{"id":476203,"date":"2024-01-29T17:36:18","date_gmt":"2024-01-29T17:36:18","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=476203"},"modified":"2024-01-29T17:36:18","modified_gmt":"2024-01-29T17:36:18","slug":"ethereum-price-prediction-top-analyst-sees-eth-crashing-to-1k-as-experts-say-this-green-ai-coin-might-10x","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-price-prediction-top-analyst-sees-eth-crashing-to-1k-as-experts-say-this-green-ai-coin-might-10x","title":{"rendered":"Ethereum Price Prediction: Top Analyst Sees ETH Crashing to $1K As Experts Say This Green AI Coin Might 10X"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Ethereum price has plunged 1.1% in the last 24 hours<\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\"><span style=\"font-weight: 400;\"> to trade at $2,275<\/span><\/a><span style=\"font-weight: 400;\"> as of 04:29 a.m. EST on trading volume that jumped 22% to $6.7 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This slight drop in the ETH price comes as crypto analyst Benjamin Cowen warns that it will plummet to below the $1,000 mark.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a recent video, Cowen mentioned that he believes Ethereum could experience a significant drop in value before entering a new bullish phase.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He points to the historical patterns of Ethereum&rsquo;s price movements and the importance of the ETH\/BTC pair in determining its future trajectory.<\/span><\/p>\n<p><iframe title=\"Bitcoin: Dubious Speculation\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/XE4s0guHI9Y?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">Cowen highlights the retests of cycle lows in 2015, 2016, and 2020, emphasizing that a similar retest for 2022 is yet to occur.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He further predicts that Ethereum will experience a decline first in its Bitcoin pair (ETH\/BTC), followed by a subsequent drop in ETH\/USD, likely to happen within this year.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">The Ethereum Price: Bulls Rebound Within A Falling Wedge Pattern<\/span><\/h2>\n<figure id=\"attachment_476204\" aria-describedby=\"caption-attachment-476204\" style=\"width: 1736px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-476204\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/image-15-1.png\" alt=\"Ethereum Price Chart Analysis. Source:Tradingview.com\" width=\"1736\" height=\"747\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/image-15-1.png 1736w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/image-15-1-300x129.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/image-15-1-1024x441.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/image-15-1-768x330.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/image-15-1-1536x661.png 1536w\" sizes=\"(max-width: 1736px) 100vw, 1736px\"><figcaption id=\"caption-attachment-476204\" class=\"wp-caption-text\">ETHUSDT Chart Analysis. Source:Tradingview.com<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The Ethereum price indicates a rebound from the lower boundary of the falling wedge pattern at $2175, which signals a bullish trend reversal.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A little push above the upper boundary of the wedge coincides with the 50 Simple Moving Average (SMA), which could see the bulls initiate a bull rally. The 200 SMA, however, still poses a challenge for the bulls.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) shows a rebound from the 30 oversold region, surging to the 50 midline level, suggesting potential buying pressure. A push above this level could see the RSI enter the overbought threshold of 70.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">The Ethereum Price Prediction<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Bullish investors are riding a sustained upward trend within the falling wedge triangle, anticipating movements above its boundaries. A successful breach could see bulls aiming for a peak of $2700<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, a downside scenario might allow bears to influence a price decline. We could see the value drop towards the support zone at $2135 at the wedge&rsquo;s lower boundary.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">eTukTuk Presale Almost Reaching $680,000 Goal, Buy Fast<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">While Ethereum traders await a suitable entry point, investors are eyeing the potential for a 10X return from the new <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/etuktuk\/\" rel=\"nofollow\"><span style=\"font-weight: 400;\">eTukTuk presale<\/span><\/a><span style=\"font-weight: 400;\">, which has surged past $625k and is closing on its $680k target.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">$TUK tokens are priced $0.026 each, but a price hike is coming in less than two days.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Explore the full potential of our project and discover how to join our token sale in this insightful article by <a href=\"https:\/\/twitter.com\/cryptonews?ref_src=twsrc%5Etfw\">@cryptonews<\/a> <a href=\"https:\/\/t.co\/rJ48D2J48p\">https:\/\/t.co\/rJ48D2J48p<\/a><\/p>\n<p>&mdash; eTukTuk (@eTukTukio) <a href=\"https:\/\/twitter.com\/eTukTukio\/status\/1751906306880164197?ref_src=twsrc%5Etfw\">January 29, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span style=\"font-weight: 400;\">Why ETukTuk?<\/span><\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/etuktuk\/\" rel=\"nofollow\"><span style=\"font-weight: 400;\">The eTukTuk project<\/span><\/a><span style=\"font-weight: 400;\"> plans to transform the transportation industry in developing countries by bringing in three-wheel electric Tuk Tuks, and setting up a network of charging stations.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The goal is to reduce pollution, make people healthier, and give them more opportunity.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ Ready for a game-changer? <\/p>\n<p>Let's talk about how shifting to renewable energy isn't just crucial for our planet, but it might just pay for itself within six years. &#128260;&#129525; <a href=\"https:\/\/t.co\/TZXK8dse5M\">pic.twitter.com\/TZXK8dse5M<\/a><\/p>\n<p>&mdash; eTukTuk (@eTukTukio) <a href=\"https:\/\/twitter.com\/eTukTukio\/status\/1710333944435261904?ref_src=twsrc%5Etfw\">October 6, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">eTuktuk <\/span><span style=\"font-weight: 400;\">operates on the Binance Smart Chain, employing a decentralized sharing economy model for scalability, security, and efficiency. At its core, the project focuses on eco-friendly electric vehicle charging station infrastructure (EVSE) and introduces affordable electric Tuk Tuks.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Switching from the old, noisy, and polluting ICE tuktuks to the sleek, quiet, and eco-friendly eTukTuk &ndash; because progress is not just about moving, it's about moving forward responsibly &#127807;&#128663;<a href=\"https:\/\/twitter.com\/hashtag\/ElectricVehicles?src=hash&amp;ref_src=twsrc%5Etfw\">#ElectricVehicles<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Memes?src=hash&amp;ref_src=twsrc%5Etfw\">#Memes<\/a> <a href=\"https:\/\/t.co\/BWkoU3T09D\">pic.twitter.com\/BWkoU3T09D<\/a><\/p>\n<p>&mdash; eTukTuk (@eTukTukio) <a href=\"https:\/\/twitter.com\/eTukTukio\/status\/1743992689224540225?ref_src=twsrc%5Etfw\">January 7, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span style=\"font-weight: 400;\">Earn Rewards While Staking TUK Tokens And P2E<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/etuktuk\/\" rel=\"nofollow\"><span style=\"font-weight: 400;\">can stake your $TUK tokens<\/span><\/a><span style=\"font-weight: 400;\"> on the eTukTuk platform for an annual yield of 347%, on top of presale price increases. The more you stake, the higher your rewards. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The project team is launching a play-to-earn game, <\/span><i><span style=\"font-weight: 400;\">Crazy Taxi<\/span><\/i><span style=\"font-weight: 400;\">, where you can earn $TUK tokens by completing missions and ferrying passengers to various locations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Crypto analyst Jacob Bury says projects like these are the future of crypto, and predicts a 10X growth potential for $TUK on launch.<\/span><\/p>\n<p><iframe title=\"New 10X Potential Green AI Crypto?! - eTukTuk Transport Crypto\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/mZAqetFzMh4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">You can buy $TUK tokens today by visiting the <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/etuktuk\/\" rel=\"nofollow\"><span style=\"font-weight: 400;\">official eTukTuk website<\/span><\/a><span style=\"font-weight: 400;\">. Swap BNB or USDT for $TUK tokens or buy directly using your bank card.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Related News<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">&nbsp;<\/span><a href=\"https:\/\/www.linkedin.com\/pulse\/bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue\"><span style=\"font-weight: 400;\">&#128640; Bitcoin Price Prediction: Experts Forecast Bullish Trends for 2024 &#128200;&#128176;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.linkedin.com\/pulse\/best-ai-crypto-coin-projects-top-picks-2023-juliana-clarisse-calsona-d67oe\/\"><span style=\"font-weight: 400;\">&#128640;&#129302; Best AI Crypto Coin Projects: Top Picks for 2023 &#129297;&#128176;<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - 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