Pro Says Ethereum Price is a Buy Despite Rising Liquidations and BlackRock Selling
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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?
The most likely scenario is where the coin bounces back and hits the important resistance level at $5,000 soon.
2. Why are Ethereum liquidations rising?
The main reason why Ethereum’s liquidations are rising is that the coin has come under intense pressure in the past few days.
3. Is Ethereum a good coin to buy today?
While this is not investment advice, history shows that the coin has a long record of outperformance, making it a good investment.
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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