The post Ethereum Price Analysis: ETH Price May Hit $2500 in the Next 7 Days! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Ethereum (ETH) Price Analysis
- The Ethereum price is swinging within an ascending triangle ever since it flipped from the lows a month ago
- As the final testnet Goerli Testnet went live the ETH price sliced through the crucial resistance and consolidated just above these levels
- Currently, the price has formed a minute bullish flag which may uplift the price above $2100 in a short while from now
- Once the ETH price slices through these levels then it may range high to test the next target at $2400 which may pave the way to secure levels above $2500
Ethereum (ETH) Technical Analysis
Technical Indicators
| Technical Indicators | Value (STF/HTF) | Action (STF/HTF) |
| Relative Strength Index(RSI) | 65.03 / 46.34 | Buy / Neutral |
| MACD | 54.43 / -391.45 | Buy / Sell |
| Average Directional Index(ADX) | 23.65 / 31.16 | Neutral / Neutral |
| Average True Range(ATR) | 51.34 / 375.22 | Less Volatility / Less Volatility |
| Bull-Bear Power | 73.36 / 112.88 | Buy / Buy |
Pivot Levels
| Pivot Levels | Short Term | Long Term |
| Resistance | $2100 | $2978 |
| Support | $1744 | $1013 |
| Moving Average(MA)-50 | $1732.78 | $2892.34 |
| Moving Average(MA)-200 | $1460.84 | 1239.55 |
The Ethereum (ETH) price is extremely bullish in all the time zone as all the indicators are flashing a huge buy signal. Therefore, the asset appears to be poised to achieve the higer targets very soon.
Source: https://coinpedia.org/price-analysis/ethereum-price-analysis-eth-price-may-hit-2500-in-the-next-7-days/