Ethereum

Core

Lido DAO

The post <a href="https://coinpedia.org/price-analysis/ethereum-struggles-at-3500-while-lido-dao-core-prices-display-strength/">Ethereum Struggles at $3500 While Lido DAO, &amp; Core Prices Display Strength!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
No sooner than bears accelerated their pressure over the markets, the BTC price <a href="https://coinpedia.org/price-analysis/bitcoin-slips-below-65000-here-is-only-when-the-btc-price-may-recover/" target="_blank" rel="noreferrer noopener">slumped below $65,000</a> with fewer chances of a recovery. Besides, Ethereum, which has been surrounded with optimism after the recent SEC update, remains self-assured of marking fresh monthly highs. With this, the Ethereum-based tokens, LDO &amp; CORE, have also gained strength but seem to be waiting for the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">ETH price</a> to secure certain levels.&nbsp; 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcRAt_uNAXubOknzaWwUNrNj-yg-Weeyl3ZQVrIZ4AdCVCu7b3G26wxch41HMC9O3whtuVF-FH57cgVGvCR9CUQkrimD2jvy9aPfsOz_zHHmoVRuRjglboERaxoWtiBaUVkNbL0twSkEgCcYex2Iwoqy_Q?key=JsZi6Yqm6pw7VXJsxlwddA" alt="">
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The ETH price is holding crucial support at $3480 and after testing these levels, it has triggered a minor rebound. Technicals suggest the continuation of the recovery phase as the MACD and DMI are about to materialise a bullish crossover. However, the bullish interference is limited, due to which the price may remain consolidated for a while. Further, a notable rise may lift the levels within the upper resistance zone between $3,650 and $3,709. If the bulls sustain here, a rise towards $4000 is imminent.&nbsp; 
What’s Next for Lido DAO &amp; Core Price? 
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The Core price has been sustained within a decisive symmetrical triangle even though it lost one of the important supports during the latest pullback. However, bullish signals have been flashed as the RSI has triggered a healthy rebound after reaching the lower threshold. Therefore, the CORE price is believed to reach the edge of the consolidation, trigger a strong breakout and head towards the upper targets above $2.&nbsp; 
Besides, after a strong recovery, the LDO price is closely consolidating within a range, flaunting the possibility of a bullish breakout.&nbsp; 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdBeDPni97mnyjIlNqaPAtj7nrJYX7tr5yLAKLVXLVP2FQC-MTUqQ6NIm-HZxtnqBtGT-WkYjwdAwlhaQ7i3rDWaN-5gw_15QEdSCRLAu7VAN-QZWhOFuZEzVL-KMk2edPvuWDAnRtrF1oo1Adyqd5WzuF-?key=JsZi6Yqm6pw7VXJsxlwddA" alt="">
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After a brief upswing, the LDO price is consolidating, which indicates the possibility of maintaining a decent upswing towards the upper resistance of the triangle. Unfortunately, the recent pullback has turned the Gaussian channel bearish and the RSI has been diverted from a rising trend. However, the bullish possibility has not waned yet and hence a strong rise above $2.45 is required to squash the bearish narrative.&nbsp; 
Collectively, bears are trying hard to regain their dominance back on the ETH price rally and the Ethereum-based tokens Lido DAO, &amp; Core. However, they may not do so as a major price action is on the horizon, which may revive the Ethereum ecosystem.&nbsp;

Ethereum Struggles at $3500 While Lido DAO, & Core Prices Display Strength!

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