The bullish rally in prices ahead of the Fed’s interest rate decision has again been liquidated. Ethereum price fell back below $1300 today in an overall weak market. While the broader market is down around 1.7% in the last 24 hours, Ethereum is down 4%. With this, ETH loses almost twice as much – admittedly, it also performed better in yesterday’s rally. In terms of charts, however, Ethereum may now be facing a decision which, if confirmed, could lead to a bullish setup with a price target of $1550.
While Ethereum price predictions therefore offer hope for short-term gains, the Dash 2 trade pre-sale, as an immediate beneficiary of the early afternoon FTX crash, is poised to hit the highs. $10 million.
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Ethereum Price Drops 4%: Little Volume on Profit Taking
In the past 24 hours, Ethereum is down around 4% and is currently trading at around $1,275. The trading range was between $1275 and $1348. ETH is currently trading at the all-time low of 24 hours. Trading volume has hovered around $8 billion in the past 24 hours, according to data from Coingecko. In the daily chart, the past 24 hours have been characterized by profit taking. Ethereum is currently trading in an exciting price zone that indicates further significant price movements.
Ascending triangle: imminent technical breakthrough
On a daily basis, an ascending triangle has formed recently, which may dissolve in the near future. The first breakout attempts above the price level of around $1300-1310 are yet to be confirmed. For now, Ethereum has failed on a bullish breakout. Nevertheless, based on today’s profit taking, another attempt could be made in the coming days to sustainably break above the psychologically important price level of $1300 in 2022.
The hourly chart clearly showed that Ethereum was moving back into the mentioned range. Now, at the bottom of the ascending triangle, there could be a counter move that can be traded.
Ethereum price prediction: Trader sees $1550 as short-term price target
The Ethereum price is currently moving in an important range between $1280 and $1300. This support zone should hold, the bulls need to defend and recover the $1280 in the next few hours. If successful, well-known crypto trader Michael van de Poppe also sees a continued bullish setup, which, however, requires confirmation of the break above $1325 first. Then, the Ethereum price could even rise to $1550 in the current year and thus allow a return of more than 15%.
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Dash 2 Trade Approaches $10 Million Milestone: Last Chance for Early Investors
The Dash 2 Trade presale is currently approaching the $10 million milestone. This would automatically trigger a countdown announcing the first listing for a CEX. Because officials determined that after raising $10 million in capital, they would only wait a month to list the native D2T token.
Dash 2 Trade is gearing up to take advantage of the FTX crash and growing uncertainty in the crypto market over the medium term. Because with a versatile trading platform, you want to make professional cryptocurrency analysis tools accessible to private traders. With the presale dashboard, which relies on automated and manual screenings of new ICOs, Dash 2 Trade skilfully stands out from the competition. Because, contrary to expectations, it has so far completely ignored the lucrative sector of the digital currency market. This could lead to an increase in demand for subscriptions to the analytics platform, which in turn would have a ripple effect on the prices of the D2T native ERC-20 token.
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