Apakah $1,000 adalah Titik Terendah Akhir untuk Ethereum? Satu Metode Menganggap Begitu
Is $1,000 the Final Floor for Ethereum? One Metric Thinks So https://cryptonews.com/news/is-1000-the-final-floor-for-ethereum-one-metric-thinks-so/

Ethereum has tumbled by 8% today, with its slide to $1,450 coming as the crypto market drops by 4% in the past 24 hours. These declines have come after President Trump increased tariffs against China to 104% yesterday, deepening the ongoing trade war between the US and much of the rest of the world.

Some analysts are even suggesting that Ethereum could drop as low as $1,000, even if its long-term price prediction remains as strong as ever. Bloomberg analyst Mike McGlone suggested that Ethereum could be "the canary in the coal mine" for the rest of the market, with a potential fall to $1,000 likely signaling further losses for other assets.

However, ETH's chart and indicators paint a picture in which the altcoin is at a bottom and should recover very soon, seeing as how oversold it is. Its one-day chart has its RSI (purple) at around 25, which is firmly in oversold territory, while its 30-day average (orange) has now fallen so far below the 200-day (blue) that a strong rebound should be on its way.

Moreover, the wider market picture has been deflated ever since US President Donald Trump has started on the tariff-related warpath. There's some hope that the US will begin negotiating more pro-trade deals with various trading partners, something which could help to lift Ethereum and other coins in the coming weeks.

In the meantime, Ethereum's price may continue to be affected by the ongoing trade war between the US and China. As President Trump's tariffs continue to escalate, it's possible that the crypto market will experience further declines.

However, presale tokens like Solaxy (SOLX) could provide a potential refuge for investors looking to avoid the uncertainty caused by the trade war. Solaxy is a new Solana-based project that has raised a very impressive $29.5 million in its ICO and aims to use its speed and scalability to become a significant hub for DeFi and meme coins. Traders can join the SOLX presale by going to the Solaxy website, where the coin currently costs $0.001688.