Ethereum price prediction is bearish as it trades below the December down trendline. ETH’s inability to reclaim the $4,000 crucial level is a suggestion that selling the largest altcoin my market cap remains a threat.
Ethereum’s (ETH) price action has been uneventful in the first few days of 2022 and it continues to languish below the $4,000 psychological level. The Crypto Fear and Greed Index is in the Extreme Fear zone registering a value of 23/100 on Tuesday.
However, according to Ecoinmetrics, an on-chain resource analysis company, stages of extreme fear rarely linger for long, meaning they have a downside of around 30 days.
Ethereum continues to garner support from various quarters. Yield-boosting application Convex Finance continues to allow users to access liquidity and earn fees from Ethereum-based stable coin exchange Curve Finance. Convex Finance crossed the $20 billion mark in total value locked (TVL) on January 02, days after becoming the second-largest decentralized f
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