ETH Price Forecast: The Bears Prevail

Last week, ETH jumped to $2,773, but soon declined and was trading in a rather narrow range between $2,550 - $2,650. And early today, it dropped below $2,500 for a short time. However, after Elon Musk tweeted that he owns the BTC, ETH and Doge and he isn't planning to sell, ETH rallied to high of $2,610 and is trading at round $2,570 at the press of time.

 

On the fundamental aspect, the Chicago Mercantile Exchange (CME) will launch options contracts, the underlying assets of which will be microfutures for Bitcoin and Ethereum. Trading in instruments will start on March 28, 2022 after approval by regulators. CME launched Micro Bitcoin (MBT) in May, Micro Ethereum (MET) in December 2021. In both cases, the contract represents a tenth of the underlying asset and is settlement.

 

Santiment - a firm offering study and analytic in crypto area, reported that Ethereum crypto-kitties continue to buy the token of the leading smart contract platform, despite the fact that ETH has fallen in price by almost 10% over the past month.

 

The total capitalization of the crypto market has gone down again and currently stands at $1.69 trillion, while the share of Ethereum is 18.06%.

 

Technical Analysis

From the Weekly chart, this is the eighth week in a row that the price of Ethereum has been below the 50-day moving average. And so far, despite all the attempts of the Bulls, they have not been able to break through this barrier.

 W.png

 

On the daily chart, both RSI and MACD indicators are below the neutral zone. And the price has formed a "descending triangle" pattern, which means a further decline may be ahead. If ETH price breaks below the lower border, it is possible that ETH will retest $2,000 mark again.

D.png


Demo

더 연습하고 싶습니까? 우리의 선물로 데모를보십시오

5000 USDT
연락 주세요.
twitter Telegram

Technical support: [email protected]

리스크 알림 이 회사는 고객에게 제공하는 금융 상품은 가격 차가 계약 (“CFD”) 과 기타 복잡한 금융상품을 포함합니다. 차가계약 거래는 높은 위험성을 갖고 있습니다. 지렛대가 고객님의 자금 상황에 긍정 또는 부정적인 영향을 미칠 수 있기 때문입니다. 차가계약 거래는 모든 투자자에게 적합하지 않습니다. 투자 자본의 완전 손실이 발생할 수 있기 때문입니다. 고객님이 감당할 수 있는 범위를 초과 투자하지 마세요. 복잡한 금융 제품 거래를 시작하기 전에 리스크에 관한 모든 내용들을 반드시 읽어보십시오.

© 2019 Bex500. All rights reserved.

로그인
구글 검증

비밀번호 잊었나요? Google 인증 검색

아직 계정이 없나요?즉시 등록
비밀번호 찾기
60초 후 다시 가져오기
얻다
계정 만들기
60초 후 다시 가져오기
얻다
계정이 있습니까?바로 로그인