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

想進行練習嗎?到模擬交易使用我們的贈金

5000 USDT
聯繫我們
twitter Telegram

Technical support: [email protected]

風險提示 該公司為客戶提供的金融產品,包括差價合約(“CFD”)和其他復雜的金融產品。差價合約交易具有高風險性,因為槓桿可能會對您的資金狀況產生積極和消極的影響。差價合約交易並不適合所有投資者,因為可能導致投資資本的完全虧損。不要投資超過您能承受的範圍。在開始復雜的金融產品交易之前,請務必閱讀有關所有風險。

© 2019 Bex500. All rights reserved.

登入
谷歌驗證

忘記密碼? 找回谷歌验证

還沒有帳號?立即註冊
找回密碼
60秒後重新獲取
獲取
註冊帳戶
60秒後重新獲取
獲取
服務條款隱私政策
已有帳號?立即登入