Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: Coinpedia Fintech News on May 18, 2023, 09:27:53 AM
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Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is currently facing uncertainty as recent price movements fail to inspire confidence among investors. Over the past few weeks, ETH prices have been volatile, experiencing highs that initially seemed promising but ultimately leading to disappointing lows. Despite the bulls' efforts, resistance levels remain unbroken, leaving many crypto investors wondering if the Ethereum price will continue to decline.
As of mid-May 2023, Ethereum is encountering challenges in maintaining its position. Bears have exerted significant pressure, causing the price of Ethereum to follow a downward trend. Recent on-chain data indicates a crossover in the Ethereum taker buy/sell ratio, a signal that has historically signaled a peak in the asset's price.
Notably, the Ethereum Taker Buy/Sell Ratio's 280-Day and 476-Day Moving Averages (MAs) have intersected, attracting attention from market observers. This development adds to the overall uncertainty surrounding Ethereum's future performance.
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When it comes to Ethereum in stabillty it has his own good things and bad things. Bad thing is that transactions are transparent for literally everyone to see, look at Ethescan website, users are getting damaged because of that - violation of privacy. Gas fee is enormous comparing to 2018-2019 years. Good thing is that many projects they rely on ethereum blockchain. Price dumped in 2020 year and it was deciding moment because easy buyers sell and smart buyers and holders keep on believing in Ethereum. Looking now it is almos 2000$ per Ethereum, that is good thing really. Speculation continue about price significantly increase up to $7 630. I am strong believer in Ethereum.