ETH/USD Faces the Resistance Level of $3500

Ethereum Price Prediction – April 10

The Ethereum price prediction shows that ETH is likely to break above the channel as the coin is ready for a spike above $3500.

ETH/USD Market

Key Levels:

Resistance levels: $3800, $4000, $4200

Support levels: $2700, $2500, $2300

ETH/USD is refreshing to a new high after touching the daily high at $3309. The coin is currently trading at $3288 with a bullish crossover and trend the intraday. Today, the number two crypto is crossing above the 9-day and 21-day moving averages as the higher resistance is expected at the $3400 resistance level.

Ethereum Price Prediction: Ethereum Price Ready to Spike

At the time of writing, the Ethereum price is likely to increase the bullish movement if the price crosses above the upper boundary of the channel. Currently, the technical indicator Relative Strength Index (14) is moving to cross above 60-level at the moment and may likely send bullish signals to encourage more buyers to enter the market.

Meanwhile, if the 9-day MA crosses below the 21-day MA, the coin may visit the downside and the price could hit the support levels at $2700, $2500, and $2300 respectively. More so, if the technical indicator Relative Strength Index (14) crosses above the 60-level, there may be a strong bullish movement which could push the market to the resistance levels of $3800, $4000, and $4200.

When compared with Bitcoin, Ethereum (ETH) is trading above the 9-day and 21-day moving averages as the price makes a retreat back below the opening price of 7625 SAT. However, the fact that the market remains in the descending channel, the crypto is likely to cross below the 9-day and 21-day moving averages.

However, if the buyers push the market price above and cross the upper boundary of the channel, ETH/BTC may touch the resistance level of 8400 SAT and above. On the other hand, strong selling pressure could bring the price below 9-day MA, and this could attract new sellers coming into the market with the next focus on the support level of 6800 SAT and below while the technical indicator Relative Strength Index (14) remains below 70-level.

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