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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereum-faces-price-volatility-as-market-uncertainty-continues" rel="noopener noreferrer nofollow">Ethereum Faces Price Volatility as Market Uncertainty Continues</a><br></p>
<p style="text-align: justify">Cryptocurrency markets have experienced a turbulent week with several factors influencing the value of digital assets. Despite fears of negative Federal Reserve outcomes, the actual impact was less damaging than anticipated. However, <a href="https://en.bitcoinhaber.net/tracking-cryptocurrency-trends-among-turkish-investors" rel="noopener noreferrer nofollow">cryptocurrency</a> exchange-traded funds (ETFs) saw substantial outflows that contributed to significant price instability, particularly affecting major altcoins such as <a href="https://en.bitcoinhaber.net/ethereum-etf-speculation-yet-to-start-despite-market-movements" rel="noopener noreferrer nofollow">Ethereum</a> (ETH).</p>
<h2 id="ethereum-s-price-stability-questioned">Ethereum’s Price Stability Questioned</h2>
<p style="text-align: justify">Ethereum’s transaction fees have seen a reduction following the Dencun update, yet this had a limited effect on bolstering ETH’s market price. Despite initial surges in Layer2 solutions, the update could not shield Ethereum from the detrimental influences emerging from the ETF sector. The price of ETH demonstrated a notable rise of over 36% in a period spanning late February to early March, while daily active user addresses escalated. This upward trend, however, reversed mid-March with ETH losing significant value.</p>
<p style="text-align: justify">A growth in network users typically aligns with price appreciation. But in Ethereum’s case, the expansion in active addresses failed to translate into sustained price increases, overridden by the broader negative market sentiment.</p>
<h2 id="forecasting-ethereum-s-market-movements">Forecasting Ethereum’s Market Movements</h2>
<p style="text-align: justify">The recent crossover of short-term moving averages beneath their long-term counterparts indicates a potential for increased price volatility. Historically, such crossovers have preceded bearish periods. Should this pattern persist, a bearish downturn might see ETH testing the $3,000 support level.</p>
<p style="text-align: justify">Although the latest data suggests some positive ETF entries, the lack of a substantial net inflow could disappoint investors anticipating a weekend rebound. BlackRock’s figures, however, could alter the situation if they exceed $200 million. A drop below the $3,000 threshold could expose ETH to the risk of further decline, potentially reaching as low as $2,500, especially if <a href="https://en.bitcoinhaber.net/bitcoin-celebrates-15-years-of-decentralized-financial-revolution" rel="noopener noreferrer nofollow">Bitcoin</a> retracts to the $55,000 range. Nevertheless, without a significant correction, dips below $3,000 may only be momentary.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ethereum-faces-price-volatility-as-market-uncertainty-continues" rel="noopener noreferrer nofollow">Ethereum Faces Price Volatility as Market Uncertainty Continues</a></h5>

Ethereum Faces Price Volatility as Market Uncertainty Continues

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