Ethereum Price Forecast: Will the ETH Price Rise Again?
The Ethereum price has recently experienced a significant correction, dropping to around 2,845 USD. Despite this downturn, the price is still at a critical Fibonacci support level around 3,107 USD, which analysts from BeInCrypto consider a potentially bullish sign. However, if this support breaks, the next target could be the 50-week EMA at approximately 2,442 USD.
Technically, the monthly chart for the MACD shows bearish signals, and the crossover in the weekly chart suggests possible further declines. Against Bitcoin, the situation also looks bleak; Ethereum is encountering strong resistance at the 50-hour EMA at about 0.049 BTC.
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Ethereum and Bitcoin in the Grip of Geopolitical Concerns – Halving Ahead
Amid rising geopolitical tensions, both Ethereum and Bitcoin are experiencing volatile trading weeks with significant price fluctuations, as reported by Broker Test. The upcoming halving event for Bitcoin is attracting a lot of attention and could lead to further market changes.
Investors are nervous about the approaching halving, which will halve the reward for miners, thus producing fewer new Bitcoins daily – a development that could theoretically drive the price up or at least cause larger fluctuations.
Bitcoin, Ethereum, Litecoin & Co.: How Cryptocurrency Prices are Developing at Noon
According to a report by finanzen.net, various major cryptocurrencies like Bitcoin and Ethereum are showing different trends throughout the day. These dynamics could be influenced by various global events or simply be part of normal market fluctuations.
This information provides an insight into the current situation in the crypto market and its response to external factors such as political decisions or economic changes worldwide.
