Ethereum Price Prediction: ETH/USD Touches $3181 High

Ethereum Price Prediction – February 7

The Ethereum price prediction may cause the coin to create a new upward movement as the technical indicator heads to the north.

ETH/USD Market

Key Levels:

Resistance levels: $3700, $3900, $4100

Support levels: $2500, $2300, $2100

Ethereum Price Prediction
ETHUSD – Daily Chart

ETH/USD is currently recovering above $3100 and it is likely to climb above $3500 soon. The Ethereum price is currently hovering above the 9-day and 21-day moving averages as bulls are dominating the market. Meanwhile, the red-line of the 9-day MA is crossing above the green-line of the 21-day MA to confirm that the bulls are here for business.

Ethereum Price Prediction: Would ETH Price Reach $3300 Level?

According to the daily chart, the Ethereum price may continue to create a new uptrend as it is likely for the coin to hit the resistance level of $3300 if the price crosses above the upper boundary of the channel. Meanwhile, ETH/USD remains in a bullish position and if the world’s second-largest coin stays above the moving averages, it could present more of a chance of bullish movement.

Meanwhile, if the traders could see a tremendous climb above the channel which is fast approaching; it may likely reach the resistance at $3700, $3500, and $3200 levels. On the contrary, dropping below the moving averages may hit the critical support levels of $2500, $2300, and $2100 respectively while the technical indicator Relative Strength Index (14) moves to cross above 60-level.

Cloudbet bonus

Against Bitcoin, Ethereum is likely to follow a bearish sentiment as the coin breaks below the 9-day moving average. The coin is currently suffering from a strong buying power as the bears are trying to gain momentum. Meanwhile, the sellers may continue to release huge pressure on the market if the coin crosses below the 21-day moving average.

Ethereum Price Prediction: ETH/USD Touches $3181 High | کریپتالین ₿ |
ETHBTC – Daily Chart

Currently, the technical indicator Relative Strength Index (14) nosedives below 50-level, and should the bears manage to find support at this level, a downward movement could bring the price to the support level of 6700 SAT and below. But, a push toward the upper boundary of the channel could lead the market price to the resistance level of 7700 SAT and above.

Looking to buy or trade Ethereum (ETH) now? Invest at eToro!

۶۸% of retail investor accounts lose money when trading CFDs with this provider

Read more:

Source link

لینک کوتاه:

دیدگاهتان را بنویسید

منوی اصلی