With the fear index touching nearly 25, traders are at their high alert, and most are looking forward to the markets experiencing a 0 recent price movement of Ethereum has been characterized to be weakening, though analysts are pinpointing key altcoins like Solana (SOL), Hyperliquid (HYPE), and MAGACOIN FINANCE to be the best altcoins to acquire before the next big price 1 with the pullback in the price of Ethereum, market participants are targeting these oversold altcoins, and they are lining themselves to gain 2 Faces Pullback Amid Bearish MACD Signal The recent run by Ethereum over the $4,400 -4,500 mark was an indication that the currency may be on a route to the $5,000 mark.
Nevertheless, Ethereum has been reversing and it is currently trading at approximately $3,994. One of the most important indicators that are used to identify the momentum is the Moving Average Convergence Divergence indicator (MACD) which is beginning to show bearish crossover and is a cause of concern among 3 the MACD line has gone below the signal line, it is normally an indication of the decreasing trend and the possible change of the bullish sentiment into the bearish 4 fear index which has recently fallen to 25 is contributing to the optimistic attitude towards 5 players are therefore waiting to see an affirmation of the bearish 6 indication will come with the weekly close under $3,900 which may trigger further decline.), Hyperliquid (HYPE), and MAGACOIN FINANCE that seem to have a higher potential of providing higher 7 Strength in Institutional Futures Market Solana (SOL) has become a serious player in the altcoin market, particularly as it becomes more involved in 8 Solana CME futures have had high volume, and more than $34 billion in notional volume has been traded since 9 rise in futures contracts is a sign that institutional investors are preparing to invest in Solana in future, even after the recent price fluctuations.).
Although the token has been vulnerable to technical problems in the recent past, according to the on-chain data it is being underpriced at its present 10 expanding network and stable fee revenue of the project are some signs of a healthy ecosystem, although it is reversing prices.
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