Ethereumpriceforecast — Trading Ideas on TradingView

Ethereum Price Analysis and Prediction - Bulls Coming in HOTTTT Relative Strength Index: The RSI is currently at a relatively high 60 points, meaning the market is somewhat overbought and we should expect a slight correction downards. Bollinger Bands: The price is within the BB range, yet it's still above the MA. This also means a slight retracement in the next few hours is likely. Volume: There is moderate to low amount of volume, which signals that the market can move a few percent in either direction and is not out of fuel. Ethereum Price Prediction In my previous Ethereum price prediction, I predicted that: “ETH will stabilize around $170 and trade sideways for the next few hours.” While Ethereum did have it’s dips and peaks, it looks like the $170 level is a favorite position for ETH. As such, I will continue with my prediction that ETH will once again dip to the $170 support level, before moving upwards to try and test the $180 support. If ETH can successfully hold $180, $190 will follow shortly after as ETH doesn’t like to trade sideways at the $180 level. Read Full Ethereum Price Analysis and Prediction: NullTX

Ethereum Price Analysis - $ETH Looking Good Relative Strength Index: The RSI is currently at a healthy 55 points. That's better than most cryptos that are having a hard time holding current support. Bollinger Bands: ETH/USD is also well within the BB range. This also signals a healthy market that could start trading sideways. The bad news is that the current ETH price is still below the MA, if ETH can stay above $170, that would be a good sign for the bulls. Volume: The volume is moderately low, this means the market can still make a few percent moves in either direction. Ethereum (ETH) Price Prediction RSI and BBs are both signalling a relatively healthy market compared to what happened earlier today. Moveover, while the amount of volume is still moderate, it's definitely winding down. If the volume gets any lower, that's another sign that we may see recovery. I'm going to go out on a limb here and predict that ETH will stabilize around $170 and trade sideways for the next few hours. Assuming Bitcoin doesn't make any big moves anytime soon, I believe ETH will start recovering within a day. Read Full Ethereum Price Analysis and Prediction: NullTX

Ethereum Price Analysis and Prediction - Will $ETH hit $200? Relative Strength Index: The RSI is currently at a healthy 43 points. This means the market can go either way but will lean towards trading sideways. Bollinger Bands : After the most recent retracement, the price is currently touching the lower bollinger band. This means ETH/USD will try to rebound at least back to the $194 level. Volume: While there is volume present, it's relatively low. There isn't enough volume currently to sway the market too much in either direction. Ethereum Price Prediction Both the RSI and Volume are signalling a sideways trading market. Bollinger Bands on the other hand, are signalling a slight rebound. As such, my prediction is that Ethereum will trade sideways between the $190 and $200 level for the next few hours, given the BTC/USD doesn't make any major moves. When it comes to a more medium / longer term trend, as much as I love Ethereum I don't think it will be able to hold the $200 support level. While the prospect of ETH 2.0 is exciting, currently Ethereum is struggling from network congestion. It's hard to use many dApps because even the cheapest transactions cost way too much due to Gas fees. Read Full Analysis: The Merkle Hash

Ethereum Price Analysis: Bear Trap Successful Relative Strength Index: The RSI is currently at 59 points. It recently peaked at 65 which was a result of the rebound from the bear trap. At this point, the RSI will try to stay within range as we've seen previously. At the same time since the RSI is leaning on the high side, the market has plenty of strength to make another move. Bollinger Bands: The price is currently above the upper band. This means that the market will try to retrace in the next few hours. If that doesn't happen, the deviation of the bands will increase, causing the price to fall within range. It's really just a game of cat and mouse. Volume: There is a decent amount of trading volume at the time of writing. With the bear trap behind us I would expect the volume to decrease. However, keep in mind that a new week is starting and if Bitcoin makes any sudden moves, volume will increase. Ethereum Price Prediction In my previous Ethereum price prediction, I mentioned how ETH/USD will continue trading sideways but might test $180 a few more times. "My prediction is that Ethereum will attempt to hold the current support at the $178 level. ETH/USD might touch $180 a few more times, but it’s going to be hard to establish support at that level." It looks like ETH only touched $180 once but it did have a hard time holding that support. Ethereum seems to like the $170 level which is where it will stay unless Bitcoin makes any sudden moves. My prediction is that Ethereum will continue to trade sideways until Bitcoin wakes up. We have a new week ahead of us and crypto markets are ripe, I predict at least a 10% move in the next week. Read Full Analysis: Ethereum Price Analysis