Possible Ethereum scenario considering Bitcoin price instability
Possible Ethereum scenario considering Bitcoin price volatility next week.
In my opinion, given the global political and economic events, the renewed US government shutdown, and the market’s lack of confidence in Bitcoin’s price stabilization, Ethereum price will correct to $3,640 after rejecting and breaking $4,000.
In my opinion, given the global political and economic events, the renewed US government shutdown, and the market’s lack of confidence in Bitcoin’s price stabilization, Ethereum price will correct to $3,640 after rejecting and breaking $4,000.
Note
If it breaks through $3,600 and goes below $3,500, the price could drop to the lower levels, even to $3,200. Note that this is not a definite possibility, but it may happen due to the lack of stabilization of Bitcoin fiat and the continued selling pressure.Trade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.