3 Easy Things To know Ethereum Price Prediction And Why Ethereum(ETH) Will Hit $5000 This Week?

Introduction of Ethereum

Ethereum Price Prediction can be gauged from its 24-hour trading volume of $23,139,670,542 USD, the current Ethereum price is $4,300.12 USD. Our ETH to USD pricing is updated in real-time. In the previous 24 hours, Ethereum has gained 2.71 percent. With a live market cap of $509,393,324,433 USD, Bitcoin is now ranked #2 on CoinMarketCap. The maximum supply is not known, however, it has a circulating supply of 118,460,377 ETH coins. One can predict Ethereum Price Prediction from this article.

ETH/BTC Daily forecast Ethereum Price Prediction

ETH/BTC Daily Technical levels

ETH/BTC pair is trying the break the resistance level as all the BTC market is looking to go up at per all the technical indicators. 4-hour candlesticks are showing n bullish market scenario and it can break the resistance level of .08 BTC

 Fibonacci levels For Ethereum Price Prediction

It is used to predict the support and resistance levels of the market. The 0.786 fib level is showing strong resistance at the current point. However, the market is looking good to go up at the moment with the current price at .062 BTC

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RSI Indicator

 The relative strength index is a great instrument to check the momentum of the market. RSI of the ETH/BTC pair is trying to break the 75 level, which shows that the market may go more up in the current scenario. The buyers may look into carefully the support level before taking entry into the market. Buyers can put but limit around at current price as the market is looking to go up from this point.

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Bollinger bands

Bollinger bands are a volatility analytic tool used for the technical analysis, Bollinger band of ETH/BTC pair has gone up from bottom line to the middle line trying to cross the price mark of around .0624 BTC, The middle line of BB is acting as resistance and buyer can take entry at current price after the completion of current candlesticks.

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Parabolic SAR

Parabolic SA is a great tool which used to check the momentum of the markets.  The pattern is below the candlesticks that show the market may take a little pullback before going up again at this point. Currently, its price is .0751 BTC

What can we expect at ethereum price in the coming 6 months?

If we look at the price of ethereum in Jan 2021, it was around .03 BTC, and now after the recent crash, the price is still almost double at around .061 BTC. So, taking this into account, the price of there can be expected around .081 BTC and .1 BTC respectively.

Note: These are just technical analysis and views not financial advice to anyone

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