Analyst say Ethereum price could fall to $1,700 if the current climate prevails
Traders warn that ETH price could fall to $1,700, triggering a “turbo nuke” in altcoins and altering the market structure of a struggling bull market.
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Traders warn that ETH price could fall to $1,700, triggering a “turbo nuke” in altcoins and altering the market structure of a struggling bull market.
Ethereum price is back above its 50-week exponential moving average, a credible support level from the 2020-2021 market boom.
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The number of Ethereum addresses holding at least 1,000 ETH dropped to a four-year low this week.
There is growing data to suggest that the coming few months and years could see Ether truly deliver on its ‘flippening’ promise.
The number of Ethereum addresses holding less than 0.01 ETH and 0.1 ETH has been climbing since early November against an ongoing price correction.
The bearish setup appears amid growing divergence between the Ether price and momentum.
Micro Ether futures join crypto derivatives products including micro Bitcoin futures, Bitcoin futures, options on Bitcoin futures and Ether futures at the exchange.
Ethereum risks dropping to $3,200 as its latest ETH price decline triggers a classic bearish setup.