Ethereum Loses $1800 Handle – Will Bear Market Pull ETH Down Deeper?

During the previous week, the price of Ethereum has stabilized between $2,000 and $1,700. Because of this, the ETH price remained largely unchanged compared to the last seven days and lost 2.5% of its value.

Timeline of Ethereum

A veteran trader who became a legend in crypto circles after nailing Bitcoin's (BTC) collapse in 2018 is sounding the alarm on leading smart contract platform Ethereum (ETH). Peter Brandt tells his 645,700 Twitter followers that Ethereum is forming a descending triangle, a continuation pattern that suggest further downside risk for ETH. “Not ready to The post Trader Who Accurately Called Epic Bitcoin Crash Issues New Warning for Ethereum Investors appeared first on The Daily Hodl.

Ethereum price analysis is bearish today as we expect the current retest of $1,800 previous support as resistance to end with another lower local high set. From there, ETH/USD should head lower and target the $1,700 major support next.

Vitalik Buterin, the Ethereum co-founder, held a candid chat with the ETH community. He asked them to mention some of his beliefs through his Twitter handle, which they feel is wrong.

With Ethereum 2.0 underway, the transition into a Proof-of-Stake Network for the Ethereum [ETH] blockchain is about to become a reality. Users and developers are excited over the developments this upgrade will usher into the network.

Former BitMEX CEO Arthur Hayes is reasserting his call for a parabolic price rally for Ethereum (ETH) near the end of this year. In a recent blog post, Hayes says he's sticking to his prediction that Ethereum will trade at $10,000 by the end of the year even if he's slightly less confident on when The post Crypto Capitalist Arthur Hayes Details Massive End-of-Year Forecast for Ethereum (ETH) appeared first on The Daily Hodl.

Former Bitmex CEO Arthur Hayes said that Ethereum might reach $10,000 in value by the end of the year 2022. He cautions that the market, particularly in the middle of the year, might be volatile.

Arthur Hayes, the youngest crypto billionaire of American Africa and the former CEO and co-founder of the derivatives platform BitMEX, predicted Ethereum could hit $10,000 by the end of 2022. Notably, Hayes once speculated a downtrend in Ethereum's price in an April blog post that came true.

Ethereum addresses holding one or more ETH has hit a new all-time high of 1.484 million. Deposits also continue to flow into the ETH 2.0 contract hitting a new all-time high of 12.785 million ETH.

While Bitcoin falls back under the $30K mark, Ether market price loses the $1800 mark and becomes closer to the $1700 support level. Moreover, the ETH price action shows a high likelihood of bearish fallout that may drown the market value under $1700.

Ethereum could still hit $10,000 by the end of 2022 according to former BitMEX CEO Arthur Hayes but the market will be choppy in the mid-term so let's read more today in our latest Ethereum news. The former co-founder of BitMEX Arthur Hayes said that Terra's failure was a byproduct of the macroeconomic environment with