Ethereum and the bulk crypto market were closely monitoring Bitcoin’s price movements last week, resulting in a fluctuating trading session that eventually caused ETH to fall by 185. Although ETH is likely to find the support of around $185 in the near term, weakness in the crypto market could cause ETH to fall below this price level, and an analyst said there might even be a low price of $155.
Josh Rager’s terrifying prediction for Ethereum
Over the past seven days, every time ETH visited the $200 region, it faced a sales pressure that indicated that the price zone was a significant level of resistance to the cryptocurrency in the near term. Josh Rager, a popular cryptocurrency analyst on Twitter, shared his thoughts on Ethereum’s price movement in a recent tweet and asked why the current price zone was an important opportunity, despite the belief sought by many analysts and investors before. he explained that he wasn’t. The analyst said:
ETH Update: Some have described it as a mega opportunity, and I’m still monitoring an approved comeback. ETH hadn’t been able to break or hold 20MA for the last six months. VPVR does not yet recommend heavy accumulation at these levels. BB suggests volatility from, be careful.
Mitoshi Kaku: “Ethereum is aiming for $155.”
Another popular crypto analyst on Twitter, Mitoshi Kaku, said the next key level of support is currently around $155:
I’m monitoring critical levels for ETH. Let’s see if investors at ETH continue to give warm support! $155 is an important level.
The eTH’s near-term price movement is likely to be largely dictated by Bitcoin, but experts say eTH falls below key levels of support just below its current price, a capitulation that continues the latest downward trend. may cause an explosion.