ETH Price Analysis: A Positive Market Trend Is on but Won’t Last Long

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• Popular analyst forecasts that the market trend won’t last long.
• ETH has been on a bullish trend for the past 24 hours.
• A bearish trend starts on the 4-hour chart.

Michael Van de Poppe, a famous crypto analyst, explains that the positive market trend will last only a short time. Poppe analysis is based on weak indices from the market trend. He analysed that the ETH price can be pushed to $1907, but the bulls are vulnerable to a consistent bull run.

As the bulls and bears argue about price movements, it will take time to predict the future price of Ethereum. Although the technical indicators now favour the bulls, traders should be aware of the possibility of the reverse.

ETH technical analysis

According to CoinMarketCap, ETH has increased by 0.03% during the past 24 hours. As a result, at the time of writing, the price of ETH is $1,215.44. The price of ETH is still down 11.27% over the past week, despite the 24-hour surge.

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