\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"};

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\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"};

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\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"};

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\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"};

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\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"};

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Follow The Distributed

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\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"};

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\n

\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"};

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\n

It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n

\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"};

Most Read

Subscribe To Our Newsletter

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Follow The Distributed

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\n

Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n

It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n

\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"};

Most Read

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\n
\"\"
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n

Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n

It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n

\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"};

Most Read

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\n

See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n

\"\"
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n

Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n

It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n

\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"};

Most Read

Subscribe To Our Newsletter

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\n
  • Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n

    See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n

    \"\"
    Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n

    Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n

    It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n

    \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"};

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