{"id":502805,"date":"2022-09-19T15:55:17","date_gmt":"2022-09-19T15:55:17","guid":{"rendered":"https:\/\/ktsl888.com\/?p=502805"},"modified":"2022-09-19T14:20:16","modified_gmt":"2022-09-19T14:20:16","slug":"ethereum-could-gain-10-before-reversal","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-could-gain-10-before-reversal\/","title":{"rendered":"Ethereum Could Gain 10% Before ETH Resumes Its Reversal"},"content":{"rendered":"
With the latest price drop in the first half of this month, Ethereum has reached a new low. Ethereum, as of late, has been estimated to be worth around $1,420. Ethereum’s future, though, appears to be gloomier at the moment.<\/p>\n
The current price of one ether is below the 61.80 Fibonacci level, which is somewhere around $1,340 at the time of this writing. Any progress made since early September has been lost in the recent market downturn.<\/p>\n
The coin still has some chance of being salvaged, though. There has been a lot of volatility in the financial markets since the market crash on September 13 in response to the CPI report and interest rate hike.<\/p>\n
In response to the recent negative developments in the U.S. economy, stock prices and cryptocurrency prices fell precipitously. However, Ethereum has a chance of gaining 10% before it resumes its backward motion.<\/p>\n