Ethereum: Correction to $1,300–$1,500 and Rise to $2,500–$2,800#Ethereum Price Analysis: Correction to $1,300–$1,500 Before Potential Rise to $2,500–$2,800
Let’s break down why Ethereum (ETH) might correct to the $1,300–$1,500 range and then potentially rise to $2,500–$2,800 (with increased risk beyond that).
Technical Analysis
On the ETH/USDC 5-day ti
Key facts today
Trader Peter Brandt sees a bullish pattern for Ethereum, now at $2,370 after a 33% rise. A breakout above $2,150 could target $4,000.
Ethereum's open interest in futures contracts increased significantly from $21.28 billion on May 8 to $26.77 billion on May 10, reflecting heightened market participation.
Ethereum has formed golden crosses on its one-hour and four-hour charts, indicating possible short-term bullish momentum, and has surpassed the 50-day moving average, hinting at a trend reversal.
Key stats
About Ethereum
Ethereum — the world’s second-most famous blockchain network — is a platform for creating decentralized applications based on blockchain and smart contract technology (a command that automatically enforces the terms of the agreement based on a given algorithm). It's the chain that birthed DeFi (decentralized finance) and started the NFT craze which saw billions of dollars pour into cryptocurrency. Safe to say, it's one of the big dogs.
Ethereum: I expect it to reach $1,800-$2,243.Current situation with Ethereum: I expect it to reach $1,800-$2,243 based on Coinbase data.
Not going into too much detail, but in short: the stock market will drop, and Bitcoin and Ethereum will follow.
➖ Please avoid using leverage—the market is highly volatile right now.
ETH has broken its 2 year ascending trendlineI have been busy working on our AI Super Aggregator so have not been as active in the market but look at this chart, it looks not good. We have broken a 2 year ascending trendline, the only goodish news is that it looks like we are trying to assume a nearly horizontal channel versus some steep desc
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related pairs
Frequently Asked Questions
The current price of Ethereum (ETH) is 2,591.2 USDC — it has risen 0.28% in the past 24 hours. Try placing this info into the context by checking out what coins are also gaining and losing at the moment and seeing ETH price chart.
Ethereum price has risen by 28.71% over the last week, its month performance shows a 45.89% increase, and as for the last year, Ethereum has decreased by −14.50%. See more dynamics on ETH price chart.
Keep track of coins' changes with our Crypto Coins Heatmap.
Keep track of coins' changes with our Crypto Coins Heatmap.
Ethereum (ETH) reached its highest price on Nov 10, 2021 — it amounted to 4,865.0 USDC. Find more insights on the ETH price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Ethereum (ETH) reached the lowest price of 310.4 USDC on Sep 5, 2020. View more Ethereum dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying ETH is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade ETH right from TradingView charts — just choose a broker and connect to your account.
Crypto markets are famous for their volatility, so one should study all the available stats before adding crypto assets to their portfolio. Very often it's technical analysis that comes in handy. We prepared technical ratings for Ethereum (ETH): today its technical analysis shows the strong buy signal, and according to the 1 week rating ETH shows the buy signal. And you'd better dig deeper and study 1 month rating too — it's buy. Find inspiration in Ethereum trading ideas and keep track of what's moving crypto markets with our crypto news feed.
Ethereum (ETH) is just as reliable as any other crypto asset — this corner of the world market is highly volatile. Today, for instance, Ethereum is estimated as 10.48% volatile. The only thing it means is that you must prepare and examine all available information before making a decision. And if you're not sure about Ethereum, you can find more inspiration in our curated watchlists.
You can discuss Ethereum (ETH) with other users in our public chats, Minds or in the comments to Ideas.