Ethereum Price Prediction, Will ETH Hit $3,000 In September? As Cutoshi Takes Market By Storm
The post Ethereum Price Prediction, Will ETH Hit $3,000 In September? As Cutoshi Takes Market By Storm appeared on BitcoinEthereumNews.com.
Ethereum and the broader crypto market have experienced a sharp downturn after geopolitical tensions increased in the Middle East. Ethereum (ETH) has seen red candles for six consecutive days. However, the famous crypto whale ‘7 Siblings’, which holds assets worth over $2.2 billion, acquired over 28,000 ETH, valued at $66 million, during the recent downturn at $2,350. This has sent Ethereum investors into fear, uncertainty, and doubt. Investors doubtful of Ethereum’s recovery are jumping in on the new utility memecoin on the Ethereum network, Cutoshi (CUTO). Investors are getting in early on this new token to maximize their potential for hundredfold gains. Ethereum (ETH): Long Traders Keep Getting Trapped Ethereum (ETH) has been in a major downtrend since its 52-week high of $4093.88 in March. The current market price for Ethereum is $2,324.88. Over the last 24 hours, Ethereum’s price has dropped substantially by 5%, and its daily volume has also decreased by over 12%. Ethereum’s (ETH) value has dropped over 12% this week after being unable to break the resistance level of $2704.73. Ethereum is trading below the 20-day and 50-day Simple Moving Averages. The Relative Strength Index of 37 implies that Ethereum is going in the oversold regions. The bearish pressure should start to decline here, and bulls may come in with volume at the support level of $2249.88. If this support fails, another support lies at the $2163.38 price mark. However, The Moving Average Convergence and Divergence (MACD) indicator crossed the zero line today, indicating increasing bearish momentum. Cutoshi (CUTO): The Ethereum-Based Utility Token Set For Exponential Growth Cutoshi (CUTO) is getting massive attention amid uncertain market action due to its fun nature and practicality. Cutoshiis a memecoin with a serious purpose – boosting the Decentralized Finance (DeFi) culture. Cutoshi utilizes meme appeal to promote DeFi to…
Filed under: News - @ October 10, 2024 7:25 am