Ethereum (ETH), the leading smart contract platform, is highlighted today.
Our analysis looks at ETH’s price prediction for the near future based on analysis from our Discord community. More than 20 analyzes are shared and streamed live here every week.
Technical analysis of Ethereum (ETH) price
The entire crypto market has suffered some losses recently, including Ethereum. However, our analysts recently suggested that the decline was not very exciting and the rise could continue quickly:
“Like Bitcoin and other cryptocurrencies, ETH is currently in a slight correction. Nevertheless, the trend remains positive and we expect higher prices in the short to medium term.
The recent decline marks, in our opinion, a fourth wave in a “12345 Elliott Wave” pattern. Both the second and fourth waves are corrective, meaning we see a temporary setback in these waves. After a local high of $4,093, we saw a decline of around 16% to a low of $3,410.
At this low we have reached exactly a dynamic trend line where we have marked our support zone. We expect the price to rise again from this point onwards and possibly exceed the old all-time high. We are therefore optimistic again for the coming period.”
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Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. These therefore serve exclusively educational purposes.