How much can the price of Ethereum drop?
we'll see
We have a few months or weeks left to touch the floor if we repeat what happened in 2015 or 2018 according to many analysts and it seems to me a perfect time to reflect on what currencies you want to have in your portfolio
We are in the low season of cryptos and they are being presented to the Alcoins at discount prices such as etheruem at 1080 dollars.
Analyzing the price of Ethereum
If we analyze the monthly chart we see that the price has fallen almost 80% from its maximum price, exceeding the maximum price of 2018 but it has slowed down in the body of the candle.
The candle body is a better support than the candle wick.
Break support on the downside
Breaking down the price to the downside the next monthly candlestick target would be $860 per Ethereum
If you think about selling at these prices, to buy back when the price drops, how much do you think the price of Ethereum can drop? and if you sell, raise the price and stay out?
Reflection
The price rose in the previous cycle from 70 dollars to almost 5000 dollars a 6400% increase
Now we are at a price of 1000 dollars for Ethereum, with a rise of only 1000% it would lead to 10000 dollars for Ethereum
For me the question should not be if Ethereum is at a good purchase price, but what to do with Ethereum waiting for the next bullish rally.
You could keep them in a cold wallet, on an exchange or earn interest on an exchange or defi farm.
Polycub
Polycub in a Defi project of our community and everyone can join to contribute liquidity and make a profit.
Polycub allows us to Accumulate in liquidity farms and obtain a profit Interest
If you want to know more about Polycub I leave you the link of another post that I talk about it
PolyCUB is giving, different APRs in the different V2 vaults (pETH, pHBD, pHIVE and pSPS)
At the time of making the post the APR Polycub wETH is at 122%
What is PolyCUB?
PolyCUB is a yield optimizer platform that provides a safe and easy way for DeFi users to discover yield and earn on the Polygon Network.
Add a few cents
You can add a few cents to your Polygon network in Matic currency and make your first transaction.
I made a post about this faucet a few days ago, there you have all the steps to use it following the link
How to add a network to your Metamask
I made a post about how to add Networks to your Metamask a few days ago, there you have all the steps to use the page following the link
How to add Polycub coins to your Metamask
Post to add pHive, pHbd, pLeo and PolyCUB coins in your Metamask
I hope it works for you like it did for me
Another possibility
Another possibility
with the price of Ethereum is that the price does not go down anymore, it stays lateral, but Bitcoin goes up.
The question would be what do you want to save in Bitcoin, Ethereum or other Alcoin?
What do you think?
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If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.
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