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bitcoin

Ethereum two Scenarios: What is coming?

Ethereum pretty much mimics the pattern of Bitcoin more than any other altcoins. Ethereum two scenarios are expected on a 4-hour timeframe.

The Ethereum price today is $4,074.57 USD with a 24-hour trading volume of $24,652,534,117 USD. Ethereum is down 3.79% in the last 24 hours, with a market cap of $483,359,353,125 USD. It has a circulating supply of 118,628,315 ETH coins.

Ethereum two Scenarios
Source: Tradingview

Ethereum two Scenarios: Analysis

Ethereum dropped to $3474 on Saturday making a long bearish wick. It now trades above the $4000 mark and the support of $4000 has been holding the price of Ethereum for a month now.

Ethereum two Scenarios
Source: Tradingview

Looking at the chart, if Ethereum breaks above the descending trend line, we are Bullish towards $4300 and if broke below, which is more likely to happen we might test the $3700 again at fib -0.236. The major support of Ethereum is at $3300 at EMA 200

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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