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ETH/USD Price Analysis: $10 Ethereum will still be considered expensive in the future

FX Street
Updated:
  • ETH/USD has been in a downtrend since the crypto-bubble burst in early 2018.
  • ETH/USD bear trend remains intact as sellers are eyeing a break below $100.
 
 

ETH/USD weekly chart

 
Ethereum has been declining steadily after the crypto-bubble burst in early 2018. ETH/USD is trading below all its main weekly SMAs as bulls are holding on with the skin of their teeth. A break below the 100 level could have very bearish implications with a drop to the levels prior to 2017. That is to say ETH/USD is most likely to depreciate to around 10 or $5 in the future. 
 

Additional key levels

 

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