Ethereum’s Sudden Dive
The sentiment in the Ethereum have severely deteriorated during the recent weeks. It prices broke through a support of the upward channel, and are consolidating for a retest of this support. The coin has to recover to $1900, or better to $2000 to cancel a downside scenario. Otherwise, the coin is likely to dive to $1000, which is 40% down from the current prices at $1670. And there are some fundamental for this pessimistic scenario. Vitalik Buterin, Ethereum’s co-founder, cashed out about 600 ETH, worth $1.01 million. Ethereum network is experiencing low activity that also contributed to a downslide of ETH price. Technical signals indicate a possible 30-40% downside. If ETH prices drop below $1500 per coin further drop will become inevitable.
Disclaimer:
The comments, insights, and reviews posted in this section are solely the opinions and perspectives of authors and do not represent the views or endorsements of RHC Investments or its administrators, except if explicitly indicated. RHC Investments provides a platform for users to share their thoughts on financial market news, investing strategies, and related topics. However, we do not guarantee the accuracy, completeness, or reliability of any user-generated content.
Investment Risks and Advice:
Please be aware that all investment decisions involve risks, and the information shared on metadoro.com should not be considered as financial advice. Always conduct thorough research, seek professional advice, and exercise caution when making investment decisions.
Moderation and Monitoring:
While we strive to maintain a respectful and informative environment, we cannot endorse or verify the accuracy of all user-generated content. We reserve the right to moderate, edit, or remove any comments or posts that violate our community guidelines, infringe on intellectual property rights, or contain harmful content.
Content Ownership:
By submitting content to metadoro.com, users grant RHC Investments a non-exclusive, royalty-free license to use, display, and distribute the content. Users are responsible for ensuring they have the necessary rights to share the content they post.
Community Guidelines:
To maintain a positive and respectful community, users are expected to adhere to the community guidelines of Metadoro. Any content that is misleading, offensive, or violates applicable laws and regulations will be subject to moderation or removal.
Changes to Disclaimer:
We reserve the right to update, modify, or amend this disclaimer at any time. Users are encouraged to review this disclaimer periodically to stay informed about any changes.
