Predicción del precio de Ethereum esta semana
After the events of last week, when the cryptocurrency market collapsed, Ethereum tried to recover, but partially succeeded. Having almost reached the price of $3,000, it began a smooth decline down to the levels of $1800-$1900.
However, even after a short period of decline, the cryptocurrency does not intend to continue it. Right now, the price of the token has already exceeded $2,724 on the Binance crypto exchange, in addition, the behavior of the cryptocurrency is showing all signs of an upward trend. This is confirmed by the 100-hour simple moving average, located above the $2,500 mark.
The second cryptocurrency on the market managed not only to break through the bearish "defense" at around $2,600 but also to continue to rise above the resistance level of $2,650. Now that the break above the retracement level has been passed, Ethereum can enlist the support of the $2,700 bulls and get close to $3,000.
If Ethereum does not manage to get sufficient support from the community, after breaking the level of $2900-$2950, it can begin a correction, again falling to $2650-$2700. After that, it may take much longer for it to restore its previous values of $3000-$3500, and even more so, to reach the new ATH above $4362.35.
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