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Klejdi encryption analyst indicated this Ethereum pain It has not yet ended, as the second largest encryption was appointed according to the maximum market in another declining direction. Specifically, he warned that ETH still could decrease to 1400 dollars before finding the bottom.
Ethereum may still decrease to up to $ 1,400
in Tradingvief PostKLEDJI stated that Ethereum may decrease to $ 1,400, providing a dumping look for Altcoin, which has Other low -performance generals in higher encrypted currencies. The analyst indicated that ETH lost approximately 12 % of its value in just three days after leaving its last style last Friday.
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He also stated that the ethereum movement and the rest of the encryption market are closely related to Bitcoin. As such, this ETH collapsed is likely to occur, as it decreased with the main encryption decrease to $ 81,300 and already appears Signs of further decline.
Klejdi highlighted in its accompanying scheme that ETH is likely to merge near its current level before continuing to move. However, the graph showed that moving to this goal of $ 1400 would likely happen this month.
Meanwhile, the analyst believes it would be wise to wait for the ETHEREUM price to form another declining pattern before entering the trade. Again again confirmed that there is a strong possibility that ETH will extend A decrease to $ 1400.
Ethereum whales are already surrendered before the expected price collapses. Onchain Analytics Lookonchain platform revealed Eth OG that sold all its holdings. This investor bought 50001 ETH while trading at $ 277 in 2017 and did not sell when he hit Altcoin ATH during the last bull race. The whale started selling last month, and may abandon Ethereum to return any time soon.
ETH will still reach new levels
The Crypto Virtual Bacon analyst is still confident that Ethereum will reach new levels. He pointed out that ETH returned to the main Bear Market Breakout area, as it re -interrogated the range of $ 1700 and 2100 dollars. Altcoin is expected to continue cutting around this short -term range. However, note that Ethereum tends to catch up quickly American Federal Reserve Axes Global liquidity turns.
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Encryption Crypto Patel He stressed that the largest tour of Ethereum is coming. It was stated that the Q2 to the Q4 of this year would be the change of life for ETH. The analyst added that this could be the upper window of the session and advised the market participants not to miss it. Crypto Patel advised that it should accumulate between $ 1900 and 1,300 dollars with a goal between 7000 and 10,000 dollars.
At the time of this report, the ETHEREUM price is traded at about $ 1850, within the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Istock, Chart from TradingView.com
