Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Many cryptocurrencies, including Polkadot, came again under selling pressure after Genesis Global Capital, the crypto lending arm of Genesis Trading, had paused withdrawals over liquidity problems. Polkadot (DOT) might have a hard time holding above the current support level, which stands at $5, and a break below this level would indicate that we could see DOT at $4 or even below.<\/p>\n\n\n\n
Many cryptocurrencies, including Polkadot, came again under selling pressure after Genesis Global Capital, the crypto lending arm of Genesis Trading, had paused withdrawals over liquidity problems. Polkadot (DOT) might have a hard time holding above the current support level, which stands at $5, and a break below this level would indicate that we could see DOT at $4 or even below.<\/p>\n\n\n\n
Polkadot (DOT) might have a hard time holding above the current support level, which stands at $5, and a break below this level would indicate that we could see DOT at $4 or even below. The upside potential remains limited for now; still, if the price of Polkadot (DOT) jumps above $8, the next target could be $10.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Many cryptocurrencies, including Polkadot, came again under selling pressure after Genesis Global Capital, the crypto lending arm of Genesis Trading, had paused withdrawals over liquidity problems. Polkadot (DOT) might have a hard time holding above the current support level, which stands at $5, and a break below this level would indicate that we could see DOT at $4 or even below.<\/p>\n\n\n\n
Polkadot (DOT) might have a hard time holding above the current support level, which stands at $5, and a break below this level would indicate that we could see DOT at $4 or even below. The upside potential remains limited for now; still, if the price of Polkadot (DOT) jumps above $8, the next target could be $10.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Many cryptocurrencies, including Polkadot, came again under selling pressure after Genesis Global Capital, the crypto lending arm of Genesis Trading, had paused withdrawals over liquidity problems. Polkadot (DOT) might have a hard time holding above the current support level, which stands at $5, and a break below this level would indicate that we could see DOT at $4 or even below.<\/p>\n\n\n\n
The price of Polkadot (DOT) has weakened from $7.41 to $5.31 in a little over a week, and the current price stands at $5.68. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Polkadot (DOT) might have a hard time holding above the current support level, which stands at $5, and a break below this level would indicate that we could see DOT at $4 or even below. The upside potential remains limited for now; still, if the price of Polkadot (DOT) jumps above $8, the next target could be $10.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Many cryptocurrencies, including Polkadot, came again under selling pressure after Genesis Global Capital, the crypto lending arm of Genesis Trading, had paused withdrawals over liquidity problems. Polkadot (DOT) might have a hard time holding above the current support level, which stands at $5, and a break below this level would indicate that we could see DOT at $4 or even below.<\/p>\n\n\n\n
Technical Analysis Of Polkadot (DOT)<\/h2>\n\n\n\n
The price of Polkadot (DOT) has weakened from $7.41 to $5.31 in a little over a week, and the current price stands at $5.68. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Polkadot (DOT) might have a hard time holding above the current support level, which stands at $5, and a break below this level would indicate that we could see DOT at $4 or even below. The upside potential remains limited for now; still, if the price of Polkadot (DOT) jumps above $8, the next target could be $10.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Many cryptocurrencies, including Polkadot, came again under selling pressure after Genesis Global Capital, the crypto lending arm of Genesis Trading, had paused withdrawals over liquidity problems. Polkadot (DOT) might have a hard time holding above the current support level, which stands at $5, and a break below this level would indicate that we could see DOT at $4 or even below.<\/p>\n\n\n\n
In response to today's contagion fears, Polkadot, Bitcoin, and many other cryptocurrencies have continued to decline. The crypto market sentiment is still unable to show positive signs, and the outlook for risk appetite in the near term is not looking good.<\/p>\n\n\n\n
\"We recognize how challenging this past week has been due to the impact of the FTX news, and we are entirely focused on doing everything we can to serve our clients and navigate this difficult market environment.\"<\/em><\/p>\n\n\n\n
In response to today's contagion fears, Polkadot, Bitcoin, and many other cryptocurrencies have continued to decline. The crypto market sentiment is still unable to show positive signs, and the outlook for risk appetite in the near term is not looking good.<\/p>\n\n\n\n
Many cryptocurrencies, including Chainlink, remain under pressure, and according to a recent research report by Coinbase Global, the collapse of FTX could extend the crypto bear market by several more months or perhaps through the end of 2023. Chainlink might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below.<\/p>\n","post_title":"Chainlink (LINK) Price Prediction For December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-prediction-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:36:49","post_modified_gmt":"2023-04-10 08:36:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8416,"post_author":"14","post_date":"2022-11-17 16:09:31","post_date_gmt":"2022-11-17 05:09:31","post_content":"\n
Many cryptocurrencies, including Chainlink, remain under pressure, and according to a recent research report by Coinbase Global, the collapse of FTX could extend the crypto bear market by several more months or perhaps through the end of 2023. Chainlink might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below.<\/p>\n","post_title":"Chainlink (LINK) Price Prediction For December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-prediction-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:36:49","post_modified_gmt":"2023-04-10 08:36:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8416,"post_author":"14","post_date":"2022-11-17 16:09:31","post_date_gmt":"2022-11-17 05:09:31","post_content":"\n
The upside potential remains limited for now; still, if the price of LINK jumps above $8, the next target could be resistance standing at $9.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Many cryptocurrencies, including Chainlink, remain under pressure, and according to a recent research report by Coinbase Global, the collapse of FTX could extend the crypto bear market by several more months or perhaps through the end of 2023. Chainlink might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below.<\/p>\n","post_title":"Chainlink (LINK) Price Prediction For December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-prediction-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:36:49","post_modified_gmt":"2023-04-10 08:36:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8416,"post_author":"14","post_date":"2022-11-17 16:09:31","post_date_gmt":"2022-11-17 05:09:31","post_content":"\n
![\"\"](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2022\/11\/Ethereum-analysis-1160x493.jpg\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2022\/11\/Polkadot-analysis-800x339.jpg\")
<\/figure>\n\n\n\n