{"id":635156,"date":"2025-03-13T10:31:23","date_gmt":"2025-03-13T10:31:23","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=635156"},"modified":"2025-03-13T10:31:23","modified_gmt":"2025-03-13T10:31:23","slug":"ethereum-price-prediction-as-sec-postpones-fidelity-eth-etf-options-and-this-best-wallet-presale-nears-11-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/ethereum-price-prediction-as-sec-postpones-fidelity-eth-etf-options-and-this-best-wallet-presale-nears-11-million","title":{"rendered":"Ethereum Price Prediction As SEC Postpones Fidelity ETH ETF Options And This Best Wallet Presale Nears $11 Million"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Ethereum price edged up almost 2% in the last 24 hours to trade at $1,872 as of 11:38 p.m. EST on trading volume that plunged 17% to $22 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This uptick in the ETH price comes after the US Securities and Exchange Commission (SEC) postponed ruling on whether or not to permit Cboe BZX Exchange to list options tied to asset manager Fidelity&rsquo;s Ether exchange-traded fund (ETF).<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128165;BREAKING:<\/p>\n<p>SEC DELAYS OPTIONS ON FIDELITY SPOT <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> ETF <a href=\"https:\/\/t.co\/JlsMuoU1WC\">pic.twitter.com\/JlsMuoU1WC<\/a><\/p>\n<p>&mdash; Crypto Rover (@rovercrc) <a href=\"https:\/\/twitter.com\/rovercrc\/status\/1895504311758852152?ref_src=twsrc%5Etfw\">February 28, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Bearish Ethereum Price Trend Continues Amid Downward Channel<\/h2>\n<p><span style=\"font-weight: 400\">The <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\"><span style=\"font-weight: 400\">ETH price<\/span><\/a><span style=\"font-weight: 400\"> is trading within a clearly defined descending channel, with lower highs and lower lows confirming a bearish structure.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Ethereum price is facing continuous resistance near the upper boundary of this channel, and each rejection reinforces the downtrend.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Key support is forming around the $1,723 level, while the upper boundary of the channel provides resistance around $2,000-$2,100, according to <\/span><a href=\"https:\/\/www.geckoterminal.com\/bsc\/pools\/0xd0e226f674bbf064f54ab47f42473ff80db98cba\"><span style=\"font-weight: 400\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400\"> data.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">A break below the current support could push the price of Ethereum toward the next psychological level of $1,700 or lower. Conversely, a breakout above the channel could shift momentum towards recovery.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Additionally, the price of ETH is trading below both the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart, further confirming that Ethereum is in a strong downtrend with no immediate signs of reversal.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Relative Strength Index (RSI) is at 38.36, which indicates that the Ethereum price is in bearish territory but not yet oversold (which occurs below 30). <\/span><\/p>\n<p><span style=\"font-weight: 400\">This suggests that while selling pressure is dominant, there could still be room for further downside before a reversal or relief rally.<\/span><\/p>\n<figure id=\"attachment_635157\" aria-describedby=\"caption-attachment-635157\" style=\"width: 1638px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-635157 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/ETH_2025-03-13_07-38-48.png\" alt=\"Ethereum Price Chart Analysis Source: GeckoTerminal\" width=\"1638\" height=\"676\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/ETH_2025-03-13_07-38-48.png 1638w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/ETH_2025-03-13_07-38-48-300x124.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/ETH_2025-03-13_07-38-48-1024x423.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/ETH_2025-03-13_07-38-48-768x317.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/ETH_2025-03-13_07-38-48-1536x634.png 1536w\" sizes=\"(max-width: 1638px) 100vw, 1638px\"><figcaption id=\"caption-attachment-635157\" class=\"wp-caption-text\">ETH\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n<h2>ETH Price Prediction<\/h2>\n<p><span style=\"font-weight: 400\">Given the current technical indicators, the Ethereum price remains in a strong downtrend, with the potential to test lower support levels. <\/span><\/p>\n<p><span style=\"font-weight: 400\">If the price of Ethereum breaks below $1,800, there could be a drop towards $1,700 or even $1,650 as selling pressure continues.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, if the ETH price breaks above the descending channel ($2,000) and surpasses the 50 SMA at $2,082, it could regain bullish momentum, targeting $2,200-$2,400 in the short term.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the meantime, investors are flocking to buy <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/bestwalletpresale\" rel=\"nofollow\"><span style=\"font-weight: 400\">Best Wallet (BEST)<\/span><\/a><span style=\"font-weight: 400\">, which popular YouTuber ClayBro, with over 136K subscribers, says has the potential to soar 10X after launch.<\/span><\/p>\n<p><iframe title=\"BestWallet Is Already Seeing Huge Growth! BEST Price Could Explode On Launch!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/IWh7QBZqkMg?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<h2>Best Wallet Presale Nears $11 Million &ndash; Best Crypto To Buy?<\/h2>\n<p><span style=\"font-weight: 400\">The Best Wallet presale is nearing the $11 million mark, with total funds raised now at approximately $10.99 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Lauded for its functionality and suitability for today&rsquo;s market landscape, the non-custodial wallet recently reached over 500,000 total users, with more than 250,000 monthly active users.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A major driver of this growth is Best Wallet&rsquo;s advanced capabilities, including smoother and cheaper transaction processing compared to rivals like MetaMask and Trust Wallet.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Best Wallet&rsquo;s efficiency gains are achieved through integrations with over 200 decentralized protocols and 20 cross-chain bridges.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Among the many features offered, its &ldquo;Upcoming Tokens&rdquo; section is attracting the most attention. This feature helps users discover promising projects that are still in the early stages.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The project&rsquo;s success in identifying promising projects is clear. It&rsquo;s already identified early tokens including <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/pepeunchained\" rel=\"nofollow\"><span style=\"font-weight: 400\">Pepe Unchained (PEPU)<\/span><\/a><span style=\"font-weight: 400\"> and <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/catslap\" rel=\"nofollow\"><span style=\"font-weight: 400\">Catslap (SLAP)<\/span><\/a><span style=\"font-weight: 400\">, meme coins that have delivered huge gains for early investors.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Currently, BEST tokens are priced at $0.024325. Investors can also stake BEST tokens for a huge 143% annual return.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Those interested in joining the project&rsquo;s presale should buy BEST before a price hike in just over 35 hours.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/bestwalletpresale\" rel=\"nofollow\"><span style=\"font-weight: 400\">Learn more about BEST on its official website<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<h3>Related News:<\/h3>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/press-releases\/with-just-34-of-crypto-portfolios-in-profit-can-7-2m-ai-agent-mind-of-pepe-turn-the-tide\"><span style=\"font-weight: 400\">With Just 34% Of Crypto Portfolios In Profit, Can $7.2M MIND Of Pepe Turn The Tide?<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/sponsored\/pepe-price-prediction-pepe-pumps-14-as-the-meme-coin-market-rebounds-while-this-ai-agent-crypto-raises-over-7-3m-in-presale\"><span style=\"font-weight: 400\">PEPE Pumps 14%, While This AI Agent Crypto Raises Over $7.3M In Presale<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/sponsored\/dogecoin-price-prediction-doge-climbs-4-but-investors-rush-to-buy-this-presale-meme-coin-rival-before-its-too-late\"><span style=\"font-weight: 400\">DOGE Climbs 4%, But Investors Rush To Buy This Presale Meme Coin Rival&nbsp;<\/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 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Wallet\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":621117,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[15057],"tags":[7598,5982,7992],"class_list":["post-635156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sponsored","tag-crypto","tag-ethereum","tag-technical-analysis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum Price Prediction As This Best Wallet ICO Nears $11M<\/title>\n<meta name=\"description\" content=\"The Ethereum price rises 2% as the SEC delays its decision on Fidelity&#039;s ETH ETF options, while this best wallet presale nears $11M.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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