BNB price (Binance coin) is attempting a recovery from $202 against the US Dollar. The price could start a strong increase if it clears the $215 resistance level.

• Binance coin price is slowly moving higher from the $202 zone against the US Dollar.
• The price is now trading below $230 and the 100 simple moving average (4 hours).
• There was a break above a key bearish trend line with resistance near $208 on the 4-hour chart of the BNB/USD pair (data source from Binance).
• The pair might gain bullish momentum above $215 and $216.

Binance Coin Price Eyes Fresh Increase

In the past few days, BNB price saw a major decline from well above the $235 level. The price declined below the $225 and $220 levels to enter a bearish zone, similar to Bitcoin and Ethereum.

It even spiked below the $212 support. It tested the $202 zone and recently started an upside correction. There was a move above the $210 level. Besides, there was a break above a key bearish trend line with resistance near $208 on the 4-hour chart of the BNB/USD pair.

However, BNB price is still trading well below $230 and the 100 simple moving average (4 hours). On the upside, it is facing resistance near the $214 level. It is close to the 23.6% Fib retracement level of the downward move from the $248 swing high to the $203 low.

Source: BNBUSD on TradingView.com

A clear move above the $214 zone could send the price further higher. The next major resistance is near $225 or the 50% Fib retracement level of the downward move from the $248 swing high to the $203 low. A close above the $225 resistance might increase the chances of a push above the $230 resistance.

Another Decline in BNB?

If BNB fails to clear the $214 resistance, it could start another decline. Initial support on the downside is near the $208 level.

The next major support is near the $202 level. If there is a downside break below the $202 support, the price could drop toward the $200 support. Any more losses could send the price toward the $185 support.

Technical Indicators

4-Hours MACD – The MACD for BNB/USD is losing pace in the bearish zone.

4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently near the 50 level.

Major Support Levels – $208, $202, and $200.

Major Resistance Levels – $214, $225, and $230.

Any Bitcoin price prediction is just a guess without a basis to make the forecast. The stock-to-flow model that was once the most cited reason for expectations of higher prices has failed, leaving technical analysis, on-chain signals, and statistics as the best chance of finding future price targets.

Elliott Wave Theory is a technical analysis forecasting methodology discovered in the 1930s, which is based on identifying extremes in investor psychology combined with distinctive price behavior. With Bitcoin and other cryptocurrencies being so susceptible to the ebb and flow of investor sentiment, here is what Elliott Wave Theory suggests about what is to come for Bitcoin price.

A Brief History Of BTC Price Action

The Bitcoin price index chart begins in late 2010, with the first-ever cryptocurrency trading at only pennies on the dollar. By the end of 2011, the price per BTC grew by more than 60,000%. Before the year came to a close, it has lost 94% of its value.

From the low of approximately $2, another bullish impulse added yet another 60,000% ROI by the 2013 peak. Yet another steep corrective phase followed, cutting the cryptocurrency down by 86%.

What followed was arguably the most talked about bull run since the dot com bubble, when in 2017 Bitcoin reached nearly $20,000 per coin. By now, we can see that extreme price swings and pivots in investors sentiment lead to boom and bust cycles across crypto. Bitcoin once again found a bottom at $3,000 in 2018, which will be the basis of the remainder of the analysis.

The first wave ever and the history of Bitcoin price | Source: BTCUSD on TradingView.com

An Introduction To Elliott Wave Theory

First discovered by Ralph Nelson Elliott in the 1930s, Elliott Wave Theory is a basis for explaining how markets grow over time. The motive wave in EWT is an example of markets moving three steps forward, and two steps back.

These steps alternate back and forth between growth and corrective phases. Motive waves consist of five waves in total – with odd numbered waves moving in the direction of the primary trend, and even numbered waves moving against it.

Although corrective phases do result in a drastic decline in value, incremental growth always remains in the primary trend direction. Waves, both impulsive and corrective both appear in varying degrees and timescales.

For example, a five-wave impulse on the daily timeframe could only be a tiny portion of a multi-century Grand Supercycle. Figuring out where Bitcoin is along in its various wave cycles and degrees can help to predict future price action.

Bitcoin price prediction scenarios based on possible wave counts | Source: BTCUSD on TradingView.com

Reviewing The Current Market Cycle, According To EWT

Each wave in an impulse has unique characteristics which can help an analysis decipher where an asset is in an overall motive wave. Following the 2018 bear market bottom, crypto had a clean slate to move up from. In 2019, Bitcoin rallied to $13,800, showing the market there was still life in the speculative asset.

Nearly the entire rally retraced, which is a common characteristic of a wave 2 correction. Corrections tend to alternate between sharp and flat-style corrections. Sharp corrections are represented by zig-zags. Wave 2 behaved like a zig-zag and there is no denying that the March 2020 Black Thursday collapse was a sharp correction.

Wave 3 in Elliott Wave is typically the longest and strongest wave, marked by much wider participation than wave 1. The crowd begins piling at this point. Bitcoin gained national media attention as it reached new all-times during this wave. From there, things get more confusing.

Elliott Wave practitioners are divided among if BTCUSD completed its wave 4 and wave 5 phases already, or if wave 4 is still in progress and wave 5 is yet to come. Using these two scenarios, some targets can be considered.

Things could get extremely bearish for Bitcoin if the cycle has ended | Source: BTCUSD on TradingView.com

The Bearish And Bullish Scenarios And Targets

In the bearish scenario, a truncated wave 5 ended the Bitcoin bull run and sent the crypto market into its first true bear phase, with wave 5 of V finished and done, ending the primary cycle (pictured above).

Completed bull markets often retrace back into wave 3/4 territory when the motive wave is completed. Bearish price targets put the negative Bitcoin price prediction from anywhere between $9,000 to as low as $2,000 in a complete collapse of the market. A larger catastrophe in the stock market and housing could ultimately do the trick by pulling whatever capital that’s left out of crypto.

The bullish scenario is much more positive, and better fits with what Elliott Wave Theory calls “the right look” and proper counting. In the bullish scenario, Bitcoin is in the final stages of an expanded flat correction, and once the sentiment and price extremes are finished, the top cryptocurrency will be fast off to setting another bullish price extreme and sentiment switch, much faster than anyone is prepared for.

BTC appears to be in the final stages of an expanded flat wave 4 correction | Source: BTCUSD on TradingView.com

Using EWT To Make A Bitcoin Price Prediction

The magic behind Elliott Wave Theory and why it influences growth in financial markets is due to its relationships with Fibonacci numbers. Fibonacci numbers are based on the Fibonacci sequence, which is related to the golden ratio. The Fibonacci sequence reads 0, 1, 1, 2, 3, 5, 8, 13, 21 and so on.

In Elliott Wave Theory, there are 21 corrective patterns ranging from simple to complex. A motive wave is 5 waves up, while corrective waves are 3 waves down, creating a total of 8 when added them up. A full realized impulse wave with all sub-waves is 21 waves up, while corrective phases are up to 13 waves down. Every Fibonacci number from the sequence is included in some capacity.

Corrections also stop at Fibonacci retracement levels, and impulses reach Fibonacci extensions as price targets. Wave 5 is usually equal to wave 1 or wave 3 in terms of magnitude. If wave 5 is extended, and it often is in crypto, wave 5’s target could fall somewhere between 1.618 of wave 3, or 1.618 of the sum of wave 1 and wave 3.

Bitcoin price reached the 3.618 extension from the bear market bottom, making it possible that the top cryptocurrency overshoots once again. On the lowest end, a 1.618 price target would put the peak of BTC for this cycle somewhere close to $96,000 per coin, while another 3.618 extension could take the top cryptocurrency all the way to $194,000 per BTC.

This makes the Bitcoin price prediction using EWT anywhere between $100K to $200K before the cycle is over. You can watch this Bitcoin price prediction unfold in real-time by bookmarking the idea on TradingView.

A possible Bitcoin price prediction based on Fibonacci extensions | Source: BTCUSD on TradingView.com

https://twitter.com/tonyspilotroBTC/status/1600885290604048390

Featured image from iStockPhoto, Charts from TradingView.com

Some coins from the top 10 list are bouncing back, while others keep falling, according to CoinStats.

XRP/USD

The price of XRP has risen by 1.1% since yesterday.

On the hourly chart, the rate of XRP has broken the local resistance level of $0.4802. If the daily bar closes above it, the rise may continue to the $0.49 zone tomorrow.

On the bigger time frame, one should pay attention to the previous candle high as the price is far from key levels. 

If buyers can hold the gained initiative, the upward move may lead to the test of a $0.49-$0.50 zone soon.

From the midterm point of view, neither bulls nor nears are dominating. However, until the price is below the vital $0.50 mark, there is still a chance to see one more correction wave.

XRP is trading at $0.4826 at press time.

About the author


Denys Serhiichuk

MATIC price is rising from the $1.02 support zone. Polygon bulls seem to be back and they could soon aim a move toward the $1.25 resistance zone.

• MATIC price started a decent increase above the $1.12 resistance against the US dollar.
• The price is trading above $1.10 and the 100 simple moving average (4-hour).
• There was a break above a key contracting triangle with resistance near $1.10 on the 4-hours chart of the MATIC/USD pair (data source from Kraken).
• The pair could continue to rise if it clears the $1.165 resistance zone.

Polygon’s MATIC Price Climbs 5%

In the past few days, polygon’s price saw a decent increase from the $1.02 support zone. MATIC climbed above the $1.05 and $1.06 resistance levels to move into a positive zone.

Recently, Ethereum saw an upside break above $1,850 while Bitcoin remained in a range. MATIC also followed ETH and was able to climb over 5%. There was a break above the 50% Fib retracement level of the downward move from the $1.2528 swing high to the $1.027 low.

Besides, there was a break above a key contracting triangle with resistance near $1.10 on the 4-hours chart of the MATIC/USD pair. It is now trading above $1.10 and the 100 simple moving average (4-hour).

Immediate resistance is near the $1.165 level. It is close to the 61.8% Fib retracement level of the downward move from the $1.2528 swing high to the $1.027 low. If there is an upside break above the $1.165 resistance level, the price could start another strong increase.

Source: MATICUSD on TradingView.com

The next major resistance is near $1.22, above which the price could rise toward the $1.25 level. In the stated case, the price could even attempt a move toward the $1.265 level or $1.28.

Are Dips Limited in MATIC?

If MATIC’s price fails to rise above the $1.165 resistance level, it could start a downside correction. Immediate support on the downside is near the $1.132 level.

The main support is near the $1.12 level. A downside break below the $1.12 level could open the doors for a fresh decline toward $1.08. The next major support is near the $1.02 level.

Technical Indicators

4 hours MACD – The MACD for MATIC/USD is gaining momentum in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for MATIC/USD is now above the 50 level.

Major Support Levels – $1.10 and $1.08.

Major Resistance Levels – $1.165, $1.18, and $1.22.

The market is trading sideways at the beginning of the weekend, according to CoinMarketCap.

DOGE/USD

The price of DOGE has declined by 4% over the last day.

On the hourly chart, the rate of DOGE is near the local resistance level of $0.1371. If it breaks out, the upward move may continue to the $0.14 zone tomorrow.

On the bigger time frame, neither bulls nor bears are dominating. At the moment, one should pay attention to the $0.13 zone. 

If it breaks out happens, the correction may lead to the test of the $0.1225 support.

From the midterm point of view, sellers remain more powerful than buyers. If the weekly bar closes around current prices, traders may witness a test of the $0.12 zone.

DOGE is trading at $0.1367 at press time.

About the author


Denys Serhiichuk

Investment giant VanEck recently made a bold prediction regarding Ethereum’s future. The firm raised its prediction for Ethereum to $22,000 by 2030, a significant increase from its current price. This prediction hinges on factors like the approval of spot-based Ethereum ETFs, positive on-chain data, and the network’s ongoing scaling advancements.

This significant growth projection for Ethereum naturally leads to questions about the impact on other cryptocurrencies, particularly those with close ties. Cardano (ADA), created by Ethereum co-founder, Charles Hoskinson, is one such asset being closely watched.

Read Also: Cardano (ADA) Price Prediction: Analyst Sets Timeline for $10 

Ethereum’s Surge as a Potential Launchpad for Cardano

Cardano and Ethereum are decentralized platforms that allow developers to build and deploy smart contracts. Cardano positions itself as a next-generation blockchain, aiming to address scalability and sustainability challenges faced by Ethereum.

The cryptocurrency market often exhibits a degree of correlation, particularly between prominent assets like Bitcoin and Ethereum. ADA’s price has historically demonstrated some correlation with these cryptocurrencies. Given this, Cardano could mirror Ethereum’s surge to a significant extent.

Cardano’s Potential Trajectory

Reaching $22,000 by 2030 would require a 544.6% increase from Ethereum’s current price of $3,412.98. ADA is trading at $0.4059, and if it mirrors Ethereum’s surge, it could reach $2.21. Although this is a significant increase, it falls short of ADA’s all-time high of $3.1, and this target might not satisfy some investors.

6 years is also a long time for investors to wait for this target. However, a prominent analyst recently predicted that ADA will reach $2 much sooner, expecting the digital asset to reach that target by August 2024.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Other Opinions on ADA’s Future

Interestingly, the artificial intelligence language model ChatGPT offers a different estimate. ChatGPT believes ADA will reach $5 if Ethereum reaches $22,000 by 2030. This is a significant jump, but ChatGPT did not provide a rationale for this prediction.

Read Also: ChatGPT Predicts Cardano (ADA) Price for June 30, 2024

Crypto exchange Changelly offers a more bullish outlook, placing ADA’s price range between $6.06 and $7.04 for 2030. Their average price prediction sits at $6.22. Telegaon, a well-regarded crypto prediction platform, presents an even more optimistic outlook. Their projections range from a minimum of $7.78 to a maximum of $9.08 for ADA by 2030, with an average target of $8.16.

Cardano is about to hit a major milestone, and the upcoming upgrade could provide the launchpad for the digital asset to start climbing toward these lofty targets.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Times Tabloid is not responsible for any financial losses.

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Denys Serhiichuk

Are there any prerequisites for bounce back of Binance Coin (BNB)?

According to CoinStats, the market might not have found a reversal zone yet.

BNB/USD

The price of Binance Coin (BNB) has declined by 0.57% over the last 24 hours.

On the hourly chart, the rate of BNB is in the middle of the local channel. At the moment, one should pay attention to the vital zone of $600. 

If buyers can hold the price above it, there is a chance to see a resistance breakout tomorrow.

On the bigger time frame, the rate of the native exchange coin has once again bounced off the support of $595.8. If the daily bar closes far from it, the upward move may continue to the $620-$640 zone.

From the midterm point of view, one should pay attention to the bar’s closure in terms of the last candle low. If it happens below $600, the correction is likely to continue to the $550 area within the next few days.

BNB is trading at $603.4 at press time.

About the author


Denys Serhiichuk

Year	Minimum Price	Average Price	Maximum Price
2024	$4,215.58	$4,341.57	$4,773.52
2025	$5,907.41	$6,124.39	$7,194.28
2026	$8,232.18	$8,477.15	$10,283.97
2027	$11,892.81	$12,316.77	$14,527.55
2028	$18,352.16	$18,968.10	$20,942.91
2029	$26,883.31	$27,831.22	$31,829.82
2030	$38,664.13	$40,055.99	$47,066.29
2031	$56,588.34	$58,191.18	$67,571.24
2032	$87,586.24	$90,495.95	$98,973.10
2033	$126,956.30	$131,481.85	$150,114.99
2040	$168,296.17	$184,074.59	$193,277.67
2050	$226,147.38	$244,555.54	$259,018.10

• Our real-time ETH to USD price update shows the current Ethereum price as $3,556.84 USD.
• Our most recent Ethereum price forecast indicates that its value will increase by 1.49% and reach $3,609.93 by June 16, 2024.
• Our technical indicators signal about the Neutral Bullish 50% market sentiment on Ethereum, while the Fear & Greed Index is displaying a score of 74 (Greed).
• Over the last 30 days, Ethereum has had 16/30 (53%) green days and 7.86% price volatility.

Ethereum (ETH) Technical Overview

When discussing future trading opportunities of digital assets, it is essential to pay attention to market sentiments.

Ethereum Profit Calculator

Ethereum (ETH) Price Prediction For Today, Tomorrow and Next 30 Days

Date	Price	Change
June 15, 2024	$3,572.25	0.43%
June 16, 2024	$3,591.45	0.97%
June 17, 2024	$3,609.93	1.49%
June 18, 2024	$3,636.82	2.25%
June 19, 2024	$3,657.69	2.84%
June 20, 2024	$3,659.16	2.88%
June 21, 2024	$3,630.92	2.08%
June 22, 2024	$3,590.71	0.95%
June 23, 2024	$3,587.26	0.86%
June 24, 2024	$3,595.91	1.1%
June 25, 2024	$3,614.69	1.63%
June 26, 2024	$3,646.19	2.51%
June 27, 2024	$3,658.87	2.87%
June 28, 2024	$3,656.23	2.79%
June 29, 2024	$3,657.93	2.84%
June 30, 2024	$3,660.71	2.92%
July 01, 2024	$3,653.95	2.73%
July 02, 2024	$3,649.05	2.59%
July 03, 2024	$3,655.13	2.76%
July 04, 2024	$3,653.71	2.72%
July 05, 2024	$3,643.73	2.44%
July 06, 2024	$3,629.30	2.04%
July 07, 2024	$3,625.91	1.94%
July 08, 2024	$3,619.75	1.77%
July 09, 2024	$3,617.31	1.7%
July 10, 2024	$3,629.20	2.03%
July 11, 2024	$3,643.04	2.42%
July 12, 2024	$3,645.78	2.5%
July 13, 2024	$3,647.79	2.56%
July 14, 2024	$3,659.29	2.88%

Ethereum Prediction Table

Ethereum Historical

According to the latest data gathered, the current price of Ethereum is $$3,762.59, and ETH is presently ranked No. 2 in the entire crypto ecosystem. The circulation supply of Ethereum is $451,994,509,854.32, with a market cap of 120,128,511 ETH.

In the past 24 hours, the crypto has increased by $120.03 in its current value.

For the last 7 days, ETH has been in a good upward trend, thus increasing by 29.61%. Ethereum has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.

During the last month, the price of ETH has increased by 16.61%, adding a colossal average amount of $624.97 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.

Ethereum Price Prediction 2024

According to the technical analysis of Ethereum prices expected in 2024, the minimum cost of Ethereum will be $2,831.77. The maximum level that the ETH price can reach is $3,343.84. The average trading price is expected around $3,855.90.

ETH Price Forecast for June 2024

Based on the price fluctuations of Ethereum at the beginning of 2024, crypto experts expect the average ETH rate of $3,616.48 in June 2024. Its minimum and maximum prices can be expected at $3,572.25 and at $3,660.71, respectively.

July 2024: Ethereum Price Forecast

Cryptocurrency experts are ready to announce their forecast for the ETH price in July 2024. The minimum trading cost might be $3,362.69, while the maximum might reach $3,818.51 during this month. On average, it is expected that the value of Ethereum might be around $3,590.60.

ETH Price Forecast for August 2024

Crypto analysts have checked the price fluctuations of Ethereum in 2024 and in previous years, so the average ETH rate they predict might be around $3,404.96 in August 2024. It can drop to $3,191.79 as a minimum. The maximum value might be $3,618.13.

September 2024: Ethereum Price Forecast

In the middle of the year 2023, the ETH price will be traded at $3,407.57 on average. September 2024 might also witness an increase in the Ethereum value to $3,609.91. It is assumed that the price will not drop lower than $3,205.23 in September 2024.

ETH Price Forecast for October 2024

Crypto experts have analyzed Ethereum prices in 2024, so they are ready to provide their estimated trading average for October 2024 — $3,421.78. The lowest and peak ETH rates might be $3,149.73 and $3,693.82.

November 2024: Ethereum Price Forecast

Crypto analysts expect that at the end of summer 2024, the ETH price will be around $3,639.19. In November 2024, the Ethereum cost may drop to a minimum of $3,422.48. The expected peak value might be $3,855.90 in November 2024.

ETH Price Forecast for December 2024

Having analyzed Ethereum prices, cryptocurrency experts expect that the ETH rate might reach a maximum of $3,621.28 in December 2024. It might, however, drop to $2,831.77. For December 2024, the forecasted average of Ethereum is nearly $3,226.53.

January 2025: Ethereum Price Forecast

In the middle of autumn 2024, the Ethereum cost will be traded at the average level of $2,924.16. Crypto analysts expect that in January 2025, the ETH price might fluctuate between $2,805.12 and $3,043.19.

ETH Price Forecast for February 2025

Market experts expect that in February 2025, the Ethereum value will not drop below a minimum of $2,725.47. The maximum peak expected this month is $3,157.09. The estimated average trading value will be at the level of $2,941.28.

Ethereum Price Prediction 2025

After the analysis of the prices of Ethereum in previous years, it is assumed that in 2025, the minimum price of Ethereum will be around $5,774. The maximum expected ETH price may be around $6,878. On average, the trading price might be $5,975 in 2025.

Month	Minimum Price	Average Price	Maximum Price
January 2025	$3,076.96	$4,032.49	$3,638.35
February 2025	$3,322.14	$4,209.08	$3,932.87
March 2025	$3,567.33	$4,385.68	$4,227.38
April 2025	$3,812.51	$4,562.27	$4,521.89
May 2025	$4,057.70	$4,738.86	$4,816.41
June 2025	$4,302.89	$4,915.45	$5,110.92
July 2025	$4,548.07	$5,092.04	$5,405.43
August 2025	$4,793.26	$5,268.63	$5,699.95
September 2025	$5,038.44	$5,445.23	$5,994.46
October 2025	$5,283.63	$5,621.82	$6,288.97
November 2025	$5,528.81	$5,798.41	$6,583.49
December 2025	$5,774	$5,975	$6,878

Ethereum Price Prediction 2026

Based on the technical analysis by cryptocurrency experts regarding the prices of Ethereum, in 2026, ETH is expected to have the following minimum and maximum prices: about $8,468 and $10,068, respectively. The average expected trading cost is $8,767.

Month	Minimum Price	Average Price	Maximum Price
January 2026	$5,998.50	$6,207.67	$7,143.83
February 2026	$6,223	$6,440.33	$7,409.67
March 2026	$6,447.50	$6,673	$7,675.50
April 2026	$6,672	$6,905.67	$7,941.33
May 2026	$6,896.50	$7,138.33	$8,207.17
June 2026	$7,121	$7,371	$8,473
July 2026	$7,345.50	$7,603.67	$8,738.83
August 2026	$7,570	$7,836.33	$9,004.67
September 2026	$7,794.50	$8,069	$9,270.50
October 2026	$8,019	$8,301.67	$9,536.33
November 2026	$8,243.50	$8,534.33	$9,802.17
December 2026	$8,468	$8,767	$10,068

Ethereum Price Prediction 2027

The experts in the field of cryptocurrency have analyzed the prices of Ethereum and their fluctuations during the previous years. It is assumed that in 2027, the minimum ETH price might drop to $12,301, while its maximum can reach $14,967. On average, the trading cost will be around $12,739.

Month	Minimum Price	Average Price	Maximum Price
January 2027	$8,787.42	$9,098	$10,476.25
February 2027	$9,106.83	$9,429	$10,884.50
March 2027	$9,426.25	$9,760	$11,292.75
April 2027	$9,745.67	$10,091	$11,701
May 2027	$10,065.08	$10,422	$12,109.25
June 2027	$10,384.50	$10,753	$12,517.50
July 2027	$10,703.92	$11,084	$12,925.75
August 2027	$11,023.33	$11,415	$13,334
September 2027	$11,342.75	$11,746	$13,742.25
October 2027	$11,662.17	$12,077	$14,150.50
November 2027	$11,981.58	$12,408	$14,558.75
December 2027	$12,301	$12,739	$14,967

Ethereum Price Prediction 2028

Based on the analysis of the costs of Ethereum by crypto experts, the following maximum and minimum ETH prices are expected in 2028: $21,328 and $17,694. On average, it will be traded at $18,331.

Month	Minimum Price	Average Price	Maximum Price
January 2028	$12,750.42	$13,205	$15,497.08
February 2028	$13,199.83	$13,671	$16,027.17
March 2028	$13,649.25	$14,137	$16,557.25
April 2028	$14,098.67	$14,603	$17,087.33
May 2028	$14,548.08	$15,069	$17,617.42
June 2028	$14,997.50	$15,535	$18,147.50
July 2028	$15,446.92	$16,001	$18,677.58
August 2028	$15,896.33	$16,467	$19,207.67
September 2028	$16,345.75	$16,933	$19,737.75
October 2028	$16,795.17	$17,399	$20,267.83
November 2028	$17,244.58	$17,865	$20,797.92
December 2028	$17,694	$18,331	$21,328

Ethereum Price Prediction 2029

Crypto experts are constantly analyzing the fluctuations of Ethereum. Based on their predictions, the estimated average ETH price will be around $27,692. It might drop to a minimum of $26,959, but it still might reach $31,307 throughout 2029.

Month	Minimum Price	Average Price	Maximum Price
January 2029	$18,466.08	$19,111.08	$22,159.58
February 2029	$19,238.17	$19,891.17	$22,991.17
March 2029	$20,010.25	$20,671.25	$23,822.75
April 2029	$20,782.33	$21,451.33	$24,654.33
May 2029	$21,554.42	$22,231.42	$25,485.92
June 2029	$22,326.50	$23,011.50	$26,317.50
July 2029	$23,098.58	$23,791.58	$27,149.08
August 2029	$23,870.67	$24,571.67	$27,980.67
September 2029	$24,642.75	$25,351.75	$28,812.25
October 2029	$25,414.83	$26,131.83	$29,643.83
November 2029	$26,186.92	$26,911.92	$30,475.42
December 2029	$26,959	$27,692	$31,307

Ethereum Price Prediction 2030

Every year, cryptocurrency experts prepare forecasts for the price of Ethereum. It is estimated that ETH will be traded between $40,849 and $46,761 in 2030. Its average cost is expected at around $42,234 during the year.

Month	Minimum Price	Average Price	Maximum Price
January 2030	$28,116.50	$28,903.83	$32,594.83
February 2030	$29,274	$30,115.67	$33,882.67
March 2030	$30,431.50	$31,327.50	$35,170.50
April 2030	$31,589	$32,539.33	$36,458.33
May 2030	$32,746.50	$33,751.17	$37,746.17
June 2030	$33,904	$34,963	$39,034
July 2030	$35,061.50	$36,174.83	$40,321.83
August 2030	$36,219	$37,386.67	$41,609.67
September 2030	$37,376.50	$38,598.50	$42,897.50
October 2030	$38,534	$39,810.33	$44,185.33
November 2030	$39,691.50	$41,022.17	$45,473.17
December 2030	$40,849	$42,234	$46,761

Ethereum Price Prediction 2031

Cryptocurrency analysts are ready to announce their estimations of the Ethereum’s price. The year 2031 will be determined by the maximum ETH price of $69,708. However, its rate might drop to around $57,340. So, the expected average trading price is $59,030.

Month	Minimum Price	Average Price	Maximum Price
January 2031	$42,223.25	$43,633.67	$48,673.25
February 2031	$43,597.50	$45,033.33	$50,585.50
March 2031	$44,971.75	$46,433	$52,497.75
April 2031	$46,346	$47,832.67	$54,410
May 2031	$47,720.25	$49,232.33	$56,322.25
June 2031	$49,094.50	$50,632	$58,234.50
July 2031	$50,468.75	$52,031.67	$60,146.75
August 2031	$51,843	$53,431.33	$62,059
September 2031	$53,217.25	$54,831	$63,971.25
October 2031	$54,591.50	$56,230.67	$65,883.50
November 2031	$55,965.75	$57,630.33	$67,795.75
December 2031	$57,340	$59,030	$69,708

Ethereum Price Prediction 2032

After years of analysis of the Ethereum price, crypto experts are ready to provide their ETH cost estimation for 2032. It will be traded for at least $83,654, with the possible maximum peaks at $100,693. Therefore, on average, you can expect the ETH price to be around $86,605 in 2032.

Month	Minimum Price	Average Price	Maximum Price
January 2032	$59,532.83	$61,327.92	$72,290.08
February 2032	$61,725.67	$63,625.83	$74,872.17
March 2032	$63,918.50	$65,923.75	$77,454.25
April 2032	$66,111.33	$68,221.67	$80,036.33
May 2032	$68,304.17	$70,519.58	$82,618.42
June 2032	$70,497	$72,817.50	$85,200.50
July 2032	$72,689.83	$75,115.42	$87,782.58
August 2032	$74,882.67	$77,413.33	$90,364.67
September 2032	$77,075.50	$79,711.25	$92,946.75
October 2032	$79,268.33	$82,009.17	$95,528.83
November 2032	$81,461.17	$84,307.08	$98,110.92
December 2032	$83,654	$86,605	$100,693

Ethereum Price Prediction 2033

Cryptocurrency analysts are ready to announce their estimations of the Ethereum’s price. The year 2033 will be determined by the maximum ETH price of $147,206. However, its rate might drop to around $116,693. So, the expected average trading price is $121,024.

Month	Minimum Price	Average Price	Maximum Price
January 2033	$86,407.25	$89,473.25	$104,569.08
February 2033	$89,160.50	$92,341.50	$108,445.17
March 2033	$91,913.75	$95,209.75	$112,321.25
April 2033	$94,667	$98,078	$116,197.33
May 2033	$97,420.25	$100,946.25	$120,073.42
June 2033	$100,173.50	$103,814.50	$123,949.50
July 2033	$102,926.75	$106,682.75	$127,825.58
August 2033	$105,680	$109,551	$131,701.67
September 2033	$108,433.25	$112,419.25	$135,577.75
October 2033	$111,186.50	$115,287.50	$139,453.83
November 2033	$113,939.75	$118,155.75	$143,329.92
December 2033	$116,693	$121,024	$147,206

Ethereum Price Prediction 2040

According to the technical analysis of Ethereum prices expected in 2040, the minimum cost of Ethereum will be $169,433. The maximum level that the ETH price can reach is $190,008. The average trading price is expected around $177,905.

Month	Minimum Price	Average Price	Maximum Price
January 2040	$121,088	$125,764.08	$150,772.83
February 2040	$125,483	$130,504.17	$154,339.67
March 2040	$129,878	$135,244.25	$157,906.50
April 2040	$134,273	$139,984.33	$161,473.33
May 2040	$138,668	$144,724.42	$165,040.17
June 2040	$143,063	$149,464.50	$168,607
July 2040	$147,458	$154,204.58	$172,173.83
August 2040	$151,853	$158,944.67	$175,740.67
September 2040	$156,248	$163,684.75	$179,307.50
October 2040	$160,643	$168,424.83	$182,874.33
November 2040	$165,038	$173,164.92	$186,441.17
December 2040	$169,433	$177,905	$190,008

Ethereum Price Prediction 2050

After the analysis of the prices of Ethereum in previous years, it is assumed that in 2050, the minimum price of Ethereum will be around $225,104. The maximum expected ETH price may be around $240,838. On average, the trading price might be $233,577 in 2050.

Month	Minimum Price	Average Price	Maximum Price
January 2050	$174,072.25	$182,544.33	$194,243.83
February 2050	$178,711.50	$187,183.67	$198,479.67
March 2050	$183,350.75	$191,823	$202,715.50
April 2050	$187,990	$196,462.33	$206,951.33
May 2050	$192,629.25	$201,101.67	$211,187.17
June 2050	$197,268.50	$205,741	$215,423
July 2050	$201,907.75	$210,380.33	$219,658.83
August 2050	$206,547	$215,019.67	$223,894.67
September 2050	$211,186.25	$219,659	$228,130.50
October 2050	$215,825.50	$224,298.33	$232,366.33
November 2050	$220,464.75	$228,937.67	$236,602.17
December 2050	$225,104	$233,577	$240,838

Ethereum, alongside Bitcoin and Dogecoin, is one of those cryptocurrencies that are well-known even outside of the crypto community. And it is for a good reason — Ethereum is one of the most feature-rich and interesting blockchains out there.

Besides being an incredibly innovative technology, Ethereum is also a great asset for investment. Unlike small altcoins, it has less of a chance to crash and burn, but it still has the potential to moon and bring its investors astronomical profits.

In this article, we will attempt to forecast how Ethereum’s price may behave in the future. Please remember that due to the unpredictable and volatile nature of the cryptocurrency market, all crypto price predictions should be taken with a grain of salt. This article does not constitute investment advice.

What Is Ethereum?

The best way to become a better investor, capitalize on your initial investment, and increase your profit is to learn more about the asset you’re working with. While cryptocurrency prices — unlike those of traditional assets, such as stocks — are more speculative in nature and rely a lot less on their intrinsic value, they still depend in some ways on what the coin/token can and is supposed to be able to do. For example, cryptocurrencies like Polkadot may see a surge in price if their ability to provide blockchain interoperability suddenly becomes especially in demand. 

As a famous and popular cryptocurrency, Ethereum and its functionality aren’t exactly shrouded in mystery — most people have heard about its connection to smart contracts, NFTs, and DeFi. However, that’s not all there is to that coin since Ether has even more to offer.

Ethereum was launched back in 2015 and is famous for being a decentralized and open-source proof-of-stake blockchain with smart contracts functionality. Unlike Bitcoin, Ethereum has an uncapped supply.

One of the biggest challenges that Ethereum has to overcome in the near future is its ever-rising transaction fees — or, as they’re called for this particular network, gas fees. The more people use Ethereum, the higher those gas fees become, making the coin’s growing popularity a double-edged sword. More and more cryptocurrencies with similar functionalities but cheaper transaction costs and higher throughput, like Solana (SOL), continue to emerge. This problem has existed in the Ethereum network for quite some time, and many crypto enthusiasts hoped for an improvement with the cryptocurrency’s transition from the proof-of-work consensus mechanism to a new transaction verification algorithm. However, the transition to the proof-of-stake algorithm has not significantly affected the cost of commissions. 

At the end of the day, what sets ETH apart from other coins is the variety of this cryptocurrency’s functions. Ethereum has a ton of cool features and plans for the future — this is why this cryptocurrency is as popular among crypto investors as it is. ETH isn’t just a speculative asset; it has actual value.

Ethereum Functionality

One of Ethereum’s biggest strengths is its variety of use cases, and the list keeps on growing every year. As long as the coin’s team continues to develop the blockchain and introduce new innovative features, as well as actually implementing everything they’ve promised, Ethereum will likely continue to grow and prosper.

Smart Contracts

Smart contracts are self-executing orders that can be written directly into lines of code and are an essential part of the Ethereum network. They outline the agreement terms between the buyer and seller and enable trustless, anonymous transactions on the blockchain. Basically, smart contracts represent a set of rules that determines the way of executing a transaction.

This technology takes credit for making crypto transactions traceable, transparent, and irreversible.

Learn more about smart contracts here.

NFT

Non-fungible tokens, or NFTs, are fully unique crypto tokens that have their own identification codes and metadata that allow them to be distinguishable from other similar tokens. As a result, NFTs of the same type cannot be traded 1-for-1 — they all have their own unique values.

NFTs have a bright future ahead of them: they are one of those cryptocurrency-related services that can be easily implemented in non-crypto fields, such as art, music, and so on. The success of NFTs is sure to attract new investors to ETH.

DApps

Decentralized applications, or dApps for short, are computer applications that run on various decentralized systems. The Ethereum blockchain is the most popular platform for dApp deployment. There are already hundreds of dApps on Ethereum, and they cover a wide range of services, from games to investment.

While dApps are rapidly gaining popularity, there are a lot of challenges that prevent them from becoming mainstream: for one, they are rather inaccessible to the general public. Although, in reality, they are easy to use (users can interact directly with dApps from within an ETH wallet), most people seem hesitant to try them out. As more businesses adopt dApps, making them the norm, the value and market capitalization of ETH are sure to go up — after all, all dApp actions cost a fee.

Blockchain in Retail: Fashion, Agriculture and Food Industry, Healthcare, Banking. 

DeFi

Decentralized finance, or DeFi, is a new blockchain-based financial technology that allows users to perform trustless transactions without the involvement of third parties, such as banks.

DeFi might very well be one of the most applicable and innovative use cases of blockchain technology: it allows people to take back control of their money by enabling decentralized, quick, and cheap money transfers.

Learn more about DeFi here. 

The Merge (Formerly Ethereum 2.0)

Last year, the Ethereum blockchain, which powers most of the crypto industry, completed the long-promised and often-delayed “Merge,” a technical change in the way it functions. 

The launch of The Merge (previously named Ethereum 2.0) was probably one of the most anticipated events in the crypto industry. The change (almost) everyone was excited about was the switch from the proof-of-work consensus mechanism to the proof-of-stake one. This solution was intended to remove one of the biggest issues the general public has with crypto — how unsustainable it is. Additionally, ETH 2.0 was meant to help solve the scalability problem that the Ethereum network has been facing.

As of right now, Ethereum employs an algorithm that chooses a new block creator randomly. The candidate is picked from among those who have staked their Ether (the native coin of the Ethereum blockchain) in exchange for the opportunity to perform the work and get payment for it. One’s chances of being selected to build the new block increase with the amount of ether they stake. The entire purpose of a blockchain with a consensus mechanism is to avoid the need for centralized middlemen to validate transactions. Without true decentralization, one must question whether Ethereum’s other issues are worth it.

For instance, the Ethereum blockchain is renowned for congestion during peak hours, which appears as delayed processing times for transactions and variable transaction costs (also known as “gas fees”). The Merge has not altered how gas prices are computed or imposed, although during peak hours they can be prohibitive for consumers attempting to perform smaller transactions (in May 2022, the average daily gas fees reached nearly $200).

Ethereum’s First Hard Fork – Shanghai (Shapella) Upgrade

The Shanghai hard fork signifies Ethereum’s definitive shift from proof of work (PoW) to proof of stake (PoS), enabling users to unstake their ETH through EIP-4895. Besides this, Shanghai includes changes aimed at enhancing transaction efficiency and lowering gas fees for decentralized apps, specifically EIP-3651, EIP-3855, and EIP-3860.

Ethereum also received a substantial technological advancement in the form of the Capella upgrade, which coincided with the Shanghai upgrade. These two pivotal enhancements collectively formed what is now known in the crypto community as “Shapella,” a portmanteau of Shanghai and Capella. Starting from April 12, this upgrade allowed the withdrawal of around 18 million tokens, valued at $35 billion, that were locked in staking contracts. Instead of leading to anticipated selling pressure and a potential price crash, the upgrade saw the ETH price rally to $2,100, its highest in 11 months.

Ethereum Price Predictions for 2024 by Experts

Just like the majority of digital currencies in the crypto industry, ETH had a great time in 2023. Despite its bad start, the year proved to be a good one for cryptocurrencies: the Ethereum price, in particular, saw a 60% increase over the whole of 2023, reaching over $2,500.

With all the updates and the vast amount of projects relying on the Ethereum blockchain network, it is no surprise that ETH is one of the most popular cryptocurrencies among both regular investors and industry experts. Let’s see what Ethereum forecasts they can share with us.

Finder

Finder is a website that bases its price predictions on analysis from a panel of expert analysts. According to their panelists, Ethereum might cross over the $5.8K mark by 2025 and even reach $14K in 2030. Additionally, the majority of their analysts think that the current price of Ethereum is not overpriced.

Wallet Investor

Wallet Investor is bearish on the Ethereum cryptocurrency in 2024. They expect the ETH price to hit $1,900 by the end of 2024. Overall, they consider it to be a bad long-term investment. However, their Ethereum technical analysis shows that the digital currency’s price movement can still be bullish in the short term.

Gov Capital

Gov Capital’s Ethereum price prediction includes brief periods of growth followed by sell-offs, with the cycle repeating itself over and over again. 

That said, Gov Capital is still bullish on Ethereum in the long run. According to Gov Capital’s Ethereum price forecast for 2024, the coin might reach $3.5K by the end of the year, before rising to just under $5.2K by the end of 2025 and a little less than $8.3K by the end of 2026.

CryptoPredictions (TradingBeasts)

Experts from TradinigBeasts (which now posts crypto price predictions on a separate website) also conducted their own technical analysis of Ethereum and prepared their forecast of the ETH price for the next few years. According to it, the average price of the ETH coin will fluctuate around $2K this year.

DigitalCoinPrice

DigitalCoinPrice are rather positive in their Ethereum price prediction. According to their analysis of forecast data, the price of ETH is expected to overcome the level of $5.5K this year. They believe that the Ethereum price will keep going up throughout the year, potentially even reaching $9K in 2026.

Other Crypto Experts

In general, most experts have a positive outlook on Ethereum’s price. This coin’s functionality, established reputation, and steadily released updates instill a lot of faith in it — there’s hardly any other crypto project out there that has all these qualities. Even if the crypto market gets affected by strict regulation, Ethereum will still have the potential to remain relevant and a worthwhile investment.

What’s Next for Ethereum? Experts’ Long-Term Price Predictions

While there is a mix of conservative and optimistic predictions for Ethereum’s price in the short term, the overall sentiment tilts towards a cautious approach in the near future, reflecting the uncertainties and volatility typical of the crypto market. Experts like Anthony Sano and Credible Crypto propose highly bullish forecasts, suggesting Ethereum could soar to between $10,000 and $20,000 by 2024. However, others, including Rekt Capital and Michaël van de Poppe, offer more moderate predictions, ranging from $2,600 to $3,800.

In the mid to long term, the outlook appears more unanimously bullish. CoinPriceForecast indicates a gradual but steady increase from 2025 to 2030, with Ethereum’s price potentially rising from $2,097 to $5,100. This growth is further supported by the anticipated impact of Ethereum’s EIP-4844 upgrade or “Protodanksharding,” which experts like Raoul Pal believe could push Ethereum to new heights, possibly around $5,300.

Institutional adoption and improvements in network efficiency are also seen as key drivers for Ethereum’s growth. The potential approval of an Ethereum ETF and the increasing interest from major financial entities could provide a significant boost, positioning Ethereum favorably in the competition with other cryptocurrencies.

ETH Price Predictions: FAQ

What will Ethereum be worth in 2025?

Forecasting the potential price of Ethereum in 2025 necessitates a thorough analysis of the existing market and comprehension of cryptocurrency asset price fluctuations. Drawing from the perspectives of cryptocurrency specialists and market analysts and factoring in fundamental analysis, the price projection for Ethereum (ETH) in 2025 might reach the $5K mark.

How much will 1 ETH cost in 2030?

It seems like Ethereum (ETH) is poised to maintain a significant role in the digital landscape, even if we look as far as 2030. Given the consistent rise of blockchain technology and cryptocurrency, it’s plausible to assert that ETH will retain its relevance in the following decades. The capabilities for applications to leverage smart contracts on the Ethereum platform impart a considerable degree of future resilience and utility for its users. It is challenging to make precise predictions for the value of ETH in 6 years, yet some speculate that it could turn out to be a highly valuable asset, with a potential average price of around $10,000.

Will Ethereum reach $20,000?

The question of whether Ethereum will reach $20,000 is one that engages speculation and expert analysis. While some industry experts believe that Ethereum could reach this figure, it’s important to note that such a climb would require a significant increase in market capitalization and widespread adoption of Ethereum technology. Given the current rate of growth and the general unpredictability of cryptocurrency markets, it’s plausible that Ethereum could hit $20,000, but not necessarily within the next ten years. This is a sentiment that takes into account market volatility, regulatory factors, and technological advancements.

Can Ethereum crash to zero?

As for Ethereum potentially crashing to zero, while any investment comes with risks, Ethereum losing its entire value seems highly unlikely. Ethereum’s established presence, pioneering smart contracts, and a vast array of applications in fields like decentralized finance (DeFi) and non-fungible tokens (NFTs) provide it with a substantial base. Additionally, with the upcoming transition to Ethereum 2.0, which intends to improve scalability and security, the network is likely to maintain its relevance. Thus, while price fluctuations are part and parcel of the cryptocurrency market, a complete crash to zero seems highly improbable for Ethereum.

Will Ethereum ever overtake Bitcoin?

Although everything is possible, Ethereum’s price is unlikely to overtake Bitcoin ever. That said, ETH has the potential to overtake BTC in terms of market cap since it has an uncapped supply.

Should I invest money in Ethereum?

If it aligns with your investment objectives, then yes. Ethereum will be a great fit for many portfolios — just make sure you are okay with taking on the risk associated with all crypto assets. This is not investing advice in any way; conduct your own research to prevent the significant danger of losing money quickly.

Can Ethereum reach $100K?

As to whether Ethereum can reach $100K, it’s crucial to bear in mind that predicting cryptocurrency prices is a highly speculative endeavor due to the market’s inherent volatility. Factors such as regulatory changes, technological advancements, market demand, and the overall economic climate can all impact Ethereum’s price. Furthermore, Ethereum would require market capitalization in trillions to reach such a value, which is a significant increase from its current level. While it’s not impossible, given the exponential growth we’ve seen in the crypto space, it would still be a monumental achievement.

What will ETH be worth in 20 years?

There is a little doubt that ETH’s value will continue to see major gains in the next two decades, given how quickly it has expanded since its inception. Whether ETH will be worth more or less in 20 years is impossible to predict with absolute certainty. However, if trends over the past several years are any indication of what’s to come, ETH may well become an enormously valuable asset in the near future. In 2040, we can expect an average price of Ethereum (ETH) around $23,000 – $25,000, depending on market trends. More positive forecasts predict Ether’s coin to be around $40,000. It will be interesting to watch how ETH continues to develop as technology advances even further and cryptocurrency strengthens its place in our global economy. 

What will Ethereum be worth in 2050?

Predicting Ethereum’s value in 2050 is no easy feat due to the long time frame and the rapidly changing nature of technology and the crypto market. Ethereum’s current trajectory and the increasing adoption of its blockchain for various applications suggest that it may maintain a significant presence in the digital world. However, many factors could influence its future value, including competition from other blockchains, regulatory developments, and broader economic factors. Therefore, while Ethereum may continue to play a pivotal role in the blockchain space, assigning a specific value for the year 2050 would be pure speculation.

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Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

Cardano (ADA) is set to hand over control of its $681.9 million treasury to its community, marking a significant step towards full decentralization. 

This change is part of the upcoming “Chang” hard fork upgrade, which aims to renew interest in the ADA ecosystem and pave the way for future growth.

Cardano’s treasury, valued at $681.9 million, holds its native ADA tokens. Unlike other blockchain protocols that include stablecoins or assets like Bitcoin (BTC) and Ethereum (ETH), Cardano’s treasury is made up solely of ADA.

By giving control to the community, Cardano aims to boost ecosystem development and ensure long-term sustainability.

Founder Charles Hoskinson announced that the ‘Voltaire’ era, signaling the shift to community governance, is underway. This move addresses concerns about the blockchain’s health despite stagnant token prices.

Cardano has the 8th biggest treasury in the whole cryptocurrency industry, trailing giants like Uniswap, Arbitrum, and Ethereum.

ChatGPT-4o Cardano price prediction

In this context, Finbold provided technical analysis and market projections to ChatGPT-4o for a short-term price prediction.

According to ChatGPT-4o, based on current trends and the upcoming “Chang” hard fork, ADA’s price is expected to be volatile, ranging from $0.35 to $0.44. 

If the handover to the community, hard fork, and new partnerships succeed, ADA could rally to $0.50 within the next month.

Looking ahead, full decentralization, increased network activity from new decentralized applications (DApps), and partnerships like the one with Argentina could boost investor confidence.If the broader cryptocurrency market remains stable, ADA could reach $0.65 to $0.75 within six months.

Analyst prediction

Some analysts see a bullish future for ADA amid these developments. Crypto analyst AV Sebastien, known as Sssebi on X, predicts that ADA could see a major price increase, potentially reaching $3.

He credits this to the “Chang” hard fork upgrade, which will introduce new governance mechanisms and boost interest in the ADA ecosystem. Additionally, the partnership with Argentina and new DApps are expected to play key roles in Cardano’s future growth.

As Cardano advances towards full decentralization, its focus on community governance, ecosystem development, and strategic partnerships is likely to play a crucial role in the network’s future success. 

Investors should closely monitor ADA’s price movements and technical indicators to capitalize on potential gains during this transformative period.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Sellers keep their pressure as the prices of most of the coins are falling, according to CoinMarketCap.

ADA/USD

The rate of Cardano (ADA) has dropped by almost 2% over the last day.

On the hourly chart, the price of ADA is in the middle of the narrow channel. As none of the sides is dominating, ongoing sideways trading in the zone of $0.4220-$0.4230 is the more likely scenario until the end of the day.

On the daily time frame, bears are more powerful than bulls. If buyers lose the $0.42 zone, the drop may lead to the test of the $0.40-$0.41 range soon.

From the midterm point of view, there are also no reversal signals yet. If the weekly candle closes near the support level, the accumulated energy might be enough for a blast to the $0.38 area. 

Such a scenario is relevant until the end of the month.

ADA is trading at $0.4213 at press time.

About the author


Denys Serhiichuk