Here’s Why Ethereum (ETH) Price Can Plunge More Ahead

Ethereum, the world’s second largest cryptocurrency has been trading under major selling pressure. ETH prices have dropped by 40% over the past 30 days. However, expert suggests that this drop may continue further.

July/August can be worst months

Daniel Cheung, Co founder of Pangea Fund Management in a Twitter thread mentioned a massive short opportunity for Ethereum at $1,200 in the next 2 months. He suggests that the market hasn’t yet seen the capitulation yet. It added that July and August are lined up to be the worst months ahead.The fund manager highlighted that currently, the market is in the Macro trade regime. The Bitcoin and Ethereum trends suggest that the crypto market has been trading very sensitively to inflation.

The recent selling pressure has led the Global crypto market cap to plunge by another 5% over the past day. It now stands at $902 billion. The digital asset market recorded its all time high (ATH) of $3 trillion in November 2021.

Ethereum price can drop by 40%

The world’s second largest crypto is still likely to be levered and liquid bet on Nasdaq and that too for the next 2 months. He believes that Nasdaq still has a lot of room to fail ahead. It is still down by 30% from the recent ATH with a prior drawdown. Cheung added that a further 20% downside is still in the frame for QQQ and 40% for Ethereum.

ETH prices are down by more than 9% in the last 24 hours. It’s trading at an average price of $1,111, at the press time. Its 24 hours trading volume is up by 7% to stand at $14.6 billion. However, it is still down by 77% from its all time high.

By Ashish Kumar

Critics by Lapin

Ethereum price analysis is bearish today as we have seen more downside reached over the last 24 hours with a steady downside momentum. Therefore, we expect ETH/USD to drop even lower and look to retrace even lower. The next obvious target is the $1,050 support, which, if broken, would lead to a lot more downside in July.  The market has traded in the red over the last 24 hours. The leader, Bitcoin, lost 4.81 percent, while Ethereum a more substantial 9.17 percent. The rest of the top altcoins have followed close by, with some declining even further.

Ethereum price movement in the last 24 hours: Ethereum breaks past $1,175

ETH/USD traded in a range of $1,111.20 to $1,229.74, indicating substantial volatility over the last 24 hours. Trading volume has increased by 5.36 percent, totaling $14.58 billion, while the total market cap trades around $135.5 billion, resulting in market dominance of 15.13 percent.

ETH/USD 4-hour chart: ETH targets $1,050 next?

On the 4-hour chart, we can see the Ethereum price still testing further lows with no signs of reversal just yet. Therefore, more downside should follow to the $1,050 previous local swing low. Ethereum price action has seen strong bullish signals over the second half of June. After the initial reaction from the last swing low at $1,050, ETH/USD retraced to $1,175, setting a strong lower high. However, further downside did not follow as the $1,050 offered strong support.

From the newly found local higher low, ETH rallied higher one more time last week. A new high was set at $1,275, indicating that the several-week bearish momentum could soon end. On Monday, bearish momentum took over as buyers became exhausted. After some , ETH/USD set a lower local high and broke past the $1,775 local support. Late yesterday the decline continued, pushing the Ethereum price as low as the $1,100 mark.

This means that bullish momentum could soon come back. However, as long as bearish candles are seen later today, we expect further downside at the $1,050 previous low to be reached soon. From there, much depends on how the market will react. If a break below this support follows, we could see a lot more downside and both lower lows and highs set in July. Alternatively, if the $1,050 mark holds, ETH could move into consolidation.

Ethereum price analysis: Conclusion 

Ethereum price analysis is bearish today as we have seen a lot more retrace from the previous swing high at $1,275 so far this week. Since no signs of reversal have followed today, we expect ETH/USD to move even further and target the previous local low. In case it is broken, ETH should see a lot more downside early in July.

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Melatonin Overdoses In Kids Increase 530% Over Past Decade

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Over the past decade, the number of children overdosing on melatonin, a sleep aid, has increased by 530%, according to a new study published by the Centers for Disease Control and Prevention.

The largest increase, a 38% jump, came in the first year of the coronavirus pandemic, which the study’s authors say was likely because more children were spending more time at home.In 2021 alone, more than 50,000 calls were placed to poison control centers in the United States about melatonin ingestion by kids, the study found.

“Most were unintentional exposure, meaning the parent did not give the child melatonin,” said ABC News chief medical correspondent Dr. Jennifer Ashton, also a board-certified OBGYN. “So the implication is the child got into it themselves.” Here are four things for parents to know to help keep kids safe.

1. Melatonin is a widely-accessible supplement.

Melatonin is a hormone that plays a role in sleep, according to the National Institutes of Health. In the U.S., melatonin supplements are considered dietary supplements, which means they are accessible to the public without the regulations of a prescription drug.

Melatonin supplements come in the form of tablets, capsules, liquid and even gummies, which may make them more attractive to kids. According to the study’s authors, “Increased sales, availability, and widespread use have likely resulted in increased access and exposure risk among children in the home.”

2. Melatonin has not been widely studied in kids.

There have not yet been enough studies on melatonin and kids to know the full impact of the supplement, according to the NIH. Even in adults, according to the NIH, the long-term impacts of melatonin are not well-known, even if the supplement does appear to be mostly safe with short-term use. With kids, because melatonin is a hormone, there is a possibility that taking it by supplement could impact hormonal development like puberty and menstruation, according to the NIH.

3. Melatonin ingestion by a child is a medical emergency

According to Ashton, when a child ingests melatonin without adult supervision, it is a medical emergency that requires immediate action. “You either want to bring them to an emergency room or contact a poison control center,” she said. Symptoms of melatonin ingestion in kids includes abdominal pain, nausea or vomiting, excessive tiredness and labored breathing.

4. Parents should store melatonin out of kids’ reach.

Ashton said parents should keep all medications and supplements, including melatonin, out of the reach of kids, even young teenagers. Bottle tops should also be kept securely closed, according to Ashton, who encouraged parents to talk to their kids about medication safety.

“You always want to use any medication exposure as an opportunity to really teach that child about medication, that it should only be given by an adult, is not candy and can have consequences both good and bad,” she said. The CDC also has additional tips HERE for keeping medication safely away from kids.

By Katie Kindelan

Source: Melatonin overdoses in kids increase 530% over past decade: What parents need to know to keep kids safe

Critics by

It’s not easy to get good sleep, especially during a worrisome pandemic with no end in sight, so it’s not surprising that bottles of sleep-inducing melatonin pills have become bedside staples. But this increased availability of melatonin at home, particularly in easy-to-consume forms like gummies, has had serious, and in some cases deadly, consequences for the children who either accidentally get their hands on it or are given it by a caregiver.

A new study published by the CDC found that melatonin overdoses in children increased 530% from 2012 to 2021, with the largest spike — a 38% increase — occurring from 2019 to 2020, when the COVID pandemic started. The researchers looked at melatonin overdoses in children and teens. More than 260,000 cases were reported to US poison control centers over the last decade, including more than 4,000 hospitalizations and nearly 300 that resulted in intensive care.

Five children required mechanical ventilation and two children — a 3-month-old and a 1-year-old — died at home following melatonin poisoning. The researchers said child-resistant packaging for melatonin “should be considered” and that healthcare providers need to better warn parents about the supplement’s “potential toxic consequences.”

The study’s lead researcher Dr. Karima Lelak, who is a pediatric emergency medicine physician at the Children’s Hospital of Michigan in Detroit, said melatonin may not be as harmless as people make it out to be, and that safe storage is absolutely critical. “Parents should really see melatonin just as any other medication that has the potential to do harm to kids, and it can be even more dangerous because it can look like candy,” Lelak told BuzzFeed News. “If a parent takes their melatonin after reading this paper and puts it in their medicine cabinet, I am humbled because I think that’s really a big take-home point: safe storage.”

Melatonin supplements work by mimicking melatonin, a hormone naturally found in our bodies that is produced by the brain in response to darkness. Supplements are mostly used to treat sleep disorders, but they’re an accessible over-the-counter product anyone can buy and use to help improve sleep (and they’re often promoted to parents as a sleep aid for children). Melatonin is regulated by the FDA as a dietary supplement, requires no prescription to take, and is widely available in pill, liquid, and gummy form.

The majority of melatonin overdoses were accidental, occurred at home, and were treated in a setting outside of healthcare, the researchers found; most involved boys younger than 5. Melatonin consumption comprised about 5% of all childhood overdoses reported to poison control centers in 2021, compared with 0.6% in 2012, the study found. The supplement was the most frequently consumed substance among kids reported to poison control centers in 2020, likely because children were spending more time at home due to pandemic-related school closures and stay-at-home orders.

The 10-year study also showed that melatonin ingestions are leading to more serious outcomes over time. Whereas most hospitalized patients involved teenagers who may have intentionally taken too much of the hormone, the biggest jump in hospital admissions occurred among kids younger than 5 who accidentally overdosed on melatonin. It’s still unclear why the severity of melatonin ingestions among kids is getting worse, but the researchers speculate that quality control issues with the supplements themselves may play a role.

Melatonin sales in the US surged 150% between 2016 and 2020 in response to public demand. Studies conducted in Canada have shown that melatonin sold in stores often fails to match some of its label’s claims in terms of dosage, with the most variation found in the chewable products that kids are more likely to consume. This research has led to some important changes in Canada’s health policies involving melatonin, including the banning of certain over-the-counter products. However, such “drug quality studies and legislation initiatives in the United States are lacking,” the researchers wrote.

What’s more, these studies have found that some melatonin products are often contaminated with “potentially clinically significant” doses of serotonin, a byproduct of melatonin, that can lead to serotonin toxicity in kids, causing symptoms such as confusion, high blood pressure, overactive reflexes, and a rapid heartbeat. Most of the children included in the study who accidentally consumed too much melatonin didn’t have any symptoms, but those who did had gastrointestinal, cardiovascular, or central nervous system issues, including nausea, drowsiness, abdominal pain, and vomiting, Lelak said.

It’s difficult to know how much melatonin is too much because there isn’t an established dosage deemed safe for consumption, according to Lelak. It could be one pill or an entire bottle, but it will depend on how old someone is, the symptoms they’re showing after ingestion (if any), and their body size. About 15% to 25% of children and adolescents have trouble falling and staying asleep, according to the American Academy of Pediatrics. However, the group warns, parents should speak with their pediatrician before giving their kids melatonin.

Dr. Shalini Paruthi, a spokesperson for the American Academy of Sleep Medicine, previously told BuzzFeed News that parents should wait until their kids are at least 3 years old before giving them melatonin because children younger than that have “unformed neurological and endocrine systems.” It’s also a good idea to first address poor sleep behaviors to ensure kids are getting quality sleep…

 

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What’s Happening With Clean Energy Fuels Stock?

Clean Energy Fuels (NASDAQ: CLNE), a company best known for collecting and transporting renewable natural gas that is produced from the organic waste collected at dairy farms and related sources, has seen its stock rise by about 15% over the last month (about 21 trading days). This compares to the S&P 500 which has gained 4% over the same period.

The recent gains are driven by new contract wins, including a deal to build a hydrogen station and supply liquid hydrogen fuel for Foothill Transit, a southern California bus service. Moreover, Clean Energy Fuels also won a deal to supply about 78 million gallons of liquified natural gas to World Fuel Services for two container ships.

So is CLNE stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 54% chance of a rise in CLNE stock over the next month. See our analysis on Clean Energy Fuels Stock Chance of Rise for more details.

Five Days: CLNE -1.9%, vs. S&P 500 4%; Underperformed market

(41% Event Probability)

  • Clean Energy stock declined -1.9% over a five-day trading period ending 10/20/2021, compared to the broader market (S&P500) which rose 4%.
  • A change of -1.9% or more over five trading days has a 41% event probability, which has occurred 1021 times out of 2516 times in the last ten years.
  • Clean Energy stock rose 14% over a ten-day trading period ending 10/20/2021, compared to the broader market (S&P500) which rose 4%.
  • A change of 14% or more over ten trading days has an 11% event probability, which has occurred 287 times out of 2516 times in the last ten years.

Twenty-One Days: CLNE 15%, vs. S&P 500 4.3%; Outperformed market

(17% Event Probability)

  • Clean Energy stock rose 15% over a twenty-one-day trading period ending 10/20/2021, compared to the broader market (S&P500) which rose 4%.
  • A change of 15% or more over twenty-one trading days has a 17% event probability, which has occurred 424 times out of 2516 times in the last ten years.

See our theme on Hydrogen Economy Stocks for an overview of U.S. companies that sell hydrogen fuel cells, related renewable energy equipment, and supply hydrogen gas.

[8/17/2021] Is Clean Energy Fuels Stock A Buy?

Clean Energy Fuels (NASDAQ: CLNE), a company best known for collecting and transporting renewable natural gas that is produced from the animal waste collected at dairy farms and related sources, has seen its stock decline by about 8% over the last five trading days and remains down by about 5% over the past month (21 trading days).

In comparison, the S&P 500 was up by roughly 1% over the last week. The recent decline follows the company’s mixed Q2 2021 earnings that were published in early August. While revenues rose 29% year-over-year to $79 million, on the back of higher delivery volumes, net losses widened due to some one-time charges.

So is the stock likely to correct further, or is a rally looking more likely? Per the Trefis Machine Learning Engine, which analyzes historical stock price data, CLNE stock has a roughly equal chance of a rise or a fall over the next month. See our dashboard analysis on CLNE Stock Chances Of Rise for more details.

Now is CLNE stock a buy for longer-term investors? We think it’s worth a look. Although Clean Energy Fuels’ performance in recent years has been mixed, with the company posting little or no revenue growth, things are poised to only get better from here.

There is increasing urgency to fight climate change among governments and big businesses, and this should play to Clean Energy Fuels’ strengths. The company supplies conventional natural gas as well as renewable natural gas, which can be used to power heavy-duty trucks and buses while effectively producing negative greenhouse gas emissions.

Clean Energy’s RNG sales are projected to rise driven by more favorable regulation as well as deals with top energy companies such as Total, and BP, and retail behemoth Amazon, which has a five-year contract to buy RNG from the company. Clean Energy is also investing in bolstering its RNG supply, with plans to increase RNG production to 100% of the total supply mix, up from about 40% last year.

Although the stock trades at a relatively high 5.5x forward revenue, the company’s leading position in the RNG space, the sizable market opportunity, as well as potential regulatory tailwinds could make the stock worth considering.

[6/1/2021] Why Clean Energy Fuels Stock Is Up 3.5x Over The Last Year

Clean Energy Fuels (NASDAQ NDAQ +1.4%: CLNE), a company best known for supplying natural gas, has seen its stock price rally by over 270% over the last 12 months, with the stock now trading at levels of close to $8 per share, although it remains down from levels of around $18 seen in February.

This compares to the S&P 500 which is up by just about 37% over the last 12 months. The rally comes despite a weak financial performance, with the company recording no growth between 2017 and 2019 as sales stood at levels of around $340 million, with sales declining to about $290 million in 2020.

Clean Energy Fuels has also remained largely unprofitable over its 14 years as a public company. However, the markets are valuing the company much more richly, with its P/S multiple, based on trailing sales, rising from 0.9x in 2017 to about 5.4x currently. So is Clean Energy Fuels stock still a buy? We think it is, for a couple of reasons.

See our analysis on What’s Driving Clean Energy Fuels Stock’s 270% Rally? for an overview of how CLNE’s key financial and valuation metrics have trended.

Clean Energy Fuels is best known for its fueling network of over 540 stations across the United States, engaged in the supply of compressed natural gas, liquified natural gas, and renewable natural gas. However, much of the company’s surging valuation likely comes from its focus on expanding its RNG business.

RNG is produced when organic waste from landfills, dairy farms, and other sources decomposes and releases methane gas, which is then further processed and purified. RNG is viewed as a clean fuel and is classified as a carbon-negative in states such as California, considering its feedstock such as dairy cow waste is a key source of greenhouse gas emissions, and by using this it takes more carbon out of the environment than it produces.

This makes the fuel very attractive from an environmental standpoint and governments are incentivizing this via potentially lucrative federal and state-level renewable credits.

While about 40% of the Clean Energy Fuels gas sold in 2020 came from RNG, it is targeting a 100% mix of RNG at all its fuel stations within the next five years. Major corporations have also shown a lot of interest in the RNG space with Clean Energy Fuels recently signing deals to build renewable natural gas fuel facilities and infrastructure with energy giants Total (NYSE: TOT) and BP (NYSE: BP).

While RNG is used predominately in the transportation sector, powering heavy vehicles, it could eventually be used for electricity generation and even as a raw material for hydrogen production, giving it a massive addressable market.

The outlook for Clean Energy Fuels financials is also looking better. Sales are projected to grow by about 10% each year over 2021 and 2022, per consensus estimates, with the company also likely to break even in 2022. Now although a 5x plus forward revenue multiple is somewhat high, the company’s leading position in the renewable natural gas space, the sizable market potential, regulatory tailwinds under the Biden Administration, and the recent correction make the stock worth a look.

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since 2016.

Invest with Trefis Market Beating Portfolios

See all Trefis Price Estimates

Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company’s products, that you

Source: What’s Happening With Clean Energy Fuels Stock?

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