Etheruem Price Prediction: ETH Price Prepares For 30% Gains Above 200-day EMA
Ethereum price edges higher for the third straight day. However, the gains consolidate in a very tight range of $2,920 and $3,046.99. The price tested the multi-week high near $3,045.
- Ethereum price locks in gains as bullish momentum continues.
- Expect more gains toward $3,600 if decisively close above 200-day EMA.
- ETH trades along the ascending trend line from the lows of $2,300.
As of publication time, ETH/USD trades at $3,013.85, up 1.50% for the day. The second-largest cryptocurrency by market cap holds at $14,867,289,973 according to the CoinMarketCap.
Ethereum looks for further gains
On the daily chart, Ethereum price prints impressive gains in the past few days. The price tested $3,000 for the first time. in the past three-week.To continue with gains ETH must close above the critical 200-EMA (Exponential Moving Average) at$3,144.52.
On moving upside, the first upside hurdle will appear at $3,600. Investors would next target the psychological $4,000 level.
On the flip side, a fall below the 50-day SMA will negate the bullish theory in the price. Ethereum price will look out for the support near $2,600.
Technical indicator:
RSI: The daily Relative Strength Index holds above the average line since March 15 strengthening the upside momentum in the price. Currently, it reads at 58.
MACD: The Moving Average Convergence Divergence hovers above the midline with a bullish bias.
Trading Volume: The volumes show a positive trend in accordance with the rise in price.
- ProShares Files for Index Crypto ETF Tracking Bitcoin, Ethereum, XRP, and Solana
- Trump Says Meeting with China May Not Happen, Bitcoin Drops
- The Great Rotation? Bitcoin Rises as Gold Sees Largest Daily Drop Since 2013
- Crypto Czar David Sacks to Meet Senate Republicans In Bid To Advance Market Structure Bill
- Waller Floats ‘Payment Account’ Framework to Provide Crypto Firms Access To Fed’s Payment Rails
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
