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      How Well could Ethereum (ETH) Perform - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      November 30, 2021

      7:28 AM UTC

      How Well could Ethereum (ETH) Perform - Stocks Telegraph

      The second frontrunner of the whole crypto market. The second highest dominance in the market is Ethereum (ETH).

      At the time of writing, ETH is being traded at the price of $4,419. The price of ETH has increased by almost 7.08% in the past 24 hours. The daily trading volume has also increased by almost 40.28% in one day. ETH is listed on coinmarketcap at 2nd spot according to market capital and has a market dominance of about 20.05%.

      ETH before the crash had achieved it ATH around the price of $4,372 in May 2021. It later fell down to the price of $1700.48 during the crash and showed reversal from there. As compared to other coins it has been one of the fast gainers and now has achieved a new all-time high around the price of $4,868.

      Technical Analysis – Ethereum

      Ethereum (ETH) had continued to stay ahead of the major market and has printed new all-time high in the process. The price of the coin had been moving in a channel which can be clearly seen in the chart. But the price broke down and now has moved into an accumulation phase. 

      ETH - D

      Now with confluence to the movement of BTC, we can expect a similar movement as the king. It seems that the price would create an AMD pattern. The accumulation phase is currently being completed and we can soon expect the price to move to manipulation where we can expect the price to go near the previous all-time high. After that, the distribution or expansion phase can start which can drive the price down to the daily order block from where we can expect a possible reaction from the market.

      Long Term Prediction – Ethereum (ETH)

      According to wallet investors, the price of ETH is highly bullish in nature and is a safe investment, and will continue to lead the market. According to their predictions, the coin will reach a value of $7,311 in one year. For a five-year plan, ETH is expected to reach a value of $19,232.

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