Ethereum

Candle

The post <a href="https://coinpedia.org/price-analysis/eth-price-prediction-will-ethereums-god-candle-hit-5000-with-etf-listing/" rel="noopener noreferrer nofollow">ETH Price Prediction: Will Ethereum’s God Candle Hit $5,000 With ETF Listing?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Following the bullish weekend of a 1.75% jump and a morning star pattern, Ethereum’s price fails to sustain the momentum. With a higher price rejection after a top at $3,518, the ETH price reverts to $3,420.&nbsp;
The delay in the Ethereum ETF listing leads to an anxious market and results in some underlying weakness. Further, the reversal chances in the BTC price arise with the long-wick candle and warn of a crash.
As the anticipations of a God Candle in Ethereum grow old, the reversal chances are looming over. Will the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" rel="noopener noreferrer nofollow">Ethereum price prediction</a> of reaching $10,000 stand correct, or will a correction delay the target? Let’s find out more in our detailed analysis below.
<h2 class="wp-block-heading" id="h-ethereum-price-performance">Ethereum Price Performance</h2>
With a rejection from the peak at $3,518, the daily candle reveals a long-wick formation and ends 1st candle of the month at $3,420. As the increased supply results in a failed breakout of the 50D EMA, the ETH price also struggles to break past the accumulation phase.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfk3iXHTuwnz-gge4tzzckb9nm7vvBjXyogCEQ0qsGOEUqmPXXRVDhjXJpTlG4ulfZSwsuPNokim29bIhjDBwD4zNR2Udf4ZznL6rdm1FHLp-cm_TKwYvmSSc2exe27DiFjpeqgeBnEB2366V29LMTn-agl?key=vVePi6dbTCSZImHqeqxgqA" alt="">
</figure>
<a href="https://www.tradingview.com/x/DXzHJz8q/" rel="noopener noreferrer nofollow">Tradingview</a>
As the retest of the second stage of consolidation breakdown, Ethereum prices may soon revert to the ascending support trendline. Currently, the ETH price trades at $3,447 with minimal growth of 0.26% in the early Asian market hours.&nbsp;
Supporting the bulls, the positive crossover in the MACD and signal lines and the rising 200D EMA promote an uptrend theory.&nbsp;
<h2 class="wp-block-heading" id="h-will-the-eth-price-make-a-god-candle">Will The ETH Price Make A GOD Candle?</h2>
The market anticipations for a God candle in Ether are rising as the ETF listings inch closer. However, the recent reversal warns of a longer wait. Further, delaying the Ethereum ETF timeline, the SEC commented on the S-1 forms and requested another round of submissions by July 8.&nbsp;
As the SEC drags the Ethereum ETF listing, some support the idea of delaying it until a bull market, while others are losing patience. Hence, the chances of a GOD candle in Ethereum are possible on the listing or on the news release of the listing.&nbsp;
Surpassing the present peak at $4,066, the Ethereum price can create a new all-time high at $5,000+ levels. As per the Fibonacci levels, the 1.272 level at $5,581 is a possible target, a 60% rise from the fiat price.

ETH Price Prediction: Will Ethereum’s God Candle Hit $5,000 With ETF Listing?

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