Ethereum Price Analysis: ETH Price May Hit $2500 in the Next 7 Days!

Ethereum (ETH) Price Analysis

  • The Ethereum price is swinging within an ascending triangle ever since it flipped from the lows a month ago
  • As the final testnet Goerli Testnet went live the ETH price sliced through the crucial resistance and consolidated just above these levels
  • Currently, the price has formed a minute bullish flag which may uplift the price above $2100 in a short while from now
  • Once the ETH price slices through these levels then it may range high to test the next target at $2400 which may pave the way to secure levels above $2500

Ethereum (ETH) Technical Analysis

Technical Indicators

Technical Indicators Value (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 Less Volatility / Less Volatility
Bull-Bear Power 73.36 / 112.88 Buy / Buy

Pivot Levels

Pivot Levels Short Term Long Term
Resistance $2100 $2978
Support  $1744 $1013
Moving Average(MA)-50 $1732.78 $2892.34
Moving Average(MA)-200 $1460.84 1239.55

The Ethereum (ETH) price is extremely bullish in all the time zone as all the indicators are flashing a huge buy signal. Therefore, the asset appears to be poised to achieve the higer targets very soon.

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Bitcoin (BTC) $ 68,832.44 0.29%
Ethereum (ETH) $ 2,443.56 0.60%
Tether (USDT) $ 1.00 0.25%
BNB (BNB) $ 560.72 0.35%
Solana (SOL) $ 163.65 0.17%
USDC (USDC) $ 1.00 0.12%
XRP (XRP) $ 0.507083 0.52%
Dogecoin (DOGE) $ 0.171162 9.42%
Lido Staked Ether (STETH) $ 2,441.83 0.69%
TRON (TRX) $ 0.161446 1.89%