80% Chance That ETH Price May Drop to $2492 Before June, Bruce's Crypto Price Prediction

Mixed Reactions in the Crypto Market Post-CPI Data Release

On May 15, the United States released its Consumer Price Index (CPI) data, prompting varied reactions across the cryptocurrency market. Bitcoin price experienced a notable increase, recording a 6% rise, while Solana price surged by approximately 15%. In stark contrast, Ethereum, despite its status as the second-largest cryptocurrency by market capitalization, saw a modest price increase of just around 3%. This disparity in market performance has raised concerns among investors and analysts regarding Ethereum's short-term prospects. The question arises: does Ethereum face substantial short-term risks?



Analyzing the Factors Behind Ethereum’s Short-term Vulnerability

Several factors contribute to the perceived short-term risks for Ethereum. Primarily, there is a notable lack of liquidity in the broader crypto market. The limited liquid funds available are predominantly flowing into Bitcoin and Solana, leaving altcoins like Ethereum struggling to attract sufficient investment. This liquidity crunch has significantly impacted Ethereum's ability to capitalize on positive market movements.

Moreover, the market is currently saturated with venture capital (VC) coins, many of which have too high fully diluted valuations (FDV). These valuations are deterring retail investors from entering the market, as the high FDV suggests limited upside potential. As a result, some market makers are beginning to liquidate their holdings and exit the market. This trend is particularly concerning for Ethereum, as a significant portion of these VC coins are built on the Ethereum network. The exit of market makers could exert substantial downward pressure on Ethereum price in the short term.

Additionally, the imminent unlocking of numerous cryptocurrencies poses another risk. As these tokens become available for trading, the increased supply could further depress Ethereum’s price. The combination of low liquidity, high FDV coins, and the upcoming token unlocks all present a challenging environment for Ethereum in the short term.

Projected Price Movements of Ethereum and Investment Insights

In light of these factors, there is a significant probability that Ethereum's price may dip below the $2,500 mark in the short term, with an estimated 80% chance of such a decline. In the first wave of decline, ETH price may drop to $2492. If that support level is broken, the price may continue decline to $2163. Under the worst scenario, ETH price may fall to around $1800. Should Ethereum's price fall to about $1,800, it might present a strategic buying opportunity for investors. Despite the short-term risks, the long-term outlook for Ethereum remains positive.

The anticipated short-term decline is likely a result of market makers orchestrating a washout to accumulate more tokens at lower prices. This washout phase, characterized by increased selling pressure and subsequent price drops, is a common tactic used by large market players to consolidate their positions. Once this phase concludes, Ethereum is expected to recover and embark on a new upward trajectory.

Investors should consider this potential price drop as an opportunity to enter the market at a lower cost basis. The underlying fundamentals of Ethereum, including its robust blockchain infrastructure and wide range of applications, remain strong. As the market stabilizes post-washout, Ethereum is likely to resume its growth, driven by renewed investor confidence and continued technological advancements.

For now, selling Ethereum and buying Bitcoin and Solana seems a more rational decision.
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Conclusion:
While Ethereum faces significant short-term risks due to liquidity issues, high FDV coins, and upcoming token unlocks, these challenges are not indicative of a long-term decline. Savvy investors should monitor the market closely and be prepared to capitalize on potential buying opportunities as the price dips. The long-term prospects for Ethereum remain promising, with the current period of volatility offering a strategic entry point for those looking to invest in one of the most influential cryptocurrencies in the market.

Disclaimer: The above content does not constitute any investment advice from BingX. Investing in cryptocurrencies is risky, possibly resulting in the loss of the entire capital. Investors should conduct their own research (DYOR). BingX is not responsible for any losses incurred.

Dimax One – New Leader Of Cryptoarbitrage



Hello dear friends! We are pleased to welcome you to a review of the innovative company DiMAX

Here we will tell and show all the best qualities of the project, the capabilities of which DiMAX is capable, and also why you should choose this particular platform for successful crypto arbitrage!

DiMAX



The company was founded in 2021 by a group of specialists and professionals in the crypto field, headed by Ben Robinson. Thanks to unconventional strategies and unique tactics, the company was able to capitalize more than $400,000,000 by 2023 and open its doors to clients from all over the world.

In May, DiMAX completed the development of his platform, which made it possible to attract clients from all over the world online. New users quickly saw the full potential and enormous capabilities of DiMAX.

Thanks to this, investors, and active work, the company's capitalization exceeded $1 billion by October 2023.

DiMAX scam or legit?



So how does the company and its clients make money?

The main idea of DiMAX is as simple and effective as possible – it is selling usdt on the exchange for fiat usd, and then exchanging this fiat on the official Tether holder for USDT at a rate of 1 to 1.

For example, we sell 1000 USDT on the Kuna exchange at the rate of 1.019 and get 1019 dollars. Then we change these 1019 dollars on the Tether website for 1019 USDT. Profit 19 USDT !

Thus, for 1 circle the company receives up to 1,9% profit.

And the most important thing is that all these operations take place on one tab of the site and do not require accounts on exchanges, connections to Tether , commission calculations, liquidity analysis, etc. All these difficulties are taken care of by DiMAX.

What is the benefit of the company you ask? It's very simple – DiMAX takes a 10% commission from your profit for all the risks and difficulties that are possible during arbitration. And this is precisely why it is so profitable to work with the company.




Is this legal?

After being popularized for several months now, Dimax has been under the close attention of many experts in the world of cryptocurrencies. We wouldn't be sure about Dimax if we didn't check many factors:

1 The company's capitalization is more than 930 million US dollars (this can be checked on the official website of the UK government ).

2 We visited the real office of the company at the address 10 Lower Thames Street, London and saw their work live.

3 The opportunity to do arbitrage on the usdt coin on your own, albeit with great difficulty, without a company, which indicates a real way to make money.

4 The company takes part of your profits and makes money on it.

It is also worth mentioning the company's referral program, which helps it expand and attract more and more new users.

It allows you to receive up to 16% from your friend's referrals on an ongoing basis.

Conclusion



Therefore, I can confidently say that this company will be consistently profitable for several more years. Don't miss your chance to take advantage of this young and fast-growing company.

Dimax is really one of the most profitable and reliable companies in the world of cryptocurrencies.

Don’t miss this opportunity Click here to get started now

Contact @DimaxAsh on telegram with any questions

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