ETH/USD Heads Lower in the Next 24 Hours

2021.10.11

The song, Bearish, is by the artist, The Breakdown, and has a price analysis for Ethereum. ETH/USD rallied back to previous highs. It is likely that overnight will continue. A fast spike lower overnight made a rally back toward previous highs. The pair, ETH/USD, should be moved lower again and test further downside. This is a heat map for cryptocurrency. In January, when just over $1,200 was trading at just over $1,200, a spike was made by one investor, claiming it wasJust under five months after, that prediction has already hit with Ethereum (ETH-USD) up roughly 400% on the year to cross the threshold. An investor claimed it was being overlooked by investors back in January. Just under five months later, the prediction has already hit, with Ethereum (ETHUSD) up roughly 400% on the year to cross theMegan Kaspar cofounder of Digital Asset Investment company Magnetic has increased her price target to $8,000 to $10,000. According to an analyst who has been right this year, he still has a shot to reach $10,000 by year’s end. Megan Kaspar said on Friday that the second biggest cryptocurrency by market cap could still hit her $8,000. She added that crypto is a favorite tool to hedge against inflation.

 

 

Kaspar Says Greener Ethereum Will Attract More Institutional Attention Than Bitcoin:

After the test of $3,400, a range of $3,385 was traded by ETH/USD. They are responsible for paying between 76 and $3,622. 29 indicates that volatility is strong over the last 24 hours. The trading volume was helping to bolster 17Five billion.  It is up by sixteen percent. 97 percentA total market cap of around $423 is traded in the meantime. A market dominance of 18 would result from 87 billion of that. It is 06 per cent. The chart shows the ETH/USD to reverse on a fourhour basis. Ethereum price is quickly returning back to previous highs so bulls are likely exhausted and another move lower will follow. Ethereum price has experienced a strong bullish pattern during the first days of October. According to Bitcoin, year to date, the price of Ether has outperformed BitcoinThe former went up nearly 380%, and Bitcoin is up about 90% over the same time period. Kaspar’s price target is as high as it sounds, which implies approximately 300% upside from current levels it matches the $10,500 price target thatThe ethereum network calculated their price target, as more and more decentralized applications continue to be built on it. a decentralized finance application has seen a yield on their crypto assets exploded from $10 billion in September 2020 to more than $65 billion as ofKaspar says greener ethereum will attract more institutional attention than Bitcoin. Bitcoin has been outperformed by Ether yeartodateThe former made a huge increase, while the price of bitcoin is up about 90% over the same time period. As high as Kaspar’s price target sounds, it implies about 300% upside from current levels, it matches the $10,500 price target that cameThe analysts in the Ethereum network calculated their price target.  As more decentralized applications continue to be built on itDecentralized finance applications have observed that swarms using the network are possible. In addition to the changes in the network, Kaspar believes the adoption of greener ethereum relative to bitcoin will generate more institutional attention. Mining in China is responsible for much of the mining power on the network. In the end of the year or the beginning of next year, about one million of ethereum will be out of supply. That will initiate a deflationary asset. Transactions on the Ethereum blockchain, or NFTs, were attracting a greater amount of attention. This week, more than $1 was sold for the cartoon image of a rock. The total number is 7 million. According to NonFungible, the total monthly sales in August exceeded a record high and were near $900 million. The attention is continuing to bring people into ether.  NFT auctions are priced in ether by many NFT members. This is a technological trend that we are moving toward in the direction of dematerialization.

 

 

ZGuzYahoo Finance, April 13, 2021:

Possibly a quick spike higher is followed by another reverse from the resistance area. Ethereum/USD will head lower in the next 24 hours. Read our guides on best NFT marketplaces, NFT history and development, as well as NFT Music as you wait for Ethereum to move further. I give you this warning on the difference from active to passive. I just did. It’s similar to halving before. It is likely that this will reach $115k in August. He is Dan Morehead.  He tweets on April 13, 2021, When people say, ‘Oh, this is crazy. ‘I do not think it is insane this is caused by this. It is actually very predictable, said me, he said. I just did. Bitcoin rallies have seen the same amount of halvings seen before. By August it is probably going to reach $115k. Dan Morehead, April 13, 2021.  When people say, Oh this is crazy,’I do not believe it is crazy. Personally, I have been doing this for ten years.  It is actually very predictable, said his. Zack Guzman is an analyst and senior writer on Yahoo Finance Live covering crypto, cannabis, startups, and breaking news. Follow him on Twitter as ZGuzYahoo Finance reads the latest financial and business news on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, and YouTube.