News View Non-AMP

Ethereum All Set to Move Lower Than $550 Predicts an Analysts

Published by
Sahana Vibhute

Confirmed ‘Bearish’ signal for ETH

The Exponential Moving Average(EMA) which is the average of the closing prices for a specific number of days divided by the number of days considered, is falling with the Ethereum(ETH) price. According to analysts, the EMA is below 10 which signifies a confirmed bearish trend for the ETH price.

The above chart posted by the analyst Alanmasters indicates a clear bearish divergence for the crypto as the EMA below 10 just before the day closed. The analyst also said that RSI is also trending down, also MACD is manifesting a bearish divergence. 

The analyst also pointed the more of the red or bear candles than the green bars, which help to predict what will happen next. And hence based on these signals, he predicts ETHUSD drop to at least $486 or more.

He also said that if the EMA moves above 10 the conditions may change. But for now, ETHUSD is more likely to move lower than now. 

Bitcoin Also Expected to Plunge

Bitcoin price has just slipped below $19,000 and attempting to regain the lost momentum. The price had plunged to as low as $18,500 but renounced to $18,900 levels within a short time frame.

One of the analysts has predicted a decline in the prices of the first and the second crypto, Bitcoin and Ethereum. As per the analysts, Tapas Sahoo, the Bitcoin price may plunge to $17,500 to $17,800 levels and the Ethereum price may drop to $540 to $550 levels and HODL.

Collectively, with the bearish divergence of the top two cryptos, the beginning of Altcoin Market can be sensed as predicted by many analysts. Moreover, the other analyst still hopes Bitcoin and Ethereum to surpass $20K and $700 respectively in the coming days.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

Was Jed McCaleb’s Exit from Ripple a ‘Breakup’ or a Brilliant Strategy? Find Out!

Jed McCaleb’s departure from Ripple in 2014 has long been the subject of speculation. Many…

April 27, 2025

Pi Network: Why Dr Altcoin Strongly Believes in Its Future – Key Reason Behind It

While many people are still trying to figure out the next big thing in crypto,…

April 27, 2025

Binance Coin Price Prediction 2025, 2026 – 2030: Will BNB Hit $1000?

Story Highlights Binance Coin Price Today is . The BNB price prediction anticipates a potential…

April 27, 2025

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum…

April 27, 2025

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

Story Highlights The live price of the Cardano token is . ADA coin price could…

April 27, 2025

Nike Hit With $5M Lawsuit as NFT Buyers Lose Big After RTFKT Shutdown

Nike is facing a new lawsuit from NFT buyers who claim they lost money after…

April 26, 2025