Ethereum price seems to have been rejected at the $4,000 mark Slight descent to the $3800 level after a considerable 20% rise over the past week Long term predictions still remain bullish for Ethereum The Ethereum price has retraced slightly on Saturday with more downside expected over the short term. Although the cryptocurrency market remains in bullish mode, it seems that Ethereum is pausing for a slight breather after having reached the $4000 level over the past week. That does not mean that further upswings are not expected but for the moment a pause seems likely. Fed Chair Jerome Powell’s recent interview in the Financial Times regarding cryptocurrency regulation seems to have put a bit of a damper on the crypto market in general, although Bitcoin once again soared above the $50,000 level. More downside is expected for Ethereum in the short term but this is expected to be only temporary. If you haven’t bought some Ethereum yet then take a look at this How To Buy Cryptocurrency Beginner’s Guide. Short Term Prediction For Ethereum Price: A Slight Decline Before Another Push Upwards Get FREE Crypto Signals Now! The Ethereum price is expected to continue a smallish descent as it was rejected at the $4000 level. The current bullishness in Bitcoin appears to have not had that much effect Ethereum, although one must consider the fact that the Ethereum price has risen by well over 100% from its swing low of $1700 established on 20 July. If the scenario were to remain bullish, then the Ethereum price could expect to easily move forward across the $4000 level. The next resistance mark would be the $4400 point where if that were broken, Ethereum would challenge its all time high of $4600 reached last April. However that would mean an appreciation of around 15% from the current price which is unlikely with current buying traction. A much more likely scenario would be a bearish thesis unfolding here. This could sink the Ethereum price down to the $3600 mark where there is meaningful support. However, profit takers from July could create a sell off scenario where the price could even drop to the $3300 mark reversing most of August’s gains. If you haven’t yet bought or started trading cryptocurrency take a look at these Top Cryptocurrency Brokers. Long Term Price Prediction for ETH: Still Bullish Overall and New ATH’s expected by end of year Although the Ethereum price may experience a slight temporary retracement, the long term prediction for it remains extremely. While some over zealous analysts are predicting a $10,000 level by the end of the year, the $5000 mark would be more of a plausible scenario. Although the continued specter of increased crypto regulation remains on the horizon, the long-term implications may be actually positive for the crypto industry as a whole. With projects such as Ethereum this could be a boon as more acceptance in the financial world becomes the norm. Where to Buy Ethereum If you want to purchase Ripple, you can do so on the following exchanges: • eToro eToro is one of the trusted exchange platforms in the crypto space. eToro supports copy trading, which allows new traders to learn from market experts. eToro also charges low trading fees and commissions. • Binance The other platform where you can buy ETH is Binance. Binance is one of the largest exchange platforms. It supports a wide range of cryptocurrencies and trading pairs. It also offers user-friendly features. Looking to buy or trade [coin name here]now? Invest at eToro! Buy BNB Now Capital at risk Gerald Fenech Gerald Fenech Freelance journalist and writer with over ten years experience in forex and fintech writing. Specializes in crypto and blockchain View All Post By Gerald Fenech Crypto News share Read Next Chainlink Price Weekly Forecast: LINK Drops 18% To $30 -Where To Buy? Nancy Lubale 8 months Ethereum price seems to have been rejected at the $4,000 mark Slight descent to the $3800 level after a considerable 20% rise over the past week Long term predictions still remain bullish for Ethereum The Ethereum price has retraced slightly on Saturday with more downside expected over the short term. Although the cryptocurrency market remains in bullish mode, it seems that Ethereum is pausing for a slight breather after having reached the $4000 level over the past week. That does not mean that further upswings are not expected but for the moment a pause seems likely. Fed Chair Jerome Powell’s… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.