Ethereum Shock Forecast: ETH Crashes 30% in Two Weeks – Time to Buy?

17.05.2024 07:04 127 times read Reading time: 1 minutes 0 Comments

Ethereum (ETH) Price Analysis: Is a Crash Coming?

The Ethereum (ETH) price has recently fallen below its 20-day exponential moving average, indicating an increase in bearish activity. Despite this, bullish sentiment remains strong and reflects the recent overall market growth. If Ethereum recovers and rises again, it could reach a new monthly high.

According to BeInCrypto | Bitcoin & Krypto News, on May 15th, ETH briefly moved above its 20-day EMA during trading hours but was pushed back down by bears as selling pressure resumed. Currently priced over $3,000 USD within the last 24 hours, if upward momentum continues to falter, we might see further declines towards $2,800 USD.

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Ethereum Shock Forecast: ETH Crashes 30% in Two Weeks – Time to Buy?

A shocking forecast from wallstreet:online suggests that Ethereum may crash by up to 30% within two weeks despite broader market gains led by Bitcoin's strength post-US inflation data release. While BTC surged approximately 6.5%, ETH lagged with only a modest rise of around 3.5%. Over the past fortnight, Ethereum significantly depreciated—losing more than one-third of its value relative to Solana (SOL).

This performance disparity raises questions about whether investors should shift focus toward stronger-performing assets like SOL or consider potential buying opportunities amid current downward trends for long-term positioning given fundamental strengths such as Layer-two adoption improvements under Proof-of-Stake mechanisms, despite facing scalability challenges historically since its inception in mid-2015.

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Article Summary

Ethereum's price has fallen below its 20-day EMA, indicating bearish activity despite strong bullish sentiment; a forecast suggests ETH may crash by up to 30% within two weeks. Investors are considering whether to shift focus to stronger-performing assets like Solana or buy into Ethereum amid current downward trends for long-term gains due to fundamental strengths.

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