ETH-News

Top Menu

  • About Us
  • Advertise
  • Editorial Policy
  • Terms and Conditions
  • Privacy Policy

Main Menu

  • ETH News
  • Rates & Charts
  • Analysis
  • ETH Insights
  • Connect
  • About Us
  • Advertise
  • Editorial Policy
  • Terms and Conditions
  • Privacy Policy

logo

  • ETH News
  • Rates & Charts
  • Analysis
  • ETH Insights
  • Connect
  • Ethereum (ETH) faces a major crash losing over 25%!

  • Cryptos Come Together for Pullback, Expect More in the Coming Days

  • How to Create Your Own Private Ethereum Blockchain?

  • Ethereum Price Gets Pulled by Bulls to $240

  • Travis Kling favors Bitcoin as a hedge against a downturn in Economies

Ethereum News
Home›Ethereum News›Cryptos Come Together for Pullback, Expect More in the Coming Days

Cryptos Come Together for Pullback, Expect More in the Coming Days

By Samantha Landers
August 25, 2021
1604
0
Share:
Cryptos Come Together for Pullback, Expect More in the Coming Days

Ethereum, also known as Ether (ETH), made a slight detour by rising to the optimum 161.80 percent extension for a b-wave. However, it later dropped low this week, which is likely the c-wave of wave-iv and wave-v (the “Rally”) to preferably $3415-3585.

Bitcoin BTC (-2.5%), Ripple (-6.21%), and Ethereum (-4.46%) have all dropped in value during the last 24 hours. As a result, a lot of large-round-number support levels are now in play. At the time of writing, the central regions to watch are $3,000 for ETH and $1.00 for XRP.

Several institutions withdrew official SEC applications for a registered Ethereum ETF last week. Only two days after filing, VanEck and Proshares pulled back their Ether ETF plans. Some interpreted the action as a response to an internal SEC mandate. No one knows why both Proshares and VanEck withdrew their ETH ETFs at this time. But there’s no denying that the SEC, led by Gensler, isn’t exactly enthusiastic about crypto exchange-traded funds.

Fourth waves in the Elliott Wave Principle (EWP) are notoriously difficult to anticipate, follow, and trade, as the previous few days, have demonstrated. Specifically, we obtained an unusual flat 4th wave, with the (green) b-wave peaking above the end of the 3rd wave (red wave-iii).

The previous several weeks were great for crypto traders on both the cash and CFD markets. The daily rule has been substantial volumes, which has kept volatility steady. It has been the case for the previous 24 hours, especially for Ethereum.

Compared to the previous trading, the current pullback for ETH might bring the $3000 psyche barrier back into the game.

Cryptocurrencies are making a return as September trading is gearing up. Since mid-May, a weaker USD and increased institutional engagement have driven a significant rebound. The price of ETH has regained impetus. Since the low point in June ($1700.0), prices have roughly doubled.

The expected “pullback” turned a little more complicated, but ETH is still tracking nicely with the ideal EWP impulse pattern.

Previous Article

How to Create Your Own Private Ethereum ...

Next Article

Ethereum (ETH) faces a major crash losing ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Ethereum News

    Binance releases Fourth Phase of Lending Products

    September 17, 2019
    By Samantha Landers
  • Ethereum (ETH) faces a major crash losing over 25%!
    Ethereum News

    Ethereum (ETH) faces a major crash losing over 25%!

    November 9, 2022
    By James London
  • Ethereum News

    Travis Kling favors Bitcoin as a hedge against a downturn in Economies

    September 18, 2019
    By James London
  • Ethereum (ETH) News
    Ethereum News

    Ethereum Price Gets Pulled by Bulls to $240

    March 6, 2020
    By Samantha Landers
  • Ethereum Blockchain
    Ethereum News

    How to Create Your Own Private Ethereum Blockchain?

    December 24, 2020
    By James London

Leave a reply Cancel reply

  • Ethereum (ETH) News
    Ethereum News

    Ethereum Price Gets Pulled by Bulls to $240

  • Ethereum Blockchain
    Ethereum News

    How to Create Your Own Private Ethereum Blockchain?

  • Ethereum News

    Binance releases Fourth Phase of Lending Products

Recent Post

Ethereum News

Ethereum (ETH) faces a major crash losing over 25%!

Ethereum’s real-life potential and scalability might be on the gaining end, but the value of ETH is driven by simple laws of supply and demand. As the mining process has ...
  • Cryptos Come Together for Pullback, Expect More in the Coming Days

    Cryptos Come Together for Pullback, Expect More in the Coming Days

    By Samantha Landers
    August 25, 2021
  • Ethereum Blockchain

    How to Create Your Own Private Ethereum Blockchain?

    By James London
    December 24, 2020
  • Ethereum (ETH) News

    Ethereum Price Gets Pulled by Bulls to $240

    By Samantha Landers
    March 6, 2020
  • Travis Kling favors Bitcoin as a hedge against a downturn in Economies

    By James London
    September 18, 2019

About

Ethereum is a software system which is part of a decentralised system meaning it is not controlled by any single entity. Ethereum is different to Bitcoin because it expands on its technologies.

Follow Us

  • 66986
    Followers
  • Likes
  • About Us
  • Advertise
  • Analysis
  • Connect
  • Editorial Policy
  • ETH Insights
  • ETH News
  • Privacy Policy
  • Rates & Charts
  • Terms and Conditions
Copyright © 2023. Eth-News.Info. All Rights Reserved.