Ethereum price prediction: ETH rises to $2600 mark, what’s next?
Summary of the situation
Ethereum-Preis wird voraussichtlich eine Seitwärtsbewegung um $2600 sehen
Die nächstgelegene Unterstützung liegt bei $2600 und noch tiefer bei $2500.
ETH steht vor Widerstand bei $2650
Nachdem der Ethereum-Kurs schließlich die Marke von $2650 durchbrochen hatte, konnte er seine Aufwärtsbewegung nicht fortsetzen und fiel auf knapp über $2570. If the $2570 price is not that high in this day and age, the price will not be that high and will be even higher in the near future when the sales figures are tallied.
The market for small kryptos was boisterous in the last seven years, while most of the large kryptos were zeichneten near the sampled Zeithorizont. Key companies include DOGE and ADA, which posted gains of 8.81 percent. 4,22 Prozent verzeichneten. Zur gleichen Zeit stiegen Bitcoin und Ethereum um 0,5 Prozent bzw. 9.21 Prozent.
Technical indicators for ETH/USDT
Technical indicators for ETH/USDT from Tradingview
As for the technical indicators, the MACD shows a decline in bullish momentum. Although the histogram is still green at the time of writing, its size has shrunk significantly as the price has struggled to reach the 85.00 mark. Although the 12-EMA is still above the 26-EMA, there is little difference between the two and they could show a reversal at any time.
The RSI is currently in neutral territory, just below the 60.00 mark and giving no signals. Last week the indicator was in the neutral zone. Currently, the RSI has jumped into oversold territory, indicating that upside momentum is waning.
The Bollinger Bands are currently wide but showing convergence while the Ethereum price is hovering around the $2570 mark. Price is currently back in the middle, far from the upper boundary, indicating further convergence. For now, the indicator shows a further decrease in the volatility of the Ethereum price.
Overall, the technical analysis on the 4-hour chart gives a buy signal. 14 of the 26 major technical indicators point to an upward movement. On the other hand, only two indicators are giving sell signals, indicating a bearish pullback. Meanwhile, ten indicators remain on the sidelines, not supporting either side of the market.
The technical analysis on a 24-hour basis confirms this assessment and also gives a buy signal, as 16 of the 26 indicators point to an upward movement and only three indicators point to a bearish pullback. At the same time, seven indicators remain neutral and give no signal at the time of writing.
What can we expect from the Ethereum price?
4-hour price chart from Tradingview
Ethereum’s price is currently consolidating at $2,600 before ETH goes up. The price will stabilize at current levels for the next two candles before moving further towards the $3,000 mark.
Therefore, traders should expect Ethereum to move sideways towards $2,600 before moving back up towards the $2,800 level. The technical indicators and medium-term technical analysis are highly optimistic and confirm this assumption.
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