Coinbase Wrapped Staked ETH Price Prediction – CBETH Price Estimated to Reach $4,139.90 By Mar 04, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Coinbase Wrapped Staked ETH is up 4.45% today against the US Dollar
• CBETH/BTC decreased by -3.99% today
• Coinbase Wrapped Staked ETH is currently trading 13.68% below our prediction on Mar 04, 2024
• Coinbase Wrapped Staked ETH gained 46.19% in the last month and is up 119.44% since 1 year ago

CBETH price is expected to rise by 15.62% in the next 5 days according to our Coinbase Wrapped Staked ETH price prediction

is trading at $ 3,573.37 after gaining 4.45% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.17% in the same time period. CBETH performed poorly against BTC today and recorded a -3.99% loss against the world’s largest cryptocurrency.

According to our Coinbase Wrapped Staked ETH price prediction, CBETH is expected to reach a price of $ 4,139.90 by Mar 04, 2024. This would represent a 15.62% price increase for CBETH in the next 5 days.

CBETH Price Prediction Chart

Buy/Sell Coinbase Wrapped Staked ETH

What has been going on with Coinbase Wrapped Staked ETH in the last 30 days

Coinbase Wrapped Staked ETH has been displaying a positive trend recently, as the coin gained 46.19% in the last 30-days. The medium-term trend for Coinbase Wrapped Staked ETH has been bullish, with CBETH increasing by 65.40% in the last 3 months. The long-term picture for Coinbase Wrapped Staked ETH has been positive, as CBETH is currently displaying a 119.44% 1-year price change. On this day last year, CBETH was trading at $ 1,628.42.

Coinbase Wrapped Staked ETH reached its all-time high price on Feb 28, 2024, when the price of CBETH peaked at $ 3,677.46. The current CBETH cycle high is $ 3,573.37, while the cycle low is at $ 3,411.32. CBETH has been displaying high volatility recently – the 1-month volatility of the coin is at 11.72. Coinbase Wrapped Staked ETH recorded 21 green days in the last 30 days.

Coinbase Wrapped Staked ETH technical analysis for today – Feb 29, 2024

The sentiment in the Coinbase Wrapped Staked ETH markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 3,368.21, $ 3,306.23 and $ 3,254.28, while $ 3,482.13, $ 3,534.07 and $ 3,596.05 are the key resistance levels.

Bullish sentiment for Coinbase Wrapped Staked ETH

25 indicators are currently signaling a bullish prediction for Coinbase Wrapped Staked ETH, while 4 indicators are showing a bearish forecast. With 86% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Coinbase Wrapped Staked ETH.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at 82 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Coinbase Wrapped Staked ETH moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Coinbase Wrapped Staked ETH is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Coinbase Wrapped Staked ETH is at 81.17, suggesting that CBETH is currently overbought.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Coinbase Wrapped Staked ETH over the last 50 days. Currently, Coinbase Wrapped Staked ETH is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the CBETH closing price for the last 200 days. CBETH is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Coinbase Wrapped Staked ETH prediction

After considering the above factors, we can conclude that the current forecast for Coinbase Wrapped Staked ETH price prediction is Bullish. CBETH would have to increase by 15.62% to hit our $ 4,139.90 target within the next five days. Moving forward, it will be important to monitor the CBETH market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Coinbase Wrapped Staked ETH price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.