Ethereum Price Analysis After: ETH Price Could Reach $2500 in Next 7 Days! Appeared first on Coinpedia – Fintech & Cryptocurrency News Media| crypto guide
Ethereum (ETH) Price Analysis
- Ethereum price has been swinging inside an ascending triangle since its low a month ago
- As the last testnet the Goerly testnet saw ETH price cut through a key resistance and consolidated just above these levels.
- Currently, the price has formed a one-minute bullish flag which could push the price above $2100 in a while from now
- Once ETH price cuts above these levels it could turn higher to test the next target at $2400 which could pave the way for securing levels above $2500.
Ethereum (ETH) Technical Analysis
technical indicators
technical indicators | Price (STF/HTF) | Action (STF/HTF) |
Relative Strength Index (RSI) | 65.03 / 46.34 | buy / neutral |
MACD | 54.43 / -391.45 | buy Sell |
Average Directional Index (ADX) | 23.65 / 31.16 | neutral / neutral |
Average True Range (ATR) | 51.34 / 375.22 | low volatility / low volatility |
bull-bear power | 73.36 / 112.88 | buy buy |
pivot level
pivot level | short term | long term |
resistance | $2100 | $2978 |
help | $1744 | $1013 |
Moving Average (MA) -50 | $1732.78 | $2892.34 |
Moving Average (MA) -200 | $1460.84 | 1239.55 |
Ethereum (ETH) price is extremely bullish across all time zones as all indicators are flashing a major buy signal. Hence, the asset appears to be headed towards achieving higher targets very soon.