Cryptocurrency Ethereum (ETH) has seen a bullish trend in the long-term outlook despite a recent breakdown to breach past key support levels. The drop was a correction in the coin's rally that has occurred over the past couple of months. The trend remains bullish, according to the overall trendline and the Relative Strength Index. The Bollinger Band indicator also confirms this, showing price falling along the lower band and reflecting selling momentum. If the selling pressure persists, the ETH coin price may tumble up to 15% to $1500. However, traders are currently waiting for a significant reversal around the support trendline and those seeking pullback trades may find a great opportunity here. The overall long-term outlook for ETH remains bullish.
Ethan Garcia
- 2023-05-12
ETH Coin Price May Tumble Up To 15% To $1500
Cryptocurrency Ethereum (ETH) has seen a bullish trend in the long-term outlook despite a recent breakdown to breach past key support levels. A 15% drop potential exists along with great pullback trade opportunities here.
