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When will Ethereum’s Price Continue to Rise? Decline or New Wave of Growth?

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Ethereum Price

When will Ethereum’s Price Continue to Rise? Decline or New Wave of Growth?

On the night of January 13, the rate of the largest altcoin by capitalization again fell below $ 1,000. Why the correction of digital money quotes can continue soon and is it worth entering the market right now?

Ethereum Price

Over the past day, the Ethereum rate on the BitXmi crypto exchange has decreased by 3%, to $ 1.05 thousand, at the moment dropping below $ 1,000. A few days ago, the asset updated it is three-year maximum – $ 1.3 thousand but has been falling in price since then. BitXmi experts told to what level the price of ether can drop, whether it is worth buying a cryptocurrency now and when it will update the historical record of $ 1.4 thousand.

Ethereum's Price

Bitxmi analysts emphasize that at levels around $ 1,000, Ethereum finds consumer demand. The best indicator for Ether and Bitcoin is now the global demand for risks in traditional markets.

“While stocks are renewing their highs, it is worth waiting for an accelerated rise in cryptocurrency prices. Comments of representatives of the Federal Reserve System (FRS) that they don’t plan to reduce asset purchases revived buyers, so in the near future it is possible that we will be able to test all-time highs above $ 1.4 thousand, ” – experts predict.

Fundamentally, Ethereum`s price looks strong – all decentralized exchanges and smart contracts operate on Ethereum. The demand for Ether can be assessed by the price of on-network transaction fees – now they are extremely high. Exchange analysts believe that it is not worth selling altcoin:

“We advise you not to expect a deeper correction from ether and bitcoin in the coming days. During the correction, large players did not sell assets, but, on the contrary, strengthened their positions, according to the analytical service Glassnode. “

Read actual crypto news and forecasts every day on https://news.bitxmi.com/

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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