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What Can We Expect From the Price of Ethereum (ETH) in the Coming Week?
Crypto weekends are dangerous these days since they frequently conclude on a major negative note. Without a doubt, the present trend is more consolidated than negative. However, a little drag followed by a comeback is possible. However, the ETH price may follow a noticeable downturn in the following days, although it may still trade solidly over $2500. However, what levels would the asset reach if it started a robust rebound? Let’s see what happens!
The Ethereum price looks to have started with a slight rebound from the lows, as the currency flipped and fluctuated over $2500 after stabilizing around $2300. The chance of the price repeating the previous trend is strong in the midst of the bullish movement surrounding the short term trend. If it follows the same pattern, the ETH price may fall again after a significant rebound.
Following a bearish breakout from the falling trend, the price fell sharply but held above the important support at $2500. The RSI in the STF has shifted to the south, indicating a price decrease. In the HTF, on the other hand, the RSi is about to create a massive bullish divergence. Despite the fact that the selling volume is at an all-time high in the near term, the volume remains relatively modest. As a result, a significant increase in purchasing volume may be enough to…
