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Ethereum (ETH) Price Prediction — Will ETH Hit $1700 Soon?Ethereum (ETH) Current Market Status According to CoinGecko, the price of Ethereum (ETH) is $1,295.25 with a 24-hour trading volume of $7,480,811,788 at the time of writing. However, ETH has increased by nearly 0.8% in the last 24 hours. Moreover, Ethereum (ETH) has a circulating supply of 120,914,876 ETH. Currently, Ethereum (ETH) trades in cryptocurrency exchanges such as Binance, FTX, KuCoin, Gate.io, HuobiGlobal Ethereum (ETH) Price Prediction 2022 Ethereum (ETH) holds the 2nd position on CoinGecko right now. ETH price prediction 2022 is explained below with a daily time frame. Descending Channel also known as the falling channel . A descending channel is formed by two parallel trendlines . The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market. Currently,Ethereum (ETH) is in the range of $1300. If the pattern continues, the price of SHIBINU(SHIB) might reach the resistance levels of $ 1700,If the trend reverses, then the price of Ethereum (ETH) may fall to $1200 Happy Trading
Long
by TheNewsCrypto
Ethereum (ETH) Macro OverviewToday, I would like to share my analysis of Ethereum (ETH) on a macro time frame. Based on the current price action, I foresee a potential rally toward the $2,800–$2,900 zone, which could align with a possible market reaction during the FOMC meeting regarding rate cuts scheduled for September 17-18. Should ETH break the upper demand zone, further upward movement may be possible, though I am personally anticipating a larger market correction post this rally. A downturn towards the $2,200 range appears likely, with the potential for ETH to reach as low as $1,500 by year-end. One of the key indicators supporting this outlook is the Money Flow Index (MFI) on both the daily and weekly time frames, which has been trending downward since May. This suggests that capital has been gradually exiting ETH, which could lead to increased selling pressure. Another factor to consider is Bitcoin (BTC), which could see a significant correction from the $65,000 level. This could trigger a cascading effect, further driving down ETH prices. Given this macro setup, I plan to initiate a swing short position in ETH/USDT around the $2,800 range. In the near term, ETH could hit the $2,621 pivot level before any further developments. Disclaimer: This is not financial advice. Please conduct your own research and trade responsibly.
by utkarshx27
$ETH MacroTechnical Analysis: $Ethereum is currently trading in the $1600 range, displaying resilience around its yearly pivot. Notably, it has faced rejection at this level twice, indicating a significant resistance zone. Long-Term Investment Perspective: For investors seeking entry points for the next bull run, a prudent approach may be to monitor the price range between $900 and $650. This range aligns with strong historical support and is often referred to as the "liquidity box." Buying within this range during market corrections can be a strategic move to accumulate CRYPTOCAP:ETH for the long term. Short-Term Swing Trading Perspective: Traders looking for shorter-term opportunities can keep a close watch on Ethereum's behavior around the yearly pivot. If CRYPTOCAP:ETH attempts to test this level again and faces rejection, it could present an attractive short swing trading opportunity. Careful risk management and technical analysis will be crucial in executing this trade. Conclusion: In the dynamic world of cryptocurrency trading, Ethereum offers a spectrum of opportunities. Long-term investors may consider accumulating CRYPTOCAP:ETH in the $900 - $650 range, while short-term traders can capitalize on potential reversals around the yearly pivot. As always, thorough research and a disciplined approach are essential for success in this market. Not A Financial Advice DO YOUR OWN RESEARCH
BITSTAMP:ETHUSD
by utkarshx27
Whales Accumulating Ethereum : Can ETH Reclaim $3K in September?Whales Accumulating Ethereum : Can ETH Reclaim $3K in September? The whales have accumulated nearly 0.5% of the supply in the last two weeks. Ethereum may reclaim the psychological $3000 if it surpasses the higher range of consolidation over daily chart. Ethereum has been hovering in a range bound zone for the last three weeks. The bulls and bears seemed to be in a tough fight near the psychological $2500 level. Recently, Ethereum bulls attempted for a breakout of the consolidation above $2800. However, it failed due to the presence of strong bearish forces and the price loomed back towards the $2400 levels. At the time of writing, Ethereum was exchanging hands close to $2519 recording a positive gain of nearly 3.93% in intraday. Whales Accumulating At The Lows: Analysts Say Despite consolidation in Ethereum price near the $2500 for the last couple of weeks, the analysts have noted something cooking behind the curtains. The analysts have noticed a significant change in the whale holdings in the last couple of weeks while the price hasn't moved significantly. As per the analysts, the top addresses often known as whales were holding nearly 43.5% of the total supply in mid August which now has surged to 44.01% indicating a significant 0.51% jump in just two weeks. A significant jump in the whale holdings suggests whale accumulation at the lows while retailers seem to be in panic and liquidating their investments. Moreover, as per the data obtained by an on-chain analytics website app.santiment.net a notable change was observed in the price DAA divergence indicator. The bearish divergence between the price and DAA (Daily active addresses) seemed to be decreasing, highlighting the waning interest of the sellers. The price DAA divergence is an on-chain metrics which reflects the change in bearish or bullish divergence between the asset's price and daily active addresses. The decreasing bearish divergence indicates a potential buying in Ethereum in the upcoming sessions. Ethereum May Reclaim $3000 level In September: Here’s How? From a technical perspective, Ethereum price was hovering below the key exponential moving averages of 20, 50 and 200 days suggesting a bearish domination. However, the last couple of weeks saw a range bound movement in Ethereum. On the higher side, the bears have established themselves firmly near $2800 level. On the contrary the bulls seem to be in domination near the $2350 level. Now a clear trend may be observed on the charts if the price breaks on either side. Additionally, the on-chain metrics have indicated a possible breakout scenario which may validate on the charts of ETH price surpasses $2800 level. On a sustained breakout Ethereum may look to reclaim its presence near the psychological $3000 levels in September. At the time of writing, the RSI line was placed close to 42 points and that of the 14 day SMA line was placed at 42.21 points. A bullish crossover between the RSI and SMA line suggests a potential bullish trend continuation.
COINBASE:ETHUSDLong
by Ritika_TCR
A Technical Overview Of ETH Ethereum has a market cap of $446 Billion and is ranked 2nd in the crypto verse. The volume of the ETH has surged by 255% in the last 24 hours. The price of ETH has observed a rise of 20% in the last 24 hours. ETH rise is speculated due to the upcoming approvals of the Spot ETF. ETH is forming strong bullish candles on the daily chart. It is trading above the 50,100 and 200 EMA while looking to cross the new highs. The upside momentum of Ethereum can see a halt near $4000. Meanwhile, the support of the asset price can be observed near $3500 The RSI of ETH is currently at 71 with the strong positive slope suggesting its presence in the oversold zone. The overall sentiment of RSI and MACD are bullish on the daily chart.
COINBASE:ETHUSDLong
by Ritika_TCR