Ethereum

Coin

<ul class="news-points"> 
 <li><strong>Analyst Ali Charts predicted that ETH could face a huge price correction soon.</strong></li> 
 <li><strong>ETH’s price rose by 0.49% over the past 24 hours, which left it trading at $1,671.61.</strong></li> 
 <li><strong>From a technical perspective, ETH’s price was in the process of challenging the $1,685 resistance.</strong></li> 
</ul> 
<p>The leading altcoin, <a href="https://coinedition.com/tag/ethereum-eth/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a>, could be facing a massive price correction soon, according to a Twitter post shared by cryptocurrency analyst, Ali Charts. In the post, he predicted that if ETH’s price dips beneath the $1,600-$1,550 bracket, it could lead to a 37%-45% correction that may cause ETH’s price to drop to $1,000.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ethereum</a> | Slipping beneath the $1,600 – $1,550 bracket for <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> might set the stage for a significant 37% – 45% correction, targeting $1,000. <a href="https://t.co/Xmo7Mgfux5" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Xmo7Mgfux5</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1693507725169193156?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 21, 2023</a> 
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<p>In the short-term, ETH was still safe from the steep correction as its price was positioned above the $1,600 level. Data from CoinMarketCap indicated that ETH’s price rose by 0.49% over the past 24 hours. As a result, ETH was trading at approximately $1,671.61 at press time, which was just above its daily low of $1,663.98.</p> 
<p>Meanwhile, the trading volume for …</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/eth-could-face-huge-price-correction-predicts-analyst/">ETH Could Face Huge Price Correction, Predicts Analyst</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

ETH Could Face Huge Price Correction, Predicts Analyst

Coin Edition

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