{"id":407898,"date":"2019-12-19T07:00:58","date_gmt":"2019-12-19T07:00:58","guid":{"rendered":"https:\/\/ktsl888.com\/?p=407898"},"modified":"2019-12-19T08:45:47","modified_gmt":"2019-12-19T08:45:47","slug":"why-this-analysis-puts-ethereum-bottom-at-55","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/why-this-analysis-puts-ethereum-bottom-at-55\/","title":{"rendered":"Why This Analysis Puts Ethereum Bottom At $55"},"content":{"rendered":"
Price predictions using technical analysis can produce a wide range of results for a crypto asset. One analyst has predicted an Ethereum capitulation into double digits if the current trend continues.<\/p>\n
Ethereum and its crypto brethren have bounced back today but the overall trend is still heavily bearish. From an intraday low below $120 ETH has gained 5% on the day to return above $130 according to Tradingview.com<\/a>.<\/p>\n <\/a><\/p>\n The world\u2019s second largest crypto asset topped out at $134 but had already begun to resume its downward slide again at the time of writing as it fell to $128.<\/p>\n Ethereum<\/a> is back in crypto winter levels and in danger of ending the year lower than it started it. Looking at today\u2019s prices ETH is back at the same price it was on January 1st<\/sup>.<\/p>\n During last year\u2019s rout ETH was crushed below $85 and one analyst thinks it can drop even lower.<\/p>\n meanwhile, $ETH<\/a><\/p>\n don't @ me pic.twitter.com\/1RcYC4AXU5<\/a><\/p>\n — #333kByJuly2025 (@CarpeNoctom) December 17, 2019<\/a><\/p><\/blockquote>\n\n