- ETH confirms overnight low.
- This leads experts to debate accumulation zones for ETH.
- They also discuss the next ATH targets for ETH.
The crypto community is disheartened once again to see that the prices of the pioneer crypto and altcoin assets, Bitcoin and Ethereum, trading at lower prices. To highlight, the price of BTC is currently trading in the $81,000 price range, while the price of ETH trades in the $2,300 price range. One analyst says that ETH confirms overnight low, leading experts to debate accumulation zones and next ATH targets.
ETH Confirms Overnight Low
According to CoinMarketCap analytics, the price of ETH is down by 1.26%, showing that the asset is currently trading in the $2,398 price range. What is more concerning is that over the last 30 days, the asset is down by 6.73%, meaning the asset was trading in the $2,700 price range not too long ago. Analysts are still hoping the market will rally after the clear correction phase. In detail, last night, the asset dipped as low as the $2,371 price target.
The expert in the post above marks that price target as the overnight low on the ETH price chart, the lowest since Sunday, and buyers had price back above $2,400 within three hours. He also states that $2,393 is the line he keeps coming back to, and now it is acting as support once again. Thus, he concludes that Monday’s high at $2,446 is what caps it and as long as $2,393 holds, $2,446 gets tested, with $2,493 next in line. Lose it, and $2,371 sweep low is the retest.
Experts Debate Accumulation Zones and Next ATH Targets
Other analysts believe that ETH is gearing up for its next big move, after all, the last time ETH was at this price zone, it surged up by 100% in just 7 weeks. This led many experts to convene and debate over the price targets where certain price ranges could act as accumulation areas. One expert set the first accumulation zone between the $1,600 and $2,000 price range.
With that accumulation zone in mind, the expert goes on to share bullish targets for ETH to reclaim, such as $3,270 and $4,892. From there, he expects ETH to shoot towards new ATH targets such as $10,000 and $15,000. To highlight, he says that a confirmed breakout above $4,892 could open the door to a major macro expansion. The key is how ETH reacts around critical support and resistance.
A similar expectation is shared by the expert in the post above as well. As we can see from the post above, the analyst says that ETH has shifted into a bullish HTF zone, bringing his roadmap to ETH ATHs of $5,000 – $10,000 to arrive by 2027. He believes the retest and accumulation zone could take ETH as low as $1,800 before a major price expansion phase can play out. His top targets include $5,000, $7,000, and $10,000.
