ETH Price Prediction: Crucial Levels to Watch as Ethereum Price at Risk of Further Downfall
ETH Price Prediction: The increasing broader market sell-off and the recent fake breakout from $2000 psychological market caused a significant correction in Ethereum price. In the last ten days, the ETH price lost 15% as it plunged from a $2138 high to the current price of 1822. With no major sign of price reversal, this altcoin is likely to prolong its downfall to a lower level this week advertisement Key Points: The Ethereum price correction to 50% FIB level will still be considered a healthy and higher probability for buyers to resume the prior uptrend. The 100-and-200-day EMAs wavering near 50% FIB at $1700 create a strong accumulation zone. The intraday trading volume in Ether is $8.1 Billion, indicating a 1.58% gain. Source- Tradingview A V-top reversal in Ethereum’s daily time frame chart indicates aggressive selling pressure in the market. Amid this correction, the coin price also breached 26.3% Fibonacci retracement ind...