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The Cryptocurrency Analyst Doctor Profit, who called the Ethereum screenshot, now provides a stubborn perspective for ETH. Based on its analysis, there may be a great time to buy an ethereum, which has so far worse other best cryptocurrencies.
The analyst claims that ETH is now underestimated after the Ethereum prices drop
IN X PostDoctor Zysk stated that ETH is now underestimated after the Ethereum prices drop. He noticed that the leading Altcoin sits in Historical support At USD 1800, the same support that ETH would drop. With this huge correction and fear on the Ethereum driving market to this level of support, the analyst claimed that Altcoin was underestimated.
His analysis suggests that now there may be a great time for the ETH gathering, because the price of Ethereum can affect this historical support. Indeed, some investors already exploit this huge correction as an opportunity Remove more coins. Intotheblock data show that the Ethereum “concentration” record is currently stubborn, which indicates that ETH whales add their position.
In addition to the doctor’s profit, the Astronomer cryptographic analyst also believes that ETH is currently underestimated and predicts that The price of Ethereum can visit $ 4,000 again. He emphasized several technical signals that indicate that the leading Altcoin can achieve these ups. The analyst also referred to support of 1,800 USD, noting that this range was a historically a price recovery pad.
However, Kledji’s cryptographic analyst provided that The price of ethereum may still fall up to $ 1,400 before reflection. He stated that ETH is probably consolidating in this respect for some time before 1400 USD is approaching this month. His analysis suggested that leaving Altcoin depended on Bitcoin’s performance. Therefore, if BTC recovers in this range, ETH will be unlikely to drop to 1,400 USD.
ETH’s domination is falling, but history may happen again
In the post x, Rekt Capital cryptographic analyst He revealed that the ETH dominance dropped from 20% to 8% from June 2023 as a result of the Ethereum prices drop. He then noticed that the domination of Ethereum historically reversed this 8% zone to become more dominant on the market. The analyst then raised the opportunity to repeat the story, and Eth returned well and enjoyed higher market dominance.
Cryptographic analyst Crypto Patel He is also convinced that the price of Ethereum will soon be reborn. His accompanying table showed that ETH can affect this support worth 1,800 USD and enter the 3rd chart of Wyckoff, sending its price up to USD 6800, modern all time (ATH).
Related reading: Ethereum Price: The analyst provides “the most hated rally in crypto”
At the time of writing this text, the price of Ethereum is about USD 1800, which is over 1% in the last 24 hours, according to data with coinmarketcap.
A distinguished picture from Unsplash, tradingview.com chart
