Ethereum Präis ass amgaang weider ze Crash wann DAT geschitt!

De Krypto-Maart ass nach ëmmer konsolidéieren after the crypto crash. In the last couple of days, many day traders took advantage of this consolidation and bought cryptos in their respective support areas. For Ethereum, traders worry that prices risk crashing and slipping below the current support area. Will Ethereum crash down or will Ethereum rebound higher in the coming days? Let’s analyze in this Ethereum price prediction article.

Wat ass Ethereum Crypto?

Ethereum is a blockchain network that was founded in 2015. It has since grown to become the second most important blockchain. Ethereum war deen éischten Netzwierk fir sech z'entwéckelen intelligent Verträg. Also, ETH kéint d'Basis vun dezentraliséierten Uwendungen (dApps) sinn. Tatsächlech ass dës Blockchain e Leader an der net-fungibelen Tokens (NFTs) Arena an dezentraliséierte Finanzen (DeFi) Servicer. Zënter Joeren ass ETH #2 an der Maartkapitaliséierung hannert Bitcoin. Ether is Ethereum’s network native token.

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Huet Ethereum eng Zukunft?

An de leschte Méint gouf et vill Spekulatiounen ob Ethereum eng Zukunft als Blockchain huet. Dëst war haaptsächlech wéinst der Tatsaach, datt de Blockchain, mat sengem héich Gasgebühren a heiansdo niddereg Transaktioun Geschwindegkeet, huet vill Nodeeler am Verglach mat anere modernen Blockchainen.

Nei Blockchaine wéi Cardano, Solana, an Avalanche hunn Virdeeler iwwer d'Ethereum Blockchain, besonnesch wat d'Effizienz an d'Transaktiounsgeschwindegkeet ugeet. Dëst ass haaptsächlech wéinst der Tatsaach datt de Blockchain an der Vergaangenheet op de Beweis-vun-Aarbecht Konsensmechanismus vertraut huet. Elo geet de Blockchain op eng méi effizient Beweis-of-Stake Konsens Mechanismus .

Ethereum Price is RISKY! What’s happening?

Recently, Ethereum prices broke the psychological price of $2,000 and headed towards the last strong support of $1,750. This price is very bullish, as many traders and investors bought Ethereum around that price area previously. In figure 1 below, we can see how prices rebounded back higher when they reached this price area.

Prices should rebound higher from today’s current price of $1,786. If you want to buy Ether, you can do that easily on Bitfinex.

ETH/USD 1-week chart showing the strong support of ETH
Fig.1 ETH/USD 1-week chart showing the strong support of ETH – TradingView

Ethereum Price Prediction – Will Ether Crash to $1,000?

If Ethereum prices fail to rebound higher and break the $1,750 price mark, ETH is expected to continue crashing lower. Prices are expected to reach the next support area of $1,400, where we might see yet another consolidation with another rebound potential. However, ETH reaching $1,000 in the short-term is quite unlikely, as this would mean another 50% crash in prices. This would mean that the crypto market is severely damaged with no real technical advancement in the community.

Ethereum price crash: ETH/USD 1-week chart showing the potential crash of ETH
Fig.2 ETH/USD 1-week chart showing the potential crash of ETH – TradingView


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Source: https://cryptoticker.io/en/ethereum-price-might-crash-further/