Will ETH Price Break $3,000 Soon? | Airdrop Alert Pro

Amid the ongoing uncertainty in the crypto market, Ethereum prices continue to lose momentum. It is worth noting that ETH prices continue to hover around $2,600 and have repeatedly failed to break through its resistance level, indicating that the selling point at this level is strong.

Are you one of many people who intend to invest in this digital asset but are worried about its long-term prospects? Read our latest article on Ethereum tokens to reveal possible mysteries!

ETH encrypted records increase price fluctuations!

Ethereum’s price continues to record bearish action, losing 0.73% in 24 hours and 1.84% in the past 7 days. In addition, the largest altcoin has dropped by 19.16% in the past 30 days and the YTD return is -20.16%, highlighting the rise in negative sentiment.

Moving average convergence difference (MACD) records a green histogram rise over the daily time range, with its average recording a similar price trend. This indicates an increase in the positive impact of altcoins in the crypto market.

However, EMA 50/200 days shows the death cross in the Ethereum price chart. In this way, the price of ETH implies the time uncertainty that follows.

Will the ETH price reach $3,000?

Assuming that, in this case, a bullish trend reversal would occur, Ethereum’s price could retest its $2,870 resistance level. Additionally, if bullish sentiment is maintained, this could lay the foundation for the altcoin to move towards its $3,272 upward target this month.

Instead, persistent bearish action can push the price to its $2,530 support level. Additionally, if bearish sentiment intensifies, this could push the price of the Eth Crypto toward its key low of $2,175 in the following time.

Are you wondering if the largest altcoin by market capitalization will reach its milestone price of $5,000 this year? Read our latest information Ethereum price forecast Explore the long-term prospects today!

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