Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum)
Price Might
Tank 15%:
Here s Why
Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum) has experienced a modest 1% price increase over the past 24
hours, reflecting the broader cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта market’s uptrend. This rebound
comes after a week-long decline, largely attributed to political tensions in
the Middle East.
Although the rally offers temporary relief for ETH holders, BeInCrypto’s
analysis• Математика » Математический анализ indicates it may be short-lived. Weak on-chain demand and a
persistent bearish sentiment surrounding the altcoin suggest that the recovery
could struggle to maintain momentum.
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Witnesses Poor Demand
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The negative readings from ETH’s price daily active address (DAA) divergence
reflect the poor demand for the altcoin among market participants. This
metric, which measures an asset’s price movements with the changes in its
number of daily active addresses, is at -70.34% at press time.
For context, DAA have remained negative despite its price rally since last
weekend. Historically, when an asset’s price rises while active addresses
decrease, it s considered a sell signal. This suggests the rally is
driven by speculation rather than real demand, implying that the price surge
may be short-lived.
Read more: How to Invest in Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs?
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Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Price Daily Active Address Divergence. Source: Santiment
Furthermore, Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum s Parabolic Stop and Reverse (SAR) indicator,
which helps identify trend direction and potential reversal points, reinforces
the bearish outlook. Currently, the indicator s dots are positioned
above ETH s price.
When the Parabolic SAR dots appear above an asset s price, it signals
downward pressure and suggests that the trend is likely bearish. Traders
typically view this as an indicator to hold or consider initiating short
positions, expecting further price declines. Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Parabolic SAR. Source:
TradingView
ETH Price Prediction• Математика » Прикладная математика » Прогноз: August 5 Low on the Horizon
The Parabolic SAR dots above the price can act as a form of dynamic
resistance. If the price tries to rise, it might face selling pressure near
these dots, reinforcing the bearish trend.
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These dots currently rest at $2620, suggesting that ETH will face a surge in
selling pressure once it approaches this level. If selling pressure
strengthens, Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s price risks falling 14% to its August 5 low of $2,116.
Read more: Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum) Price Prediction• Математика » Прикладная математика » Прогноз 2024/2025/2030 Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Price
Analysis• Математика » Математический анализ. Source: TradingView
However, if it witnesses a resurgence in demand, ETH may break above the
resistance formed at the $2,700 price level and target $3,338.
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Disclaimer
In line with the Trust Project guidelines, this price analysis• Математика » Математический анализ article is for
informational purposes only and should not be considered financial or
investment advice. BeInCrypto is committed to accurate, unbiased reporting,
but market conditions are subject to change without notice. Always conduct
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