Some analysts offer positive expectations in Ethereum’s price movements, while others draw attention to the warnings on technical indicators. While the approaches of market participants are diversity, different analyzes point to various scenarios.
ETH analyst’s opinions
Some analysts operating in the crypto currency market give an opinion that Ethereum will rise in a short time. For example, the analyst Crypto Caesar points out that the price will increase unexpectedly.
Crypto Caesar: “Ethereum price will begin to melt the faces in a short time. We see the most hated rally, we are waiting.”
This approach leads to positive expectations between market players.
Technical Analysis Findings
On the other hand, experts who analyze technical analysis draw attention to different graphic formations. Analyst Bobo states that Ethereum is currently in the triangular formation that is currently falling, and states that there may be a bottom in order to get rid of weak positions in the market.
Bobo: “$ ETH is currently falling in the triangular formation. If the market aims to get rid of weak positions, the bottom can be observed.
In addition, Analyst TED said Ethereum will follow the support levels and support the price of strengthening in global markets. TED indicates that overcoming the resistance level can accelerate the rise movement.
On the other hand, Gordon, who gives signals of decrease in the market share, states that Ethereum approaches the lowest historical levels and the price may fall to around $ 1,100.
Gordon: “Ethereum market share is close to the lowest levels. This shows that the price can go down to around $ 1,100.”
In another view, Merlijn The Trader states that Ethereum’s double peak formation is completed and an unexpected rally may begin. This statement created expectations that sudden movements could be experienced in the market.
In the evaluations, it is understood that the analyzes related to Ethereum and technical warnings are observed side by side. Market participants can act cautiously by closely following both support and resistance levels and global economic developments.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
