{"id":158472,"date":"2025-05-30T23:13:24","date_gmt":"2025-05-30T20:13:24","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=158472"},"modified":"2025-05-30T23:13:24","modified_gmt":"2025-05-30T20:13:24","slug":"ethereum-price-prediction-eth-buy-signal-confirmed-despite-todays-retreat","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-price-prediction-eth-buy-signal-confirmed-despite-todays-retreat\/","title":{"rendered":"Ethereum Price Prediction: ETH Buy Signal Confirmed Despite Today\u2019s Retreat"},"content":{"rendered":"
Ethereum (ETH) has gone down by 2.4% in the past 24 hours and currently sits at $2,580 in what has been mostly a red week for the crypto market.<\/p>\n
Trading volumes have retreated by 5% during this same period, indicating that the selling spree is not that strong at the moment.<\/p>\n
However, crypto liquidations have been quite strong in the past day as data from CoinGlass<\/a> shows that $785 million worth of crypto trades have been wiped out. Nearly 90% of that total corresponds to long positions.<\/p>\n Despite the latest bearish price action, ETH liquidations are not even close to its recent records. In the past 24 hours, $93 million worth of long positions were closed as a result of the downtrend. Comparatively, $330 million worth of ETH longs were flushed out back on February 2.<\/p>\n Hence, the extent of the decline has not been severe enough to catalyze such strong movements.<\/p>\n Meanwhile, the Ethereum ecosystem is still the largest one in total value locked (TVL) and its stablecoin<\/a> balance has been steadily growing, moving from $112 billion to $122 billion since the year started.<\/p>\n During bull markets, DeFi applications tend to experience higher transaction volumes and that favors the demand for ETH as the utility token of the Ethereum Virtual Machine (EVM). This favors a bullish Ethereum price prediction.<\/p>\n In this context, Ethereum\u2019s price action signals continue to be bullish following the release and implementation of the Pectra upgrade.<\/p>\n Looking at the daily price chart, the 21-day exponential moving average (EMA) just made a \u2018golden cross\u2019 with the 200-day EMA. This technical buy signal is typically followed by a strong jump in the price of the asset.<\/p>\n The last time it happened, it produced a 19% gain based on ETH\u2019s closing price at the time of the crossover and the closing price of the token at the peak of its uptrend.<\/p>\n However, in prior instances, it has delivered even higher gains. In some cases, it has even resulted in ETH doubling its price.<\/p>\n Hence, this latest drop is not necessarily indicative that the rally is over as technical signals are still supporting a bullish Ethereum price prediction.<\/p>\n It is worth noting that Bitcoin (BTC) made a new all-time high and Ethereum has not yet been able to move past the $3,000 mark.<\/p>\n If this altcoin plays catch up in the next few days, we could see ETH rising to $3,000 fast and possibly beyond.<\/p>\n Meanwhile, as BTC nears the $125,000 level, a new crypto presale<\/a> called BTC Bull Token (BTCBULL) offers attractive rewards that are unlocked every time the top crypto hits a specific price milestone.<\/p>\n<\/p>\n
Ethereum Price Prediction: 19% Gain Expected After Bullish EMA Crossover<\/h2>\n
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BTC Bull Token (BTCBULL) Offers Airdrops and Token Burns to Investors as BTC Reaches Higher Levels<\/h2>\n