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The Ethereum price plunged 5% in the last 24 hours to trade at $2,071 as of 3 a.m. EST on trading volume that skyrocketed 115% to $20.87 billion.
Ethereum Price Prediction
The Ethereum price saw a sharp price drop yesterday, losing over $200 before its price stabilized at $2,000 and bounced back to its current value. However, while ETH is seeing a recovery now, technical indicators suggest that it is nearing its limit.
The project’s Bollinger bands have seen a widening during yesterday’s price surge, and while they have narrowed as the coin bounced back from a support at $2k, the recovery has seen the bands narrow even further, suggesting that the uncertainty is growing and that traders might be getting more bearish-
The coin’s Relative Strength Index is also showing that ETH might be approaching the end of its recovery and that another price drop might be coming. After spending most of Sunday deep in the oversold zone, with the RSI value sinking below 20 at times, the traders started buying again, using the opportunity to buy ETH for only $2k per coin.
This launched the RSI up, alongside the coin’s price, bringing it to $2,071. However, the RSI already climbed to 60. The traders lack real optimism at this time, which is why the RSI and the ETH price alike might see a drop soon, rather than a surge to the overbought zone.
Promising Alternative To Ethereum
While traders may not be enthusiastic about Ethereum, they are still piling into new cryptos like BEST, the native cryptocurrency of the popular new crypto wallet, Best Wallet.
Best Wallet is still fairly new to the crypto industry, but its ease of use, combined with an abundance of features and various benefits has made many shift toward it. Its presale has already raised over $10.91 million in funding.
The wallet is very intuitive, which allows even first-time users to easily find their way around.
🚀 Best Wallet is Upgrading to Multi-Chain Wallets! 🚀
We’re excited to announce a major upgrade to our wallet, bringing enhanced security, exciting new features, and future support for over 50 major blockchains!
Bitcoin is now live in Best Wallet! Manage $BTC alongside… pic.twitter.com/79UxFVZIv3
— Best Wallet (@BestWalletHQ) February 25, 2025
It supports over 60 blockchains and thousands of cryptos running on them. On top of that, it also lets users connect their other wallets to it, which then grants them the ability to manage their different portfolios from one place.
Best Wallet also lets you do your buying, selling, and swapping from inside the wallet itself, with no need to use exchanges, as long as you wish to buy, sell, or swap cryptos supported by the wallet.
And, it has a native launchpad that can be accessed through the “Upcoming Tokens” tab. This is where you can find hot new cryptos that are currently in ICO.
The launchpad has an excellent track record. For example, Pepe Unchained (PEPU) and Catslap (SLAP) were identified by Upcoming Tokens early and both exploded after launch.
Users are also buying BEST for the benefits it brings, such as higher staking rewards, lower transaction fees, early access to new projects, and a permission to participate in the project’s governance.
Crypto YouTuber ClayBro, who has over 136k subscribers, recently said that Best Wallet is on track to be the best crypto wallet.
Right now, BEST tokens are selling for $0.024275 per token.
Buy before a price hike in less than 10 hours for the best deal.
Related Articles:
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- 250,000+ Monthly Active Users
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