Plunge

Ethereum

Bitcoin

<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?

Mục lục

CoinPedia News

Các bài viết khác được xuất bản trên 8 thg 4, 2024

Coinbase Predicts Positive Q2 in 2024. How Will Solana, Polygon, and New Crypto Raboo Fare?

Zeebu Announces Title Sponsorship and “Zeebu Stage” at TOKEN2049 Dubai

Cardano Price Analysis and Wallet Trends

Wormhole Airdrop Starts as Solana Token Hits $3 Billion Market Value

FTX exchange offloads Solana at big discount, raising $1.9B amid creditor repayment efforts

18 RWA Coins Set to Skyrocket in 2024 – Part 2

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!