Ethereum Price Now Flashes First Death Cross Since 2022: Is Another Crash Coming?

If Jerry Sinfield is invested at ETHEREUM price, this will happen: “Do you buy ethereum?”

*Laughing of a muffled laugh*

“Each weekend spends a white reading, learn about gas fees, and you are like: this is all. This is the future. We will turn Bitcoin at any moment now!”

*The audience explodes in an irreplaceable laughter*

[Cue Seinfeld Music]

Early ethereum progress on Bitcoin this quarter. Now trading less than $ 2,500, ETH faces a major turning point; Here is where the following price goes:

ethereum
price
The maximum market
Eth
$ 296.11
24h7D30D1yAll the time

The MVRV ratio of Ethereum indicates modest optimism

The ETHEREUM-THO-THE-TALUE-Value (MVRV) is at 1.16, a little higher than neutral lands. Although this indicates that their holders are in a moderate profit, the Eth is still bound by the basic trend line dating back to 2018.

The story is here That altcoins Do not perform well unless the Federal Reserve reduces interest rates and operates money printers.

In addition to the challenge, Ethereum must overcome the critical resistance level at $ 2575. A strong collapse above this threshold may pay prices about 2850 dollars, but without this momentum, the decline to the support zone of $ 1750 on the horizon can be.

“The profile of the visual scope size highlights the strong historical interest between 2100 dollars and $ 2,300, making this region decisive to the next movement of ETHEREUM.”

In addition, Sharplink Gaming chose approximately 6000 ETH through Galaxy Digital, where $ 14.45 million decreased despite recent fluctuations.

It is a clear bet on the long -term upward trend of Ethereum if he can finally go out.

Political geography and total economic impacts that affect $ ETH

It should not be forgotten, but the war concerns between the United States, Iran and Israel have eliminated $ 701 million of encryption in one day, but Bitcoin and Ethereum quickly revived the ceasefire news. It adds the weakest oil and dollar trends, while ETF flows indicate fixed institutional demand.

It is important to remember that the conflict may be far from the expiry of the reports because the United States has not destroyed Iran’s nuclear facilities and may have ignited another long -term war in the Middle East.

The Unity Coo James Toledano port summarizes: “Decreased oil, price reduction expectations, and ETF flows lead this bounce.”

What is the following for Ethereum price?

Two signs will be decided whether Ethereum or stalls are marches. First, it needs to break $ 2,575 and the contract. Then it must break the long -term MVRV direction line. Do both, and 2,850 dollars come in the offer quickly.

It is crazy to think that, like some of you, I held Ethereum at $ 4000, and that was almost four years ago at this stage. $ ETH holders should feel pain.

[Cue that Seinfeld music one more time, Johnny!]

Explore: Tether Paolo Ardoino says in the positive net from the American elections, says Bitcoin Strategic Reserve

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Main meals

  • Early ethereum progress on Bitcoin this quarter. Trading is now less than $ 2,500, ETH faces a main turning point.

  • All eyes are on Jerome Powell next month. As the rest of inflation and work standards are softened.

Post Ethereum now waged first First Death Cross since 2022: Does another accident come? First appeared on 99bitcoins.

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