Ethereum (ETH), the leading smart contract platform that underpins DeFi and NFTs, is celebrating today.
We dive into ETH price prediction, with analysis our Discord environment. Here we share the latest market analysis and insights with 1,500+ members first.
Technical analysis of ethereum (ETH) price
Ethereum seemed to be heading rapidly to $5,000 earlier this year, but then fell sharply and recently fell below $3,000. However, the $5,000 goal is still in sight, the analysts explained recently in the Discord group:
“ETH has landed exactly where we expected, in the blue area between the 50% and 61.8% Fibonacci levels, or an area between $2,900 and $3,130. This is where Ethereum could have reached its lowest point and gathered the necessary liquidity.
We do not expect many surprises for the price in the short term and we remain positive about the long term. As soon as the price starts to rise again, we will return our focus to targets around $5,000.
This shows us that despite the recent decline, ETH is maintaining its strength and we remain optimistic about future price developments.”
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Disclaimer: Investing involves risks. Our analysts are not financial advisers. Always consult an advisor when making financial decisions. The information and recommendations provided on this website are based on the insight and experience of our own analysts. So these are for educational purposes only.
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2024-04-21 16:48:55
#Ethereum #ETH #exchange #rate #today
