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 IndicatorsValue (STF/HTF)Action (STF/HTF)Relative Strength Index(RSI)65.03 / 46.34Buy / NeutralMACD54.43 / -391.45Buy / SellAverage Directional Index(ADX)23.65 / 31.16Neutral / NeutralAverage True Range(ATR)51.34 / 375.22Less Volatility / Less VolatilityBull-Bear Power73.36 / 112.88Buy / Buy
Pivot Levels
Pivot LevelsShort TermLong TermResistance$2100$2978Support $1744$1013Moving Average(MA)-50$1732.78$2892.34Moving Average(MA)-200$1460.841239.55
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.
