Plunge

Ethereum

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<p>The post <a href="https://coinpedia.org/price-analysis/will-eth-price-reclaim-4k-or-plunge-to-3k-ahead-of-the-bitcoin-halving/">Will ETH Price Reclaim $4K Or Plunge To $3k Ahead Of The Bitcoin Halving?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The cryptocurrency industry continues to display a significant fluctuation in valuation, indicating an increased price action in the market. Further, the leader of altcoins, Ethereum price has gained massive attention from the industry by adding approximately 3% within past hour.</p> 
<p>With the <a href="https://coinpedia.org/beginners-guide/what-is-bitcoin-halving/">Bitcoin Halving</a> days away, the consolidated market sentiment indicates the rise in the number of Hodlers in the industry, highlighting a positive outlook for the crypto space during the upcoming months.</p> 
<h2 class="wp-block-heading" id="h-eth-price-hints-at-a-bullish-price-action">ETH Price Hints At A Bullish Price Action!</h2> 
<p>After trading in a closed range between $3,881 and $4,068 for over a week, the bulls lost momentum, and started trading under a bearish influence, resulting in the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/">Ethereum price</a> recording a correction of 22.59% within the next seven days.</p> 
<p>After testing its low of $3,149, the bulls regained momentum and jumped 12.25% before facing rejection above the resistance level of $3,472. Since then, the Ethereum token has been trading in a consolidated range between $3,274 and $3,666, indicating a weak price action for the star altcoin in the crypto industry.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/LX6sjKZxTzB7UxxBgrLOx-c2Kgnn4_o2o93ShvnNz-SKOalVpHlNCHjnWZvOlRE4HuJTs6G3LHehjRH_sHvjWnvUxV-F33sI6v1btT6igzUChmP9PhDZUEwt8XIjk7tNaEwNKChMppbbOKkXJRjW8QQ" alt="Ethereum Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: ETH/USDT
 </figcaption>
</figure> 
<p>The Cross EMA 50/200-day displays a high possibility of a Golden Cross, indicating a strong bullish outlook for the altcoin during the coming time.</p> 
<p>On the other hand, the MACD shows a constant green histogram, highlighting increased buying-over-selling pressure in the crypto industry. Moreover, the averages display a steady rise, suggesting the price will continue gaining value during this week.</p> 
<h2 class="wp-block-heading" id="h-will-ethereum-price-increase">Will Ethereum Price Increase?</h2> 
<p>If the market holds the price above the support level of $3,472.75, the bulls will continue trading under a bullish sentiment and test its resistance level of $3,666.11 by the coming weekend. Moreover, if the bulls hold the price at that level, it will prepare to test its upper level of $3,881 during the upcoming week.</p> 
<p>Negatively, if a trend reversal occurs, the bulls will lose momentum and fall to test its support level of $3,274 this week. Furthermore, if the bears continue to dominate the market, it will continue bleeding and prepare to test its lower support level of $3,149.</p>

Will ETH Price Reclaim $4K Or Plunge To $3k Ahead Of The Bitcoin Halving?

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