Ethereum News: Predictions of a Major Uptrend with Potential for Correction

Ethereum (ETH) Price Predictions Following the Push Above $2,000

Industry participants suggest Ethereum’s rebound from $2K could mark the start of a major uptrend, with some predicting a surge to new all-time highs above $8,000 in the coming months. Despite bullish momentum, ETH’s rising RSI and increasing exchange inflows indicate potential selling pressure, hinting that another correction might be on the horizon. The second-largest cryptocurrency in terms of market capitalization has been one of the big disappointments of the latest bull run. The price briefly surged past $4,000 in December last year and has been on a massive decline ever since. Earlier this month, ETH collapsed below $1,800 for the first time since October 2023. The pain for the bulls continued as the price remained below $2,000 in the past week or so, but several hours ago, ETH pushed above $2,000 again.

Crypto Pundit Predicts Continued Bearish Trend for Ethereum

Ethereum’s price has remained below $2,000 for the past seven days, with little indication of a significant recovery. Sellers have dominated the wider crypto market since early March. A recent technical analysis using Elliott Wave theory suggests that bearish dominance will continue for Ethereum into the foreseeable future. The analysis highlights the formation of an ABC correction pattern, which could dictate Ethereum’s next major move.

Ethereum (ETH) Price Prediction for March 19

As of now, Ethereum (ETH) is trading at $2,028 after registering a 7.24% increase in the past 24 hours. However, over the last 30 days, the price has seen a decline of 27.78%, reflecting the inherent volatility of the crypto market. With these dramatic short-term fluctuations, traders and investors are keenly watching Ethereum’s technical setup to forecast its near-term trajectory. Ethereum’s recent performance has been a mix of rapid gains and notable corrections, suggesting that while there is short-term buying interest, long-term bearish pressure still lingers.

Vatan Coin: Redefining the Future of Cryptocurrency

Vatan Coin has emerged as a fresh and powerful force in the world of digital assets, offering a unique approach to decentralized finance. Launched recently, this innovative cryptocurrency is already making waves with its rapid growth and exciting potential. Built on the Ethereum blockchain, Vatan Coin aims to bring financial sovereignty and freedom to individuals worldwide. At the heart of Vatan Coin’s mission is the desire to empower people by giving them control over their financial future. Unlike traditional financial systems that are centralized and often restrictive, Vatan Coin leverages the power of blockchain technology to allow users to freely manage and trade their digital assets.