{"id":407420,"date":"2022-02-19T02:35:00","date_gmt":"2022-02-18T23:35:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/analyst-say-ethereum-price-could-fall-to-1700-if-the-current-climate-prevails\/"},"modified":"2022-02-19T02:35:00","modified_gmt":"2022-02-18T23:35:00","slug":"analyst-say-ethereum-price-could-fall-to-1700-if-the-current-climate-prevails","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/analyst-say-ethereum-price-could-fall-to-1700-if-the-current-climate-prevails\/","title":{"rendered":"# Analyst say Ethereum price could fall to $1,700 if the current climate prevails"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3717b41cd10\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3717b41cd10\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/analyst-say-ethereum-price-could-fall-to-1700-if-the-current-climate-prevails\/#Ethereums_next_stop_could_be_1700\" >Ethereum&#8217;s next stop could be $1,700\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/analyst-say-ethereum-price-could-fall-to-1700-if-the-current-climate-prevails\/#Price_is_at_a_%E2%80%9Csuper_trend%E2%80%9D_resistance_level\" >Price is at a &#8220;super trend&#8221; resistance level<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/analyst-say-ethereum-price-could-fall-to-1700-if-the-current-climate-prevails\/#The_macro_trend_projects_further_downside\" >The macro trend projects further downside<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Analyst say Ethereum price could fall to $1,700 if the current climate prevails <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) and Ether (ETH) price are still being hard hit by the current wave of volatility and this is leading traders to go back to the drawing board and readjust their short-term expectations. On Feb.17, Bitcoin price briefly\u00a0dipped below $40,000\u00a0and Ether\u00a0failed to hold support at $2,900, raises the chance of a drop to $2,500.\u00a0<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that after hovering near the $2,900 support level through the morning trading hours, Ether was hit with a wave of selling that dropped it to an intraday low of $2,752. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/8322c9bc-b222-4960-a1b6-085072418b82.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>ETH\/USDT 1-day chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Here\u2019s a look at what analysts are saying about the price drop for Ether and whether or not more downside is expected as global tensions continue to rise. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ethereums_next_stop_could_be_1700\"><\/span>Ethereum&#8217;s next stop could be $1,700\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> overview of the current outlook for Ether was provided by crypto trader and pseudonymous <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> user \u2018Crypto Tony\u2019, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoTony__\/status\/1494742198507782146\">posted<\/a> the following chart discussing the areas of support and resistance to keep an eye on. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/0eab6e21-46f1-4d76-bb15-fe8f1bf4ef52.jpg\"><figcaption style=\"text-align: center;\"><em>ETH\/USD 1-day chart. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>Crypto Tony said, <\/p>\n<blockquote><p>\u201c$3,900 remains the most pivotal area for me and if we flip that, well I believe the low is in&#8230; Reject from it or fail to even reach it and we head to my main target of $1,700.\u201d<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Price_is_at_a_%E2%80%9Csuper_trend%E2%80%9D_resistance_level\"><\/span>Price is at a &#8220;super trend&#8221; resistance level<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A more bullish take on Friday\u2019s price action was offered by market analyst and pseudonymous Twitter user \u2018IncomeSharks\u2019, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lncomeShaiks\/status\/1494745219165679616\">posted<\/a> the following chart indicating that Ether is now at a significant resistance zone. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/4fada3f4-8f0f-4de4-8f42-3815694b1352.jpg\"><figcaption style=\"text-align: center;\">ETH\/USD 4-hour chart. Source: Twitter<\/figcaption><\/figure>\n<p>According to the analyst,<\/p>\n<blockquote><p>\u201cEther right at the supertrend resistance. Since it&#8217;s flat it usually has a higher chance of breaking upwards and flipping bullish. If it does flip bullish I think $2,900 to $3,000 would be next.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>U.S. inflation breaks 40-year record: Can Bitcoin serve as a hedge asset?<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_macro_trend_projects_further_downside\"><\/span>The macro trend projects further downside<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Insight into what could h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en to Ether and the wider altcoin market, should it fail to hold this current level, was offered by trader and pseudonymous Twitter user Pentoshi.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/bea9c55f-c55b-4858-9f14-f4723b2533ef.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USD 1-day chart. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>Pentoshi said, <\/p>\n<blockquote><p>\u201cI will take note that there is local strength here since it held its lows but overall still lower highs. Trend is down. *IF* those lows break *THEN* *MOST* altcoins turbo nuke.\u201d<\/p><\/blockquote>\n<p>The overall cryptocurrency market cap now stands at $1.899 trillion and Bitcoin\u2019s dominance rate is 41.4%.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/analyst-say-ethereum-price-could-fall-to-1-700-if-the-current-climate-prevails\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Analyst say Ethereum price could fall to $1,700 if the current climate prevails &#8221; Bitcoin (BTC) and Ether (ETH) price are still being hard hit by the current wave of volatility and this is leading traders to go back to the drawing board and readjust their short-term expectations. On Feb.17, Bitcoin price briefly\u00a0dipped below&#8230;<\/p>\n","protected":false},"author":1,"featured_media":407421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvZjljOWE2MzctZGY2OS00NzViLWEwNmQtZGZiZmMyNTJkYmEzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,74863,81262,82402,74891,74938,75150,73785],"class_list":["post-407420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-cryptocurrencies","tag-cryptomarket","tag-ether-price","tag-ethereum","tag-ethereum-price","tag-market-update","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/407420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=407420"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/407420\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/407421"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=407420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=407420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=407420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}