Ethereum Price Prediction: ETH Drops 2% As Investors Flock To This $69 Million PEPE Derivative Presale Offering Last Chance To Buy
The Ethereum price dropped over 2% in the last 24 hours to trade at $2,742.59 as of 9:59 p.m. EST as investors decrease their exposure to the altcoin. The recent pullback in the ETH price was a continuation of the crypto’s negative weekly streak. Ethereum is subsequently over 11% in the red on the 7-day time frame. Ethereum Price Hovering Above The $2,683.55 Support 4-hour chart for ETH/USDT (Source: TradingView) The Ethereum price is hovering above the key support at $2,683.55. Should it fall below this technical crutch, the leading altcoin might plunge to the subsequent mark at $2,411.54 in the short term. However, traders identifying ETH’s current price as a long opportunity could mark the end of the crypto’s bearish move. In this more bullish scenario, the Ethereum price might attempt a challenge at the $2,929.23 resistance. Should it flip this level into support, ETH could end up rising to as high as $3,218.78 if the bullish pressure persists. Technicals...