Ethereum (ETC) is the second best performing coin on the market next to Bitcoin (BTC). The coin has seen bullish trends over the past month,but will it hold up? This does not appear to be the case as crypto analysts are forecasting ETH to fall from a high of around $1,600 to the $700-$800 price range.
What’s in store for one of the world’s most popular coins? And should you invest in newer coins with more potential for big wins – such as the hiding places?
Ethereum Price Plunges, But Should You Buy the Dip?
Ethereum (ETH) is trading at $1,568 and is down 1.3% in the last 24 hours. If the coin fails to break the $1,595 level, it will indicate weaker buying pressure.
If ETH prices push lower resulting in a 12-hour candle close below the $1,559 support level, it may invalidate bullish views.
A similar move could see ETH price fall 5% and retest the recent low of $1,479.
Over the past four months, the number of Ethereum (ETH) daily active addresses (DAA) has dropped to 152,000. This drop has increased concerns about the future performance of the coin ahead of the year-end.
As a result, inflation in the traditional market dragged ETH lower, threatening a price plunge to $750, or 40% below current levels.
This is why ETH owners are looking for other crypto projects during the virtual coin stagnation phase.
ETH investors can make more money by investing in The Hideaways (HDWY), with real-world utilities protecting investments from the bears.
Forget Ethereum; Join The Hideaways instead
The Hiding Places (HDWY) is your chance to participate in a potential 100x parabolic rise that can enhance your real estate investment experience.
The project offers investors a valuable proposition by allowing them to acquire NFTs backed by true luxury properties located worldwide and accessible for fractional purchases.
You can earn at least 20% passive income per year out of HDWY Traits by owning one of their NFTs.
The hiding spots allows users to profit from the profitable market while securing risky investments with real assets that have historically increased in value and are not available.
HDWY lets you get involved $23 trillion Value of tokenized luxury assets by purchasing HDWY tokens for $0.045.
In addition, HDWY locked token liquidity for 999+ yearss, and a thorough examination by SolidProof clearly shows that the project is well positioned for a bullish market.
Get HDWY tokens now!
Website: https://www.thehideaways.io/
Pre sales: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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