In our last Ethereum Price Prediction, we wrote that the price broke a major resistance ($3,000) and may soon test it as support. We also spoke about ETH’s potential retracement in case the crypto market adjusts on an aggregate level. Today, this is exactly what happened. How can the Ethereum price continue going forward? Should you invest now? Let’s tackle everything you need to know in this Ethereum Price Prediction.
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Ethereum Price At a Support – Buy ETH Now?
Ethereum price reached the $2,900 support. We already announced this support in the last article. However, this is not horizontal support but rather an area of support. This support area is between $2,700 and $3,000. Because of this, we assume that the Ethereum price will fall back into the support zone in the next few days. The reason for the thought is the Bitcoin course. The Bitcoin course has not yet been able to confirm the former resistance of $40,000 as support, which is why we also assume that the Ethereum course could still fall a little.
Ethereum Price Prediction – Here are the Targets!
We continue to expect Ethereum’s price to reach the final target of $4,444. However, the price has two intermediate targets before the price surges to $4,444. The price could find resistance for the first time at around $3,400 and also bounce off and thus perform the first minor correction. After that, the Ethereum price could surge to $4,000 and bounce off the psychological level. Here we anticipate the price to drop to $3,400 to confirm the level as support. Subsequently, the price could rally to $4,444.
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