Ethereum Gloden Cross on the Horizon: Be Prepared for a Rally Above $2400


18 Nov 2023 1:59 PM

Ethereum price consolidates just below $2000, signalling a fine rise to be fast approaching very soon. The constant rejection at the same levels has offered the crypto a huge momentum, which may pave the way for the second-largest crypto to reclaim positions above $2400...

  • Ethereum price is consolidating just below $2000, indicating a potential rise in the near future.
  • The constant rejection at the same levels has given Ethereum momentum to reclaim positions above $2400.
  • Ethereum is struggling to clear the April 2023 highs and is facing resistance.
  • The price has been maintaining a descending trend, but there is a possibility of a fresh upswing.
  • The "Golden Cross" is expected to occur, which could have a short-term bullish impact on the price.
  • The price is believed to regain levels above $2100, but the trend remains bearish in the longer term.
  • The RSI suggests the price is under bearish influence.
  • Some predict a crash similar to March 2020, while others believe the price may drop below $1000.
  • In the short term, Ethereum is expected to rise above $2000 and reach new highs for 2023.

The sentiment of the article is mixed. It highlights the potential for a rise in Ethereum price in the short term due to the "Golden Cross," but also mentions the bearish trend in the longer term and the possibility of a crash.

Go to publisher site

You May Ask

What is the current price of Ethereum?What is the resistance level for Ethereum?What is the significance of the "Golden Cross" for Ethereum?What are the predictions for Ethereum's price in the short term and long term?What factors are influencing the bearish trend in Ethereum's price?

Suggested Reads