🚨Ethereum Price Prediction For Coming Week🚨
The Ethereum price stayed stable for a while, then the market picked up speed and the ETH token rose by more than 8% in value. After staying steady for some time, the buyers gained momentum again, causing a 22.5% increase in price over the next five days.
After that, the price stayed steady for a few days. After hitting its low of $3,176, the ETH price gained momentum again, jumping by over 24%, and since then, it has been trading in a narrow range.
The technical indicator, MACD, shows a rising red histogram, indicating increased selling pressure in the market. Also, the averages show a bearish convergence, suggesting the price may keep dropping in the near future.
If the market pushes the ETH price above the resistance level, the buyers will regain momentum and prepare to test its upper resistance level of $4,200 soon. Conversely, if the sellers dominate the buyers, the price will lose momentum and drop to test its support level of $3,533.
