Ethereum Price Prediction: ETH Suffers from $4K Barrier After Dencun Upgrade as Experts Say Consider This Eco-Friendly AI Token for 10x Gains.

Ethereum price fell As some investors took profits after ETH’s recent rally, it was up more than 1% in the last 24 hours, trading at $3,983.78 as of 3:10 a.m. ET.

The decline in ETH comes after a successful launch. Denkun Upgrade On the Ethereum mainnet. The upgrade was deployed at 1:55 PM UTC on March 13, and is the largest hard fork since the Merge.

Ethereum price fell below the positive channel.

ETH/USDT 4-hour chart (Source: TradingView)

Ethereum price has fluctuated around the $4,000 resistance level over the past 48 hours. However, in the last 8 hours, it broke below the mid-term positive price channel for the first time since March 5. There could be a risk of a correction if the altcoin leader fails to close the 4-hour candle within the rising channel over the next 24 hours.

If this bearish thesis is validated, the Ethereum price could fall to the next support level at $3,700 in the next 48 hours. If selling pressure continues, it could fall to $3,415 in the short term.

On the other hand, ETH may continue to rise if the 4-hour candle closes within the positive price channel within the next 24 hours. In this more optimistic scenario, ETH could soon challenge the $4,372.62 resistance level.

Ethereum Price May Continue to Fall

technical indicators ETH The 4-hour chart is showing a slight downward trend, suggesting that the Ethereum price may decline slightly over the next 24 hours. The moving average convergence divergence (MACD) line is located below the MACD signal line. Traders tend to identify this direction of the two lines as a sign that the cryptocurrency is in a negative cycle. The MACD histogram is also becoming more negative after a period of consolidation, which could indicate that ETH’s negative trend is starting to strengthen.

The ETH Relative Strength Index (RSI) indicator on the 4-hours chart indicates that sellers have an edge over buyers as the RSI is positioned below the simple moving average (SMA) line. However, traders can identify the current level of RSI as a buying opportunity, given the fact that ETH’s upside potential is currently greater than its downside potential. However, this is not guaranteed. Traders and investors are likely waiting for the Ethereum price to take a position above $4,000 before making their next move.

As Ethereum price competes for the $4,000 threshold, experts are taking note of the following: Ituktuk For a potential 10x profit.

Reduce global carbon emissions and transportation costs

eTukTuk is an eco-friendly AI blockchain project that aims to reduce global carbon emissions through electric vehicle (EV) infrastructure.

The centerpiece of the initiative is an electric version of the three-wheeled taxi known as the TukTuk. These compact vehicles have the potential to open up a wide user base for eTukTuk as it is a widely used mode of transport in developing countries such as Bangladesh and Pakistan.

We are doing our part by building sustainable transport infrastructure to combat air pollution and carbon emissions https://t.co/IUEpVEWMKd

— eTukTuk (@eTukTukio) March 13, 2024

Until now, many innovative technologies have not made it to third world countries due to budget constraints. Therefore, eTukTuk has focused on reducing the adoption, rollout and operating costs of its infrastructure.

One way to do this is to form partnerships with local manufacturers. This localizes the production of the project’s mini EV taxis, which can also be built using fewer than 200 parts. This contributes to the economics of the various TukTuks.

Buckle up and protect yourself! 🚀

Something exciting is just around the corner and it will take your tuk-tuk adventure to a whole new level!

Please look forward to the thrilling journey ahead. pic.twitter.com/CGsh0Ve3Qu

— eTukTuk (@eTukTukio) March 11, 2024

As the manufacturing cost of each vehicle decreases, its purchase cost also decreases. This makes life easier for citizens who depend on these modes of transportation to make a living. Our partnerships with local manufacturers also make it cheaper to repair your vehicle if something goes wrong.

The price of TUK may soon break out

Transferring value within the eTukTuk ecosystem is the TUK token. The cryptocurrency is currently in its ICO stage and has already raised over $2 million. Given the appeal of eTukTuks to developing countries with large populations in need of cheaper, greener transport solutions, prices for TUKs appear poised to explode upon launch.

As eTukTuk is adopted in third world countries, eTukTuk’s crypto token, TUK, will become the primary way to transact within the ecosystem. Not only will this increase the utility of the token, but its price may also rise as more people start buying TUK for trading.

Anyone who wants to purchase TUK can do so on the project’s official website. The token sells for $0.028 and can be purchased with BNB, USDT, ETH or bank cards.

TUK available for purchase here.

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