Analyst Predicts Ethereum Will Be Bearish Until $2500
CoinEdition
Published May 19, 2021 11:20AM ET
Updated May 19, 2021 11:30AM ET
Analyst Predicts Ethereum Will Be Bearish Until $2500
- ETH will go bearish until the $2500 mark according to technical analyst.
- The second-largest crypto shows bearish movement without signs of stopping.
- On the other hand, crypto poll shows that investors think the bull market is not over.
The second-largest cryptocurrency, Ethereum (ETH) has lost a lot of its value from the recent all-time high price at $4,387. At the moment, ETH is valued just below the $3000 mark according to coin information websites like coinmarketcap.com.
According to Coingape analyst John Isige, Ethereum might go as low as $2500. He mentioned that many technical indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show very obvious bearish signals, as highlighted on the four-hour chart that you can see below.
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