Analyst: At present, ETH is retreating normally, and it may reach as high as $ 450 in the short term.

In the past few days, the price of ETH has retraced more than 15%. Cryptocurrency analyst Davincij15 said those who bought at the peak of ETH should have waited for a pullback. However, Davincij15 did mention that the pullback was "normal", which is why he expected prices to rise. Regarding the ETH / BTC trading pair, Davincij15 stated that the 0.382 Fibonacci retracement level is now supporting. When asked about short-term price predictions, Davincij15 expects ETH to reach 0.046 BTC (approximately $ 450 at current prices). However, it may face some strong resistance at the 1.618 golden ratio level.