Ethereum Stuck Around $3K; Will ETH Record a Bull Run Soon?

Ethereum Stuck Around $3K; Will ETH Record a Bull Run Soon?

Read more about the expected price trend and future ETH forecast!

ETH Price Chart

Since the coin is struggling to hold the $3000 mark, there is a clear outlook that ETH is stumbling, which is also indicated by the fear and greed indicator. The price trends indicate a breakdown after it has taken place, but the probability now indicates a breakout. If ETH manages to subdue the 100 DMA curve, the price will move beyond $3000 on the immediate scale.

RSI has moved down and faces a stiff consolidation despite the falling price. RSI indicator has maintained a stance between 35 to 50 on time. Breaching the 100 DMA curve could turn the tables for buyers, push ETH valuations above $4000 and contribute to long-term price indications.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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