581.webp 1736w, https://cdn.thebittimes.com/images/2024/01/30/18db1b4206f2dc76b8016df66ec08581.webp 300w, https://cdn.thebittimes.com/images/2024/01/30/18db1b4206f2dc76b8016df66ec08581.webp 1024w, https://cdn.thebittimes.com/images/2024/01/30/18db1b4206f2dc76b8016df66ec08581.webp 768w, https://cdn.thebittimes.com/images/2024/01/30/18db1b4206f2dc76b8016df66ec08581.webp 1536w" sizes="(max-width: 1736px) 100vw, 1736px">
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 ETHUSDT Chart Analysis. Source:Tradingview.com
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 The Ethereum price indicates a rebound from the lower boundary of the falling wedge pattern at $2175, which signals a bullish trend reversal.&nbsp; 
 A little push above the upper boundary of the wedge coincides with the 50 Simple Moving Average (SMA), which could see the bulls initiate a bull rally. The 200 SMA, however, still poses a challenge for the bulls.&nbsp; 
 The Relative Strength Index (RSI) shows a rebound from the 30 oversold region, surging to the 50 midline level, suggesting potential buying pressure. A push above this level could see the RSI enter the overbought threshold of 70. 
 <h2 id="span-style-font-weight-400-the-ethereum-price-prediction-span">The Ethereum Price Prediction</h2> 
 Bullish investors are riding a sustained upward trend within the falling wedge triangle, anticipating movements above its boundaries. A successful breach could see bulls aiming for a peak of $2700 
 However, a downside scenario might allow bears to influence a price decline. We could see the value drop towards the support zone at $2135 at the wedge’s lower boundary. 
 <h2 id="span-style-font-weight-400-etuktuk-presale-almost-reaching-680-000-goal-buy-fast-span">eTukTuk Presale Almost Reaching $680,000 Goal, Buy Fast</h2> 
 While Ethereum traders await a suitable entry point, investors are eyeing the potential for a 10X return from the new eTukTuk presale, which has surged past $625k and is closing on its $680k target. 
 $TUK tokens are priced $0.026 each, but a price hike is coming in less than two days. 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Explore the full potential of our project and discover how to join our token sale in this insightful article by @cryptonews https://t.co/rJ48D2J48p 
 — eTukTuk (@eTukTukio) January 29, 2024
 </blockquote> 
 
 <h2 id="span-style-font-weight-400-why-etuktuk-span">Why ETukTuk?</h2> 
 The eTukTuk project plans to transform the transportation industry in developing countries by bringing in three-wheel electric Tuk Tuks, and setting up a network of charging stations.&nbsp; 
 The goal is to reduce pollution, make people healthier, and give them more opportunity. 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 1/ Ready for a game-changer? 
 Let's talk about how shifting to renewable energy isn't just crucial for our planet, but it might just pay for itself within six years. 🔄🧵 pic.twitter.com/TZXK8dse5M 
 — eTukTuk (@eTukTukio) October 6, 2023
 </blockquote> 
 
 eTuktuk operates on the Binance Smart Chain, employing a decentralized sharing economy model for scalability, security, and efficiency. At its core, the project focuses on eco-friendly electric vehicle charging station infrastructure (EVSE) and introduces affordable electric Tuk Tuks. 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Switching from the old, noisy, and polluting ICE tuktuks to the sleek, quiet, and eco-friendly eTukTuk – because progress is not just about moving, it's about moving forward responsibly 🌿🚗#ElectricVehicles #Memes pic.twitter.com/BWkoU3T09D 
 — eTukTuk (@eTukTukio) January 7, 2024
 </blockquote> 
 
 <h2 id="span-style-font-weight-400-earn-rewards-while-staking-tuk-tokens-and-p2e-span">Earn Rewards While Staking TUK Tokens And P2E</h2> 
 You can stake your $TUK tokens on the eTukTuk platform for an annual yield of 347%, on top of presale price increases. The more you stake, the higher your rewards. 
 The project team is launching a play-to-earn game, Crazy Taxi, where you can earn $TUK tokens by completing missions and ferrying passengers to various locations. 
 Crypto analyst Jacob Bury says projects like these are the future of crypto, and predicts a 10X growth potential for $TUK on launch. 
 
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 You can buy $TUK tokens today by visiting the official eTukTuk website. Swap BNB or USDT for $TUK tokens or buy directly using your bank card. 
 <h2 id="span-style-font-weight-400-related-news-span">Related News</h2> 
 <ul> 
 <li style="font-weight: 400;" aria-level="1">&nbsp;🚀 Bitcoin Price Prediction: Experts Forecast Bullish Trends for 2024 📈💰</li> 
 <li style="font-weight: 400;" aria-level="1">🚀🤖 Best AI Crypto Coin Projects: Top Picks for 2023 🤑💰</li> 
 </ul> 
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Ethereum Price Prediction: Top Analyst Sees ETH Crashing to $1K As Experts Say This Green AI Coin Might 10X

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