Ethereum Price Prediction: Is the Bull Run Coming to an End?
The expected Ethereum price Prediction 2025 is $10,000
#Ethereum price faced rejection and fell from the $3700 zone, paralleling Bitcoin's downturn.
Over the past 48 hours, $ETH demonstrated a bearish trajectory, dipping below the $3,400 threshold once more.
The daily chart illustrated ETH's breach of a Triangle Pattern with a Long Bearish Candle, indicating a prevailing bearish sentiment.
Sellers' confidence has been reinforced as the current $ETH price trades beneath both the 20 and 50 Day Moving Averages.
A closer examination of the 4-hour chart unveils the emergence of a bearish reversal formation termed a double top.
ETH/USD is currently vulnerable to further declines below the critical $3,300 support level.
Continued descent could potentially lead to support levels ranging between $3,130 and $3,050.
According to Coingabbar Prediction, #Ethereum #Price Prediction 2030 is anticipated to hover around $20,000.
KEY LEVELS :
RESISTANCE LEVEL : $3400-$3470
SUPPORT LEVEL : $3260-$3200
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
