The price of Ethereum aims to decrease to $ 1,600 after its collapse of the similar triangle

While Etherum Price continues to stumbling, a more severe decrease for Altcoin is waiting for the corner or lower. According to Bit Bull, ETH will see that it is drowned to its lowest level at $ 1,600 in the near future.

Ethereum price swings about $ 1,600

Bit Bull shared the encrypted currency analyst Predicting X For ETHEREUM price movement in the short term. According to Bit Bull, Ethereum seems ready to continue to decrease and can decrease to $ 1,600.

Bit Bull depends on its prediction on Ethereum from a similar triangle after prices fell to less than $ 1820. The decline below the triangle style indicates a declining feeling, and the continuation of the previous decline. The price of ETH remains stuck less than 2000 dollars because the decrease below the psychological level was driven by the excitement of technical and technical boxes.

The latest is the low price of ETHEREUM below the triangle style, which leads to new short entries on the original. It confirms the collapse and re -test followed by low trading sizes fears of the most slope ETH correction.

“However, after collapsing and re -testing, ETH now looks down down,” said Bit Bull. “Technically, there is a strong possibility of more negative aspect.”

Regardless of the similar triangle, an additional confirmation of the homosexual feelings appears in the dominance of ETH. According to his analysis, Bit Bull notes that the ETH dominance chart has formed a descending triangle to refer to more landing.

“There is likely to be a re -test towards the upper direction line, but then, we can see another move down,” Bit Bull added.

Standards emphasize the chain of Haboodi feelings on ETH

While the technologies are largely pessimistic, the data on the series tells a similar story about the price of ETHEREUM. Directly from the bats, the active headlines on ETHEREUM have achieved great success in recent months, which exacerbated the issue of low prices.

There is also a decrease in burning ETHEREUM fees while having burned fees for each similar recession. The largest long -term decline may be an increase in ETH supply after the merger event.

Despite negative feelings, ETH is still to $ 4000 to play due to a strong support at $ 1,800. Standard Charterd analyst depends that ETHEREUM will end the year with $ 4,000 after reducing its previous prediction of $ 10,000 by 60 %.

Ethereum Price currently exchanges $ 1,803, as it decreased by less than 1 % during the last day. Weekly charts indicate a similar decrease in ETH by about 1 %, confirming a strong unification base for bruising and beating. The volume of trading in Ethereum is approximately $ 7 billion with whale whale, creating part of the market activity of the original.

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Alio Bokima

Aliyu Pokima is an encrypted journalist and a tattoo of the emerging techniques with talent to cover the stories of needing needle in space. Aliyu offers urgent news stories, organizational updates, and insightful analysis with depth and accuracy. When he does not wander in the plans or the late follow -up, Aliyu enjoys playing guitar guitar, lifting weights and ran the marathon.

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