Can ETH overcome the disappointing Q1 performance?
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Ether Lee (ETH), the second largest cryptocurrency with a market cap, has experienced one of the most challenging starts this year, the second in the first quarter of history.
At this time, ETH is being traded more than important. Support level $ 2,000, reflecting the annual decrease of 43%. This clear contrast was especially noteworthy compared to Bitcoin (BTC) and XRP, with 23%gain and amazing 279%for the same period.
Can you bring it back to $ 3,200 with a 60% increase in Q2?
Market expert Lark Davis has recently paid attention to the rapid drop in Etherrium prices. Social media updateThis year, Altcoin’s 1Q18 emphasized 38% decrease in the first quarter.
As mentioned in the comparison chart shared by Davis, this figure is so surprised that the worst quarterly performance recorded in the first quarter of 2018.
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Following the quarter of 2018, Ether Leeum saw 15% recovery in the second quarter, and in the event, it faced more than 40% of the fall, raising concerns about the current investor. pattern It can occur once again in the migration cycle.
Despite these discouragement, Davis raised interesting questions about the potential of the “explosive” two -quarters in the second quarter of Ether Leeum. Historically, since 2016, ETH has soared 66% over this period.
If this trend continues and Etherrium prices increase 60% in the next few months, the price can rise to $ 3,200 per token.
Encryption experts predict 1,100% of Etherrium prices.
Short -term tasks remain, but many analysts maintain long -term strength in Ether Leeum. MERLIJN, an encryption analyst, induces a similar point between the current market situation and Bitcoin’s past achievements, suggesting that Ether Lee is preparing a similar trajectory.
Analyst famous“Accumulation, Brake Out and V-type recovery load” suggests that a new bull run may be on the horizontal line of the ETH, and predicts that it can reach up to $ 24,000 during this period.
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But the path of recovery does not have obstacles. Recent expert Ali Martinez Emphasis The level of resistance that Ether Leeum must overcome for a sustainable rebound in the short term.
Martinez has recovered the price of $ 2,040, but the next serious challenge is $ 2,300. altcoin.
Despite the recent recovery, which has soared 10% over the past two weeks, Ether Lee is still facing monthly losses, which is almost 25% decreased due to a wider market correction.
DALL-E’s main image, TradingView.com chart
