New Bearish Signal from Indicator Capturing April Drop in Ethereum (ETH): Could Test $1,000

Analysts are considering the possibility of Ethereum (ETH), one of the most valuable cryptocurrencies after Bitcoin (BTC), to drop to the $ 1,000 level again.

Market experts and analysts before the transition from proof-of-work (PoW) to proof-of-stake (PoS) Ethereum (ETH) again one thousand He focused on the possibility of falling to the dollar. momentum and trend Considering the indicators of Ethereum August It is expected that the downward trend that started in May will continue.

On the other hand, Ethereum in optionsoptions close to settlement date 1,400 to 1,600 There is concentration around the dollar, plus longer-term options. 3,600 A call option request can be seen up to $. In this situation, the investor in the near term Still bullish for Ethereum that you didn’t expect taken as an indicator.

Katie Stockton, founder of Fairlead StrategiesEthereum 50 Pointing to a drop below its daily moving average, he stated that the risk of a downward move in the short term increased. Stockton for the first time since April on the weekly stochastic that there is a decrease and that this situation will be supported by $ 1000 in the coming days. to be retested He suggested it might be a sign.

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