Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
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

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

Despite market volatility

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

HOLONYM’s Human Network: Convert on boarding on boarding on human -friendly keys

June 7, 2025

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 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

HOLONYM’s Human Network: Convert on boarding on boarding on human -friendly keys

June 7, 2025

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025
Most Popular

blue check statement

January 8, 2024

Last blog post | Ethereum Foundation Blog

April 18, 2024

Instagram adds generative AI to change image background

December 14, 2023
  • 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.