ETH/USD May Move Back Above $3500

Ethereum Price Prediction – April 7

The Ethereum price prediction shows that ETH is hovering above the $3200 price mark, and it is currently changing hands at $3220.

ETH/USD Market

Key Levels:

Resistance levels: $3800, $4000, $4200

Support levels: $2600, $2400, $2200

ETH/USD touches the resistance level of the $3269 mark as the second-largest crypto faces the upside where this can only be confirmed if the market price reclaims the resistance level of $3500. However, the Ethereum price is heading towards the 9-day moving average with 1.65% gains. Meanwhile, ETH/USD may again drop to the downside if the bulls fail to push it above the moving averages.

Ethereum Price Prediction: Ethereum (ETH) May Head to the North

According to the daily chart, the Ethereum price has not been able to display a bullish momentum, but the good thing is that the coin is not decreasing drastically. However, the Ethereum price needs to stay above $3500 consistently for the next few days to regain the proper bullish momentum as the technical indicator Relative Strength Index (14) moves above the 50-level. At the time of writing, the Ethereum price only needs to conquer a few crucial resistance levels above the 9-day and 21-day moving averages to stay comfortably at the top.

Now, if the coin closely manages these levels well, then it may cross above the upper boundary of the channel to reach the potential resistance levels at $3800, $4000, and $4200 respectively. On the downside, if the bears wish to maintain their drive, ETH/USD may likely slide and face the lower boundary of the channel, any further bearish movement could drag it to the critical supports at $2600, $2400, and $2200 respectively.

Against Bitcoin, the Ethereum price is currently hovering below the 9-day moving average at 7396 SAT as the technical indicator Relative Strength Index (14) moves above the 60-level.

However, the daily chart reveals that buyers are likely to have the day as the coin could locate the resistance level at 8000 SAT and above. Conversely, a lower sustainable move towards the lower boundary of the channel may cancel the bullish pattern and attract new sellers to hit the support at 6800 SAT and below.

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