Ethereum to US$1.8k or US$1.4k? ETH Price Troubles Investors!
The Ethereum price is quite indecisive, making investors worry about future investments
The Ethereum price has been climbing quite rapidly, erasing all past losses. The Fed’s initiatives to approve another large interest rate increase to combat inflation also failed to drastically reduce the market value of Ethereum. Currently, at the time of writing this article, the Ethereum price is revolving around the US$1,700 range, which, unfortunately, is scaring away investors. Based on current speculations, the Ethereum price is struggling to move past a significant resistance level. Its value has been congested to the US$1.7k range for quite a while, and now if the ETH price is unable to overtake this range, it is most likely that the price of Ethereum will dive again, and might find resistance around the US$1,400, again. Experts termed this as Ethereum’s indecisiveness, which is bringing nothing for trouble for the ETH investors.
Ethereum has been trading past its model price zone for quite a while right now. Nevertheless, some experts predict that 2022 will be a crucial year for Ethereum, as they believe the emerging Ethereum Merge might double or even quadruple after the launch of the protocol. Followed by the launch of this upgrade, other altcoins are also expected to experience price growth. It will mostly be triggered by the ‘triple-halving event’. The ETH 2.0 upgrade would involve reducing the ETH supply in circulation through a process called burning, thus generating immense deflationary pressure on the network. This scarcity will make the prices of Ethereum skyrocket quite soon. But the real question is, what happens if Ethereum fails to abide by these predictions and eventually plummets? However, if it happens, the situation might trigger another sell-off season for the digital assets.
Ethereum price is intensely volatile right now
Recent reports about the Ethereum price prediction reveal that the crypto’s market value is being intensely impacted due to the buying pressure from the investment community. Even though this might indicate positive momentum, investors will always have to base their investment strategies on keeping in mind the long-term prospects of cryptocurrencies. Ethereum still needs to reach the flip side of US$1,800 to gain a support floor and recover from previous losses. Investors and developers are considering the ‘Merge’ as the biggest change that the crypto industry will experience. It will turn the Ethereum network into a more efficient and sustainable means of transactions. In that case, the Ethereum price will definitely retest the US$2,000 range.
In a nutshell, positive speculations continue to dominate the price actions of the cryptocurrency and investors expect ETH to scale higher in the upcoming months. Based on reports, there are several reasons why Ethereum dropped, like the crypto market tracking the stock market, increased mainstream adoption that led to higher regulatory impositions, and intense sell-off pressures due to the existing inflation crisis. But since the second-largest cryptocurrency in the market recovered, it successfully drove the value of the entire digital asset market, giving high hopes of positive price movements in the crypto market.
So, will Ethereum’s value decline or head towards US$2,000?
Well, it might be quite impossible to accurately answer this question because the crypto market is intensely volatile at this point. Even though Ethereum is steady on its recovery journey, Bitcoin, the largest cryptocurrency in the market continues to struggle to retain a decent price resistance, which is in turn, interfering with investor sentiments. For quite a long period, the ETH token has been ranging between the US$1,400 to US$1,700 resistance. Currently, we can only hope that the Ethereum price does not plummet below the US$1,400 range, and continues to strive further to reach its ideal price zone.
The post Ethereum to US$1.8k or US$1.4k? ETH Price Troubles Investors! appeared first on .
The Ethereum price is quite indecisive, making investors worry about future investments
The Ethereum price has been climbing quite rapidly, erasing all past losses. The Fed’s initiatives to approve another large interest rate increase to combat inflation also failed to drastically reduce the market value of Ethereum. Currently, at the time of writing this article, the Ethereum price is revolving around the US$1,700 range, which, unfortunately, is scaring away investors. Based on current speculations, the Ethereum price is struggling to move past a significant resistance level. Its value has been congested to the US$1.7k range for quite a while, and now if the ETH price is unable to overtake this range, it is most likely that the price of Ethereum will dive again, and might find resistance around the US$1,400, again. Experts termed this as Ethereum’s indecisiveness, which is bringing nothing for trouble for the ETH investors.
Ethereum has been trading past its model price zone for quite a while right now. Nevertheless, some experts predict that 2022 will be a crucial year for Ethereum, as they believe the emerging Ethereum Merge might double or even quadruple after the launch of the protocol. Followed by the launch of this upgrade, other altcoins are also expected to experience price growth. It will mostly be triggered by the ‘triple-halving event’. The ETH 2.0 upgrade would involve reducing the ETH supply in circulation through a process called burning, thus generating immense deflationary pressure on the network. This scarcity will make the prices of Ethereum skyrocket quite soon. But the real question is, what happens if Ethereum fails to abide by these predictions and eventually plummets? However, if it happens, the situation might trigger another sell-off season for the digital assets.
Ethereum price is intensely volatile right now
Recent reports about the Ethereum price prediction reveal that the crypto’s market value is being intensely impacted due to the buying pressure from the investment community. Even though this might indicate positive momentum, investors will always have to base their investment strategies on keeping in mind the long-term prospects of cryptocurrencies. Ethereum still needs to reach the flip side of US$1,800 to gain a support floor and recover from previous losses. Investors and developers are considering the ‘Merge’ as the biggest change that the crypto industry will experience. It will turn the Ethereum network into a more efficient and sustainable means of transactions. In that case, the Ethereum price will definitely retest the US$2,000 range.
In a nutshell, positive speculations continue to dominate the price actions of the cryptocurrency and investors expect ETH to scale higher in the upcoming months. Based on reports, there are several reasons why Ethereum dropped, like the crypto market tracking the stock market, increased mainstream adoption that led to higher regulatory impositions, and intense sell-off pressures due to the existing inflation crisis. But since the second-largest cryptocurrency in the market recovered, it successfully drove the value of the entire digital asset market, giving high hopes of positive price movements in the crypto market.
So, will Ethereum’s value decline or head towards US$2,000?
Well, it might be quite impossible to accurately answer this question because the crypto market is intensely volatile at this point. Even though Ethereum is steady on its recovery journey, Bitcoin, the largest cryptocurrency in the market continues to struggle to retain a decent price resistance, which is in turn, interfering with investor sentiments. For quite a long period, the ETH token has been ranging between the US$1,400 to US$1,700 resistance. Currently, we can only hope that the Ethereum price does not plummet below the US$1,400 range, and continues to strive further to reach its ideal price zone.
The post Ethereum to US$1.8k or US$1.4k? ETH Price Troubles Investors! appeared first on .
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