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Analyst Predicts Ethereum Will Be Bearish Until $2500

Published 05/19/2021, 11:20 AM
Updated 05/19/2021, 11:30 AM
Analyst Predicts Ethereum Will Be Bearish Until $2500

  • ETH will go bearish until the $2500 mark according to technical analyst.
  • The second-largest crypto shows bearish movement without signs of stopping.
  • On the other hand, crypto poll shows that investors think the bull market is not over.

The second-largest cryptocurrency, Ethereum (ETH) has lost a lot of its value from the recent all-time high price at $4,387. At the moment, ETH is valued just below the $3000 mark according to coin information websites like coinmarketcap.com.

According to Coingape analyst John Isige, Ethereum might go as low as $2500. He mentioned that many technical indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show very obvious bearish signals, as highlighted on the four-hour chart that you can see below.

This article was first published on coinquora.com

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