The Ethereum price has had to accept significant declines in recent days and the price therefore experienced a low at $ 2,813. A drop below $2,800 would give the Ethereum price the necessary bearish momentum and investors are therefore concerned. Will Ethereum rise or will the bearish momentum continue?

With a current price value of $2,938, the Ethereum price has fallen by more than 6% over the past 7 days, despite the Ethereum price rising by 3.13% today.

The Ethereum price managed to stay above $3,000 until April, but the bears eventually pushed the price below $3,000 and then even to a low of $2.813. Since then, the price has been able to make a small increase, but at its current value of $2,938 the price is still 12.42% lower than a month ago.

Ethereum holders are rightly concerned and wonder whether Ethereum will be able to resume its upward trajectory in the short term. To answer this, we will have to look at the important indicators of the Ethereum price.

Ethereum price forecast – will Ethereum rise?

The RSI of the Ethereum price has fallen since April 28 from 72 to today’s current value of 40. This indicates that the buying momentum has completely disappeared from the Ethereum market.

Ethereum Price Chart – Source: Cryptwaves.app

At the same time, the MACD histogram is giving a sell signal with a value of -78.8 and the Ethereum price has fallen below all its important Moving Averages of both the short and the longer term. This indicates that the price may struggle in both the short and long term.

Ethereum’s immediate resistance is currently near $2,965. If the price manages to rise past this level, the price could rise towards $3,050 and the level of the 100-day Simple Moving Average around $3,136.

If the Ethereum price is unable to overcome the resistance at $3,050, a sustained decline could take place that will take the price towards its support around $2,820. A drop below this level could lead to further declines towards $2,650 and even $2,540.

The $3,050 level is the tipping point for the Ethereum price. Investors will have to keep a close eye on this level to determine where Ethereum’s price will go in the short term.

Until then, however, investors will do well to diversify their portfolio with tokens that are currently more assured of short-term gains. Presale tokens in particular have the potential to deliver significant profits to their investors in the short term. For this reason, we discuss the three best crypto presales of the moment below.

Mega Dice (DICE) – well-known online casino releases its own crypto token

Mega Dice is a well-known online casino that has managed to build a large community of users through its wide range of different casino games and its own sportsbook. This online casino has now chosen to develop its own crypto token with the aim of matching the performance of the Rollbit casino.

The Rollbit casino managed to achieve a market cap of $ 1 billion with the launch of its own crypto token. Despite a consolidation, this crypto still has a market cap of over $340 million. Due to the good performance of Mega Dice and the community that supports the project, there is a real chance that the DICE token can achieve the same kind of increases.

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The DICE token can be used by users of the Mega Dice platform in their casino games. For this, they will be eligible for benefits such as cashback bonuses. In addition, users who stake the DICE token can be eligible to receive a share of the casino’s winnings.

The presale of the DICE token has already raised more than $670,000. Tokens currently cost $0.069 each, but will increase in price further in the next phase of the presale. Tokens are currently for sale through SOL, ETH and BNB.

99Bitcoins (99BTC) – well-known website within the crypto world launches presale for native 99BTC token

99Bitcoins is a well-known name within the crypto community, as this project already started a website for Bitcoin information in 2010. Since then, the project has grown into a platform with more than 2 million users for its crypto courses. In addition, the YouTube channel of this platform also has more than 700,000 members.

99Bitcoins recently chose to launch its own crypto with the introduction of its 99BTC token presale. This 99BTC token will form an important part of the new and unique Learn 2 Earn system from 99Bitcoins. In this system, users are able to earn crypto as they learn about crypto.

99Bitcoins price forecast

Users will receive 99BTC tokens when they complete certain tasks on this platform. Token holders will also be eligible for exclusive access to online webinars, trading signals and VIP community groups, among others.

The 99BTC presale has already raised almost $1 million. Tokens currently cost $0.00103, but it is expected that this price could rise sharply when the token is launched on exchanges by the large community that supports the project. Tokens can be purchased via ETH, BNB, USDT and credit card.

5thScape (5SCAPE) – eerste VR-platform op de crypto blockchain

5thScape is ready to revolutionize the crypto market with the introduction of its VR crypto platform. 5thScape is the leading VR ecosystem on the blockchain and analysts therefore expect that this platform can become a market leader within this crypto niche. This is logically accompanied by the necessary popularity.

5thScape will not only develop VR games, the project is also developing a VR headset and ergonomic office chairs. Users will also be able to contribute to the development of the platform by developing their own VR games. They will be rewarded with 5SCAPE tokens for this.

Users who want to play VR games can subscribe to the 5SCAPE platform. These subscriptions will help expand the liquidity pool. In addition, 5SCAPE tokens can also be staked for passive income.

5SCAPE tokens currently cost $0.0327 each, but will cost $0.01 when listed. This means that investors who currently join the project can already realize a 200% profit on paper. Tokens can be purchased using ETH, MATID, BNB, USDT and credit card.

Disclaimer: This article contains insights from independent authors and is not part of the editorial content of BitcoinMagazine.nl. This is not investment advice, please do your own research.

Source: https://bitcoinmagazine.nl/nieuws/ethereum-koers-klimt-terug-naar-key-support-gaat-ethereum-stijgen-of-zet-bearish-momentum-voort



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