Ethereum price analysis: Ethereum moves to $3,000, ready to set a higher high?
Ethereum has been on a steady rise over the past few days, and following a test of the lower $3,000 price range, it has surged in the past 24 hours from around $2,850 to $3,000. This is a continuation of a trend that has been going on for a few weeks, with the price having risen from around $1,000 to $1,500, and then to around $2,000. The current upward price trend is making it very likely that Ethereum will soon hit $3,000, as the chart below shows.
The Ethereum price has moved up to $3,000 after breaking through the $2,800 resistance level.
The Ethereum price prediction for February 4, 2018 forecast by darknotetalk, a leading cryptocurrency trader and analyst, is based on trading volumes and technical analysis. Ethereum made a new all-time high at $414.20, which is about a $150 increase in just three days. The current price of Ethereum at around $367 is a move of 5.7%.. Read more about ethereum $100,000 and let us know what you think.
Summary of the situation
ETH is up overnight.
The previous top at $2,900 is being tested again.
The next resistance is at the $3,200 level.
The price outlook for Ethereum today is bullish as the market has continued to rise in recent days after setting a higher low around $2,200. Therefore, we expect ETH/USD to hit the next resistance at $3,200. Crypto-currency heat map. Source: Coin360 Overall, the market has traded in the green for the past 24 hours. Bitcoin and Ethereum are up 2.5-3%, while Filecoin is up 22.5%. ETH/USD opened at $2,706 after yesterday’s bullish rally. Today, the price of Ethereum has continued to rise, reaching a high of around $2,900 so far. From here we expect a further rise to a breakout above the $3,000 resistance level.
Ethereum price movement in the last 24 hours
ETH/USD was trading in a range of $2,667 to $2,891, indicating moderate volatility. Trading volume increased 15% to $30.8 billion. Meanwhile, the total market capitalization is $330 billion, which puts the cryptocurrency in second place with a market dominance of 18.83%.
ETH/USD 4-Hour Chart – Ethereum is preparing to break the $3,000 barrier.
On the 4-hour chart, we see that the price of Ethereum is preparing to break through the $3,000 resistance level. 4 hour chart ETH/USD. Source: TradingView The market as a whole continues to recover from the declines of recent weeks. So far, the Ethereum price movement has shown signs of further declines, as on May 23. support was found at $1,725. After a rally in late May, the ETH peaked at $2,900 before falling back to a low of $2,200. Thus, the first sign of an impending trend reversal has appeared and we can expect ETH/USD to continue to rise in the coming weeks. The closest target is at $3,200 and implies that a much higher high will be reached in the coming weeks, from where Ethereum will prepare to further strengthen its bullish momentum to reach the previous all-time high at $4,400.
Ethereum Price Forecast: Supplement
The Ethereum price outlook is bullish as the market has continued to move higher in recent days. After hitting a low of $2,200, Ethereum moved to a new high above the $2,900 level. Therefore, we expect ETH/USD to move towards the $3,200 price point later this week. With the price of Ethereum rising, read our latest guides on how to buy Cardano, mine Zcash and how many bitcoins are left to mine. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.Following a sharp surge in prices over the past few months, the Ethereum price is currently trading at $958, according to CoinMarketCap. The surge in Ethereum prices has been led by a big development in the Ethereum network; the Ethereum Enterprise Alliance (EEA) is about to launch its first project (called “Starter Dapp”), which will be based on the Ethereum blockchain and will be a fully decentralized and public application.. Read more about ethereum price prediction chart and let us know what you think.
Frequently Asked Questions
What will ethereum be worth in 2030?
As a cryptocurrency, ethereum attempts to solve the problem of a lack of transparency in the Bitcoin blockchain, where users have no way to determine if a transaction is legitimate. To address this, ethereum uses a process called mining that requires users to solve complex problems before they are able to send or receive funds. In the present day, it’s easy to dismiss cryptocurrency as a random fad that will burn out, but that would be a costly mistake. Over the past few years, Ethereum has established itself as one of the world’s leading blockchain technologies, alongside bitcoin and Ripple. Ethereum has won the trust and respect of the financial sector and the wider tech sector alike, and has become a vital component of our everyday lives.
Will ethereum go up?
Ethereum was quietly enjoying a stellar 2017, as its price rose sharply. A large part of the gains came from the explosion of ICO funding that ICOs have brought to the blockchain, and the high price levels were driven by the fact that the Ethereum network was currently the second largest public blockchain network. If you’re wondering whether ethereum will take off or not, there’s a simple answer: Yes.
What is ethereum worth in 2022?
As you read this, the ethereum price has been on a wild ride this week. The Ethereum price had been on a big uptrend since the middle of this year, shooting up from around $300 to a high of $800 in mid-May. Then, roughly a month later, it suddenly crashed and has been on a steady downward trend ever since. This week has been no exception. The price is now hovering at around $300 once again. The price of ethereum is going higher again, at least according to some analysts. Today, the price of ether (ETH) at the time of this writing is $316, meaning that the cryptocurrency has multiplied its value by over a hundred times in the past two years. How much higher can it go? That’s the question that many analysts are asking themselves, and some of them are betting big on it.
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