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Analysts warn that Ethereum could crash to $1,000 and below. On the other hand, the new cryptocurrency Ecoterra (ECOTERRA), is defying the market-wide downturn and is marching towards the $4 million mark.
Ethereum close to $1,000?
Ethereum is currently in a major decline: in the last 24 hours, the smart contract platform had to lose about 4% and is now trading at just $1,760. On the week, ETH even lost almost 8%. Top trader Kaleo’s comments: Ideally, Ethereum only falls to $1,600, then recovers as high as $2,400. The Analyst:
“This is still my best case for $ETH.
It drops to $1600s then back to ~$2400 to repeat the Pre LUNA / UST Liquidation drop level.”
This is the best scenario yet to be played by the situation $ETH.
Dip to $1600s, then run it back up to ~$2400 to retest the liquidated breakout level before LUNA / UST. pic.twitter.com/xOavFhIxFF
— KALEO (@CryptoKaleo) May 11, 2023
However, not everyone is so optimistic – crypto strategist Benjamin Cowen, for example, emphasizes that he thinks even a crash to $1,000 and below is possible.
Ethereum Walletinvestor’s current forecast also expects steep losses: According to this, Ethereum is a “bad” investment and will fall to $445 by May 2024!
In short: large-cap coins are under tremendous pressure right now, and many investors are likely selling in anticipation of a continued downtrend. If you want to use the reset: Buying Ethereum with PayPal is one of the most convenient options. On the other hand, the new cryptocurrency Ecoterra Coin (ECOTERRA) is making progress – it is about to reach the magic mark of 4 million dollars in the pre-sale. Was it worth starting?
Ecoterra – the next 100x coin?
The forecasts are confident that Ecoterra can be the next 100x base, ie a hundredfold increase in the value of the invested capital:
But what is Ecoterra? Ecoterra (ECOTERRA) is a new climate protection cryptocurrency. This means: Ecoterra Coin is developing a blockchain platform that rewards users for climate protection and environmentally friendly activity. With the all-in-one Recycle2Earn app, users can earn Ecoterra by collecting recyclables and doing things that are ecologically valuable.
In addition, companies can buy and sell recycled materials and carbon offsets through Ecoterra marketplaces. Ecoterra aims to make a significant contribution to the fight against climate change by making the purchase of recycled materials convenient and accessible through a single app.
In addition, Ecoterra (ECOTERRA) makes it easy for companies to track and promote their positive environmental impact because: The project provides transparent data on the environmental footprint and recycling habits of each user.
Bullish for investors: Ecoterra is still in the early stages of development. The project recently started its official pre-sale, where interested investors can buy ECOTERRA tokens at a discount. This is an exciting opportunity for curious investors to participate in an innovative and sustainable project.
In addition: Ecoterra has already passed KYC audit and check, the project is considered 100% safe and verified. Bonus for those who decide quickly: 1 ECOTERRA still costs $0.00775 – the price will only increase to $0.0085 in 7 days.
Last updated on 12 May 2023
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