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.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3100.58 (+0.17%)
Объем 24H $14.246b
Изменеия 24h: 3.08 %, 7d: 6.27 %
Cегодня L: $3088.33 - H: $3122.76
Капитализация $372.449b Rank 2
Цена в час новости $ 2483.87 (24.83%)

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:

Why One Analyst Claims This Latest Ethereum Selloff is an Ideal Buying Opportunity

Ethereum and the entire crypto market saw a sharp downturn, with Bitcoin plunging by over 10% while ETH declined towards $500 This selling pressure has been quite intense and may continue hampering the cryptocurrency in the near-term Where it trends in the near-term will depend largely on whether or not bulls can stop it from breaking below $500 A decline beneath this level would strike a serious blow to the cryptocurrency’s technical outlook The coming […]

2020-11-26 23:00


Ethereum Could Soon Target $800 as Macro Market Structure Builds Strength

Ethereum and the aggregated cryptocurrency market has been seeing immense volatility as of late Yesterday, ETH declined to lows of $427 before finding some strong support that slowed its descent and sparked a sharp rebound The cryptocurrency has been trying to confirm $450 as a level of support throughout the past few days, as this is a crucial level that must be held above for it to see further upside Where the market trends next […]

2020-11-9 22:00


Фото:

Ethereum May Dive to $295 as Bears Strike a Blow to Its Market Structure

Ethereum has seen some intense selling pressure throughout the past few days, which reached a boiling point overnight when its price declined to lows of $330 The cryptocurrency is now stabilizing following this movement, but sellers appear to be stepping up and catalyzing further selling pressure One analyst is now noting that ETH could decline as low as $295 in the near-term This downside movement may come about as a result of the selling pressure […]

2020-9-6 22:00


Фото:

Ethereum Could Set a “Lower Low” if It Breaks Beneath This Crucial Level

Ethereum is now showing some signs of underlying weakness despite seeing some strong price action over the past few days After hovering within the upper region of its long-established trading range, the slight downwards movement seen by Bitcoin and the aggregated market has forced it lower It hasn’t declined beneath any crucial support levels yet, but several sit just below where it is currently trading at One analyst is noting that its closest support is […]

2020-7-11 23:00


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


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum ETF Dreams Dashed? Analyst Says SEC Approval ‘Slim To None’

For investors hoping for a simple way to gain exposure to Ethereum, the road seems paved with regulatory hurdles. The US Securities and Exchange Commission (SEC) has thrown a wrench into plans for spot Ethereum Exchange Traded Funds (ETFs), leaving the future of these investment vehicles shrouded in uncertainty.