Could a 10% Drop In Ethereum’s Price Occur if This Event Takes Place?
After a series of setbacks and stagnant markets, both Bitcoin and Ethereum prices are holding steady
Ethereum has been trading sideways between $1,550 and $1,725 for the past month. Volatility has been low, limiting significant price movements
Ethereum currently finds critical support near $1,595, but it faces a tough resistance at $1,800. The fate of this recovery hinges on US interest rates and crypto market volatility
The crypto market is experiencing a period of low volatility, and there's negative news as Maker DAO considers moving to a Solana-based ecosystem
Bearish Scenario for Ethereum: Sideways movement could lead to a drop below $1,545, with the potential to reach $1,435
Bullish Scenario for Ethereum: Ethereum needs to break above $1,630 for a relief rally. A decisive move beyond $1,760 on daily charts is crucial for a sustained rally.