Ethereum: Flat Since 2017 High After Nine Years
Ethereum trades at 2017 levels with $1704.54 price, 14% below inflation-adjusted peak while crypto tripled; 4h chart shows bearish EMA death cross.
SourceAnalysis
Ethereum sits at the identical dollar price it held at the 2017 peak, nine years later.
Inflation-adjusted the asset trades 14% lower while the broader crypto market has tripled, highlighting why Ethereum underperformed broader crypto market since 2017 and fueling fresh ETH price prediction debates.
Price action on the 4h chart reveals a bearish trend structure with ETH capped below the EMA50 at $1729.83 and the EMA200 at $1885.05 acting as distant resistance; the MACD death cross at -5.49 reinforces downside momentum while neutral RSI at 42.69 leaves room for a retest of the lower Bollinger Band support at $1687 before any sustained bounce.
Pentoshi
@Pentosh1Builder at Beam and Sophon, advancing decentralized technology solutions.
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