ETH Price Prediction: Ethereum Price Consolidating along $1855 and $1700. Can ETH Hit $2000?
Join Our Telegram channel to stay up to date on breaking news coverage Over the past week, the price of Ethereum has been hovering between the levels of $1855 and $1700, creating a narrow range. This consolidation phase was anticipated to revive bullish momentum, but due to the growing fear, uncertainty, and doubt (FUD) in the cryptocurrency market, the coin’s price has continued to move sideways. Despite the uncertain market conditions, traders interested in investing in Ethereum can still seek entry opportunities. The combined resistance of the downsloping trendline of the symmetrical triangle pattern and the monthly barrier of $1700 was broken by a massive breakout during the Ethereum price recovery rally. This breakthrough provided buyers with a critical launchpad to extend the ongoing rally. However, after a rapid rally, it’s normal for asset prices to consolidate or pull back to verify stability at higher levels. As a result, the ETH price has been movi...