#TradingTools101 The possibility of a decrease in the price of Ethereum in the coming hours according to some analysts: Here’s why!
The price of Ethereum has recorded a significant increase, rising by 7% over 24 hours, approaching the $2700 level.
However, some analysts have warned of a potential near-term correction that could push the price down by as much as 10%, reaching $2500 or even $2380 if it fails to break the resistance level of $2750.
Analyst “Ali Martinez” pointed to the importance of closing the price or keeping it stable above this barrier, while the Relative Strength Index (RSI) shows a value of 71, indicating that the asset is in the overbought zone and may face a decline soon.
Despite these negative expectations, others see a possible bullish scenario.
“Michael van de Poppe” and “CRYPTOWZRD” expect the price of Ethereum to rise to between $3400 and $3550 if it surpasses the $2800 barrier.
Meanwhile, others, like “CryptoELITES” and “Gert van Lagen,” have gone to more optimistic scenarios, expecting the price of Ethereum to reach $5000 or even $20,000 in the long term.
The price of Ethereum has recorded a significant increase, rising by 7% over 24 hours, approaching the $2700 level.
However, some analysts have warned of a potential near-term correction that could push the price down by as much as 10%, reaching $2500 or even $2380 if it fails to break the resistance level of $2750.
Analyst “Ali Martinez” pointed to the importance of closing the price or keeping it stable above this barrier, while the Relative Strength Index (RSI) shows a value of 71, indicating that the asset is in the overbought zone and may face a decline soon.
Despite these negative expectations, others see a possible bullish scenario.
“Michael van de Poppe” and “CRYPTOWZRD” expect the price of Ethereum to rise to between $3400 and $3550 if it surpasses the $2800 barrier.
Meanwhile, others, like “CryptoELITES” and “Gert van Lagen,” have gone to more optimistic scenarios, expecting the price of Ethereum to reach $5000 or even $20,000 in the long term.
