Will Ethereum Get Back to Basics? - Kakiforex.com - Financial Market Media No. 1 in the World Will Ethereum Get Back to Basics? Will Ethereum Get Back to Basics?

May 27, 2021

Will Ethereum Get Back to Basics?

 Most cryptocurrencies are seen as signaling for a change in trend.

Ethereum with its latest project, will launch ‘Ethereum Scaler Arbitrum’ this week with developer support from Alchemy.

Read more about our launch and partnership here! Https: //t.co/k1FIAe9cft

- Arbitrum (@arbitrum) May 26, 2021

Examining the ETH/USDT price movement chart, it can be seen that it still failed to break the $ 3,000 level after jumping from the lowest level recorded around the price of $ 1,728.

If the price movement manages to pass the zone, the next level will test the SBR zone (support become resistance) around the price of $ 3,300 and then resume the uptrend.

Looking at the rise in the price of ETH, it looks like it is giving a benchmark to make a change and will test the all -time high (ATH) level that once reached $ 4,300.

On the other hand, if the decline continues, the price is likely to decline to the level of around $ 2,500 which is seen as a focus level to test before the expectation to make a rise again or continue to make a lower decline.

At the time of writing, Ethereum traded $ 2,770 making an increase of over 60% from the decline that occurred on May 23rd.