Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Ethereum: Analyzing whether we see $4.8K in ETH
ALTCOIN NEWS

Ethereum: Analyzing whether we see $4.8K in ETH

By Crypto FlexsJune 10, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum: Analyzing whether we see .8K in ETH
Share
Facebook Twitter LinkedIn Pinterest Email
  • The price of Ethereum has fallen by more than 2% over the past seven days.
  • Indicators show that the price of ETH is close to the market bottom.

Ethereum (ETH) The bearish trend dominated last week as token prices fell. However, this may be the last opportunity for investors to accumulate more ETH while prices are low.

ETH was at an important resistance level, and a break above this level could trigger a massive rally in the coming weeks and months.

Should I Buy ETH Now?

Ethereum suffered a price correction last week, losing more than 2% in value, according to data from CoinMarketCap.

At the time of this writing, ETH was trading at $3,687.02, with a market capitalization of over $442 billion. However, this bearish price trend may change as soon as ETH tests a key resistance level.

Milkybull, a well-known cryptocurrency analyst, recently posted the following: Twitter We disclose this development. A break above the resistance line would trigger a massive rally.

So this may actually be the last opportunity for investors to buy ETH below $3,700 this cycle.

AMBCrypto then checked ETH’s on-chain data to see if investors had taken advantage of this opportunity to accumulate.

According to CryptoQuant analysis: data, ETH’s net deposits on exchanges were lower compared to the past 7-day average, reflecting high buying pressure. However, other data sets have suggested otherwise.

For example, Coinbase Premium for ETH was red. This clearly means that selling sentiment is dominant among US investors.

Coinbase premium for ETH was red

Source: CryptoQuant

Probability of Bull Rally

AMBCrypto then took a closer look at the current state of Ethereum to better understand whether a price increase is possible in the near term.

AMBCrypto’s look at data from Glassnode shows that the price of ETH is nearing the market bottom, according to the Pi Cycler top indicator.

This means that ETH is likely to remain strong over the next few days. If that happens, ETH could soon reach $4,800, which is an optimistic outlook.

Source: Glassnode

We then looked at the 12-hour chart of the token to see what market indicators were suggesting a near-term price increase.

Analysis shows that MACD shows a bearish crossover, favoring the sellers.


read Ethereum (ETH) price prediction 2024-25


The relative strength index (RSI) also remained weak, below the neutral line. These indicators suggested continued price declines.

Nonetheless, Chaikin Money Flow (CMF) has been strong over the past few days, moving north towards the neutral point.

Source: TradingView

Previous: Cryptocurrency Market Weekly Winners and Losers – ORDI, STX, TIA, LDO

Next: Uniswap Decouple on Ethereum: Will UNI Hold $9?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

If Republicans Win, Altcoins Could Do Well, If Democrats Take Back White House, Bitcoin Is a Safe Pick: Alex Kruger

August 31, 2024

Gaming giant Ubisoft adopts blockchain technology as node validator in XPLA ecosystem

March 9, 2024

100 SMA is essential for sustained gains.

August 7, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.