The crypto-space has managed to recover from the recent losses somehow as Bitcoin price maintains its trend along with $40,000. And hence Ethereum is also leaving no stones unturned to reach the $3000 levels at the earliest. The ລາຄາ ETH may eventually smash $3000 but unfortunately may not sustain effectively. As the larger time frame forecast is currently pretty bearish which point out towards a drastic drop.
The price no doubt was preparing from a couple of days to rise high and solidify the uptrend for a long time. However, the asset struggled to enter the pivotal zones and hence with a notable reduction in buying volume, it’s pretty uncertain at the moment. However, once the price seals the $2800 levels then it may be extremely easy for the asset to surge above $3000. But the trade set up manifest a diverse trend which is displays a huge bearish well awaiting ahead.
Story to be updated!
Source: https://coinpedia.org/price-analysis/weekly-ethereum-trend-displays-a-scary-outcome-eth-price-may-slide-back-to-2000/