Цена Етереум (ЕТХ) is continuing to swing sideways as traders continue to be confused about whether or not the цриптоцурренци market has reached its bottom. In the wake of the ФТКС scandal, analysts are of the opinion that the market has already reached its lowest point and is due for a trend reversal.
Can Ethereum (ETH) Break Resistance?
Док је цена од Bitcoin is continuing to be under pressure due to worries of miner capitulation and bankruptcy filings, Ethereum is showing strength by gaining close to 9% in the past week with a possibility of rallying towards the $1,550 price zone.
With the U.S. Bureau of Labor Statistics today released November’s Индекс потрошачких цијена (CPI) data of 7.1%, down from 7.7% in October, Ethereum broke past $1300 to hit $1325 where it currently trades and faces stiff resistance.
Опширније: Инфлација ЦПИ у САД пала је на 7.1%, цена биткоина и етеријума скочила до неба
While the Ethereum (ETH) price shows strength at these levels and can hold on to it, traders and potential buyers can drive the price of the алтцоин to revisit the $1420 mark, a 7.5% high from its current market price.
Furthermore, popular crypto analyst Michaël van de Poppe, predicts that Ethereum can even surpass the $1420 mark and potentially hit $1550, if it’s able to break past the resistance.
#Етхереум faces crucial resistance here, which is the area at $1,325 to break.
If that breaks, we can see $1,550, possibly.
Support to hold; $1,280-1,300. pic.twitter.com/eEdG3VJP86
- Мицхаел ван де Поппе (@ЦриптоМицхНЛ) Декабрь 14, 2022
Data Shows Price Rally Due
According to historical data, Ethereum has recorded consistent year-on-year (YoY) growth throughout the earlier three Christmases, with the last one being $4093 on December 25, 2021.
Опширније: Аналитичар предвиђа повлачење пре него што биткоин бик трчи
Also, if technical parameters are considered, the Ethereum chart clearly shows that the ЕТХ цена is due for a rally. Its relative strength index (shown in purple) dropped below 30 in early November and has now gradually been going up again.
In addition, ETH’s 30-day покретни просек (shown in red) has lagged behind its 200-day average (shown in blue) for the entirety of the year, indicating that a change towards more favourable price movement is long overdue.
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Source: https://coingape.com/crypto-expert-predicts-ethereum-eth-price-range-time-to-buy/