{"id":567,"date":"2022-05-02T12:51:55","date_gmt":"2022-05-02T12:51:55","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/05\/02\/top-analyst-says-eth-price-could-drop-to-2600\/"},"modified":"2022-05-02T12:51:55","modified_gmt":"2022-05-02T12:51:55","slug":"top-analyst-says-eth-price-could-drop-to-2600","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/05\/02\/top-analyst-says-eth-price-could-drop-to-2600\/","title":{"rendered":"Top analyst says ETH price could drop to $2,600"},"content":{"rendered":"

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Here\u2019s a prime analyst\u2019s Ethereum price outlook after ETH dropped under $3,000<\/strong><\/em><\/p>\n

Ethereum has declined under $2,900 after bulls gave up the $3,000 help stage over the weekend. The drawdown within the price of Ether (ETH) comes as the highest cryptocurrency Bitcoin (BTC) additionally faces large sell-off stress after dropping under $40,000.<\/p>\n

Currently, Ethereum is buying and selling close to $$2,860 with 24-hour losses of about 2.8%. Bitcoin, alternatively, has slipped to lows of $38,800 and is roughly 2% within the purple.<\/p>\n

Ethereum probably to retest $2,600<\/h2>\n

While he maintains a bullish outlook for prime two cryptocurrencies by market cap, prime crypto dealer and analyst Rekt Capital sees a possible dip to lows of $2,600 for Ethereum.<\/p>\n

\u201cETH has flipped ~$3050 into new resistance on the weekly timeframe<\/em>,\u201d the analyst said<\/u><\/a> pointing to a chart displaying Ethereum price has dropped over the previous 4 weeks.<\/p>\n

\u201cAs a result, ETH now has a greater chance of performing a long downside wick to even as low as $2600 on the monthly timeframe<\/em>,\u201d he famous.<\/p>\n

Chart displaying ETH\/USD has dropped under a important help stage. Source:<\/em> <\/em>Rekt Capital<\/em><\/u><\/a><\/p>\n

Although the outstanding crypto analyst means that Ethereum could but flip decrease, he thinks bulls could but see $3,000.<\/p>\n

Highlighting Ethereum\u2019s month-to-month chart, Rekt Capital says<\/u><\/a>:<\/p>\n

\u201cETH volatile retest of ~$3000 (black) may very well be in progress. Downside wick could go down to as low as the green Higher Low ($2600). A wick into the HL before ultimately performing a Monthly Candle Close above ~$3000 (black) would be bullish<\/em>.\u201d<\/p>\n

Here is a chart displaying the analyst\u2019s tackle what could occur subsequent for ETH\/USD.<\/p>\n

Ethereum traded at highs above $3,500 earlier this month. Data from CoinGecko reveals that at present costs, the ETH\/USD pair is down almost 11% up to now two weeks and eight% up to now 30 days.<\/p>\n<\/p><\/div>\n