Ethereum Price Prediction — ETH Eyes $4,500 as Bitcoin and ADA Begin Oversold Bounce

Ethereum (ETH) is currently consolidating in a narrow range between $3,500 and $4,800, suggesting that it is building up pressure before its next ￰0￱ believe the range could outline Ethereum’s next major trend, with $4,500 becoming an important target if momentum ￰1￱ the same time, the broader market is displaying signs of ￰2￱ (BTC) is bouncing off massive selling, while Cardano (ADA) is trading in oversold ￰3￱ these mega-cap coins, other analysts are focusing on MAGACOIN FINANCE , a low-cap project that is making headlines for its increasing real-world utility and solid security model – features that make it a standout choice in a volatile ￰4￱ Holds Between $3,500 and $4,800 Awaiting Breakout Ether price has been consolidating for a long time now, maintaining its strength in the 3,500 price ￰5￱ range is a balance between accumulation and taking ￰6￱ state the 50 percent Fibonacci point of the August rally is an important zone – the 3,500 to 3,530 – that is crucial to control the bullish direction.) Struggles Below Resistance but Shows Oversold Signs ADA is currently trading at around $0.63, slightly below its significant moving averages of $0.75, $0.81, and currently at $0.74.

The persistent underperformance has forced ADA into oversold territory, which is a good place for technical conditions to be after a prolonged correction.