Ethereum price prediction: Drop to $2,500 can’t be ruled out

Ethereum price prediction: Drop to $2,500 can’t be ruled out
фото показано с : invezz.com

2022-1-22 06:41

Ethereum (ETH/USD) suffered a harsh reversal in the overnight session as worries about regulations continued. The pair declined to a multi-month low of $2,860, which was about $1,000 below its all-time high. 

Regulatory concerns

Ethereum and other cryptocurrencies crashed sharply in the overnight session. Bitcoin fell below $40,000 while the total market value of all cryptocurrencies fell below $2 trillion. 

The decline happened as investors remained concerned about regulations of the sector. On Thursday, it was revealed that a Russian regulator had suggested that the country should ban cryptocurrencies. If this happens, Russia will join the likes of China which have already banned the coin.

There were also regulatory concerns in the United States after the Federal Reserve released a paper on Central Bank Digital Currency (CBDC). The bank’s officials have been torn about the viability of such a project. 

Meanwhile, in Europe, a regulator urged governments to ban cryptocurrency mining in the region. He argued that governments should work to promote a proof-of-stake approach and ban all mining operations because of their power usage.

Ethereum price also declined because of the rising concerns about the Federal Reserve. The Fed has been relatively hawkish in the past few months. There is a likelihood that the bank will implement at least three rate hikes this year. 

Historically, risky assets like Ethereum and Bitcoin tend to do well in a period of low-interest rates and then lag when they start rising.

Ethereum price prediction

The daily chart shows that the ETH price has been under intense pressure in the past few months. The coin has crashed by more than 40%, meaning that it is in a double bear one. It has dropped below the 25-day and 50-day moving averages (MA). Also, the Relative Strength Index (RSI) has moved to the oversold level. 

Therefore, there is a likelihood that the Ethereum price will keep falling as bears target the key support level at $2,500.

La notizia Ethereum price prediction: Drop to $2,500 can’t be ruled out era stato segnalata su Invezz.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Ethereum (ETH) на Currencies.ru

$ 1923.98 (+0.32%)
Объем 24H $12.613b
Изменеия 24h: -0.58 %, 7d: 0.14 %
Cегодня L: $1915.67 - H: $1923.98
Капитализация $232.191b Rank 2
Цена в час новости $ 2483.87 (-22.54%)

ethereum declined multi-month pair continued low regulations

Источник: invezz.com

ethereum declined → Результатов: 126


Ethereum Supply Shock Deepens: Exchange Reserves Decline 18% In 5 Months

As Ethereum’s price approaches new all-time highs, the coin’s supply shock seems to be deepening with exchange reserves declining 18% in the last five months. Ethereum Exchange Reserves Are Down 18% In The Last 5 Months As pointed out by a CryptoQuant post, ETH’s exchange reserves seem to have declined a lot in the last few months, signaling that a supply shock might be brewing in the crypto.

2021-10-30 22:00


Фото:

Ethereum Narrowly Avoids a Breakdown; Here are the Levels to Watch

Ethereum and the entire cryptocurrency market faced some turbulence yesterday as Bitcoin declined beneath its range lows of $9,000 This movement proved to be short-lived, as the buying pressure found here quickly propelled the cryptocurrency back up into its long-held trading range Although this hasn’t provided the markets with any clear direction, it did allow ETH to narrowly avoid posting a major breakdown The second-largest crypto was able to bounce at a critical support level, […]

2020-6-26 23:00


Фото:

Ethereum’s Price Action Could Resemble a “Car Crash” if it Breaks Below $190

Ethereum has once again declined back down to its long-held consolidation channel around $200 The cryptocurrency is now showing some signs of weakness as it continues performing poorly alongside Bitcoin and most other major altcoins This weakness could soon lead it down to a key support level that must be maintained by buyers A failure for ETH to hold above this level could mean a “car crash” style decline is imminent, according to one analyst […]

2020-5-23 23:00


Фото:

This Macro Trend Signals Ethereum Will Soon Reach $40, Notes Analyst

Ethereum has seen all of its recent upswings grow weaker throughout the past several months Underlying weakness amongst ETH buyers could be enough to lead the cryptocurrency to as low as $40-50 by the end of 2021 Ethereum, like Bitcoin and most other cryptocurrencies today, has further extended the downwards momentum that was first sparked yesterday when the crypto lost its recent momentum and declined from highs of $190. This current weakness appears to be […]

2020-4-21 23:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum price breaks $1,900: is BitMine’s buying slowdown a warning?

Ethereum (ETH) is the second-best performer among the top 10 cryptocurrencies by market cap, up by nearly 3% in the last 24 hours. The positive performance has seen ETH cross the $1,900 level despite institutional treasury company BitMine Immersion Technologies (BMNR) easing its pace of ETH accumulation while continuing an aggressive share buyback program.