Possible decline from Ethereum: Experts see the opportunity to get in cheap

Possible decline from Ethereum: Experts see the opportunity to get in cheap

Possible decline from Ethereum

Since Ethereum (ETH) wants to consolidate its recent profits, investors can expect a possible decline before the upward trend is continued. Experts believe that this decline could offer an ideal opportunity to accumulate Ethereum at an affordable price. Crypto market analyst crypto Tony assumes that Ethereum has reached its upper liquidity limit and could fall back to the lower liquidity limit by $ 1,780.

The price of Ethereum is currently $ 1,892.19, which corresponds to a slight decline of 0.75 %. in the last 24 hours. However, Ethereum still recorded an increase of 1.25 % compared to the last seven days and an increase of 9.18 % compared to the last month. These numbers indicate a positive outlook for the price development of Ethereum in the coming weeks or months.

Altcoin Sherpa, a pseudonymous crypto trade analyst, has predicted that the price of Ethereum could increase to almost $ 3,000 before it comes to a withdrawal. This forecast is in accordance with the optimistic mood among crypto investors, who are now moving their focus from stable coins to Ethereum and Bitcoin (BTC). In addition, the support of positive crypto forecasts by Elon Musk further strengthens confidence in the future prospects of Ethereum.