Cryptocurrency prices incurred a major decline in the past few days as investors have taken profits after hitting key milestones and due to the uncertainties surrounding the US Federal Reserve. Ethereum price dropped 14% to $1,851 from its earlier peak of $2,131. According to the daily chart for ETH, a cup and handle pattern is being formed, which signals a potential rise in the upcoming weeks. The current RSI position is below the neutral point, suggesting bullish pressure ahead. If the optimistic projections come true, Ethereum price could jump 37% to $2,500.
Liam Smith
- 2023-04-24
Ethereum Price Could Jump 37%
Ethereum price dropped 14% to $1,851 from its earlier peak of $2,131, but according to the daily chart for ETH, a cup and handle pattern is being formed, which signals a potential rise in the upcoming weeks.
