MEXCPro Says Ethereum Price is a Buy Despite Rising Liquidations and BlackRock Selling
Highlights
- Ethereum price has crashed in the past few days as liquidations jumped and ETF inflows jumped.
- One crypto analyst believes that the coin will likely bounce back and possibly hit the important resistance level at $6,250.
- The coin has formed a bullish flag pattern, pointing to more gains in the coming weeks.
Ethereum price crashed by over 6.5% today, Oct. 14, as the crypto market crash resumed. Still, one popular crypto analyst believes that the coin is still a buy despite the soaring liquidations, exchange-traded funds outflows, and increased selling by BlackRock.
Frequently Asked Questions (FAQs)
1. What is the most likely Ethereum price forecast?
2. Why are Ethereum liquidations rising?
3. Is Ethereum a good coin to buy today?
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